CATL Expects Q2 Capacity Utilization to Stay Above 80–90%

At its first-quarter earnings briefing held on April 15, CATL management stated that current orders for both power and energy storage batteries are fully booked, and the earlier capacity expansion is already showing initial results, though full utilization of the new capacity will still take time. The company’s overall capacity utilization rate currently stands between 80% and 90%, and is expected to remain above this range in the second quarter.