The company made $10 billion in profit for 2021, a 55 percent increase from 2020.
The automaker will build a battery plant and overhaul an existing factory to produce electric pickup trucks, creating 4,000 jobs.
The company has big plans to turn its delivery fleet green. But very few of the vehicles are made right now.
La enorme disparidad entre los resultados de la empresa de autos eléctricos y los de reconocidos fabricantes de carros el año pasado refleja el cambio tecnológico que sacude al sector.
The yawning disparity between the performance of the electric car company and established automakers last year reflects the technological change roiling the industry.
After struggling to produce cars because of a global computer chip shortage, automakers are trying to move quickly to making electric vehicles.
The limited supply of new and used vehicles is forcing some Americans to go to great lengths to find and buy them, including traveling to dealers hundreds of miles away.
Beijing gave CATL lavish subsidies, a captive market of buyers and soft regulatory treatment, helping it to control a crucial technology of the future.
The company’s Lexus brand will only sell electric cars by 2030 in China, Europe and the United States.
The company will make electric pickups at an existing plant and batteries at a factory built with a partner, a person with knowledge of the plan said.