Classify the following statements as goals, objectives, or strategies/tactics. If the statement is part goal or objective and part strategy/tactic, separate the statement into its relevant parts. For statements classified as either a goal or an objective, further classify them as either short-term or long-term (assume it is January 1, 2023) and financial or nonfinancial. In addition, if you feel that a statement is an outcome (i.e., either a goal or an objective), further assume that it is appropriate and realistic as these terms are defined. After you have classified the statement, explain your reasoning in no more than two-to-four sentences using information.

 (Instructor’s Note: The fact that a case may refer to a statement as a goal or strategy, for example, is not controlling. Business terminology is often used incorrectly even in business reports.)

CATL Overview: Contemporary Amperex Technology Co. Limited, abbreviated as CATL, is a Chinese battery manufacturer and technology company founded in 2011 that specializes in the manufacturing of lithium-ion batteries for electric vehicles and energy storage systems, as well as battery management systems. Evaluate the Following Statements:

A. Increase lithium-ion battery worldwide market share to 34% by the end of 2023.

B. Increase manufacturing capacity to 500 Gwh by 2025 and 800 Gwh by 2030.

C. Expand lithium-ion battery market share in the United States by entering into an agreement with Ford to supply batteries for their Ford Mustang Mach-E and Ford F-150 Lightning models.

D. Open a battery recycling facility by the end of 2024 to reduce raw materials inventory costs. E. Expand production standardization to reduce wastage, standardize the quality of products, and offer cheaper replacements for end users.

Answer rating: 100% (QA)

A This statement is an objective It aims to increase the worldwide market share of lithiumion batteries to 34 by the end of 2023 It is a longterm obje... View the full answer