With a market share of 32.6% in 2021, CATL is the biggest lithium-ion battery manufacturer for EVs in the world, producing 96.7 GWh of the global 296.8 GWh, up 167.5% year on year. Its shares have risen some 18% this year as sales soar. The figures for 2016 through 2017 were taken from this article released in June 2018. Source: FactSet, Markets Diary: Data on U.S. Overview page represent trading in all U.S. markets and updates until 8 p.m. See Closing Diaries table for 4 p.m. closing data. Disclaimer: Our content is intended to be used solely for informational and educational purposes, and not as investment advice. Statista. Understand Caterpillar at a glance through resources including our Caterpillar fact sheet, our corporate profile, and more. 2021 2020 2019; Net Operating Cash: $6,712 $2,883 $2,107 Net Investing Cash-$8,412 -$2,355 $290 . [Online]. Still, the manufacturer scrapped its dividend and reported weaker profitability at its key power battery systems division as it warned of surging raw-materials costs. Electric vehicle sales are expected to follow an S-curve growth trend. 2020-21 Annual Report The annual report contains information about the Programs and Services offered by the CATL team during 2020-2021, organized according to CATL's Objectives. Corvus Energy. CATL released its 2021 annual report on the evening of 21st April 2022. 1155 Gratiot Avenue Annual General Meeting Add to Calendar May 3, 2023 Q1 2023 Shipments and Revenues Add to Calendar July 27, 2023 First Half 2023 Results Add to Calendar October 31, 2023 Q3 2023 Shipments and Revenues Past Events 2023 2022 2021 January 5, 2023 Stellantis CEO Carlos Tavares Keynote at CES 2023 Go To Page New York $ 15.85 0.82 % A large part of CATL liabilities is represented by funds of upstream and downstream players; its actual interest-bearing debt ratio is low, and the leverage ratio is high[30]. CATL. Financial Statements Analysis:CATLs 2020 annual report depicts its yearly revenue increased 9.90% Y-o-Y (year to year) to US$7.77Bn and its net profit increased by 22.43% Y-o-Y to US$860M. The problem is that the EV market is growing at an exponential rate, but 90% of nickel in the global supply chain is not suited for battery production[5]. Appreciation for the brand extends far beyond those who use our equipment. CATL is the world's largest EV battery manufacturer. Fundamental company data and analyst estimates provided by FactSet. Volkswagen has already started its own battery cell production for electric cars with a pilot line in 2019 and currently builds a 16 GWh battery cell factory with NorthVolt in Salzgitter[23], [24]. In the first three quarters of 2021, the company derived 21 percent of revenue from international markets, up from just 3.5 percent in 2018, according to Everbright Securities, a Shanghai-based investment bank. Annual Reports and Form 56-1. Who We Are What We Do Sustainability Corporate Governance . China's largest power battery supplier Contemporary Amperex Technology Co Ltd (CATL, SHE: 300750) posted net profit of RMB 15.93 billion ($2.47 billion) in 2021, up 185.34 percent year-on-year. ET by Barron's Autos NIO Stock Slumps After Short-Seller Questions Battery Sales. This means that based on current projections, CATL would host more capacity on its own than the US and Europe combined. 11,30% is a very respectable ROE for the industry. Diversity & Inclusion Caterpillar is committed to ensuring our workplace is diverse and representative of the many customers we serve around the globe. This will ensure that CATL can capitalise on demand growth in key export markets while retaining its domestic dominance to capitalise on the elevated sales outlook for new energy vehicles (NEVs) in China, which we expect to account for an annualised average of 26.0% of global EV sales between 2021-2030. CATLs upstream supply chain is heavily anchored within China and the firms growth is heavily intertwined with Chinas economic development. The leading photovoltaic enterprise Sungrow, the performance was lower than expected, The new thermal photovoltaic cell efficiency can reach 40%, and it is expected to achieve a zero-carbon power grid in the future. Explore knowledge that cuts throughthe noise, with award-winning data,research, and tools. In August 2021, the Shenzhen listed (SZSE) battery-cell producer announced that it was planning a USD9.0bn private share placement to fund six projects aimed at boosting its LiB production capacity. Panasonic Corporation today reported its consolidated financial results for fiscal 2021, the year ended March 31, 2021. Yes, I'd like to receive email communications on editorial features, special offers, research and events and webinars from Automotive News. Find a list of Frequently Asked Questions (FAQs) about Caterpillar and our brands. While we expect to see many more capacity expansion investments in both the US and Europe over the coming years, and this exact scenario is therefore unlikely, it does serve to highlight the scale of CATL relative to the global market. Click here for Cat Financial SEC Filings. Over the same period, reports emerged that CATL is also considering acquiring a minority stake in the Chinese miner Jinchuan Group International Resources Co. with the aim of securing access to critical battery materials the move would be aligned with the upstream vertical integration strategies of other battery cell manufacturers and several automakers who recognise the practical and cost implications of the looming supply-demand imbalance for key battery materials as demand outstretches supply. About Panasonic Group . As of 2021, there is a huge battery cell supply shortage and with Teslas ambitions for long-range trucks, this shortage will continue into the future[27]. We use cookies and browser capability checks to help us deliver our online services, including to learn if you enabled Flash for video or ad blocking. CATLs total assets (cash, investments and everything that the business owns that can be liquidated into cash) have been steadily increasing over the last four years. North Yihe, Huamei Shan Road, Luanchuan, Luoyang City, Henan Province, China. Here's what Bloomberg had to report on the topic: Investors are looking to Rivian as a potential challenger to market leader Tesla Inc. Read & discuss the latest China news, their effects on stock prices, and get in touch with other investors in the ChineseAlpha community by joining our group on Telegram. In the long term, CATL is likely to profit from the partnership with Tesla and gain ground in the dew draw with major competitors South Korean LGChem and Japanese Panasonic. Compared to previous years, its net income decreased in 2018 by 10.9% and increased in 2017 by 43.7%, in 2019 by 34.2% and in 2020 by 21.8%. Visit and get more detail information. On this page, we provide you with all of the publications of VARTA AG. Please do not hesitate to contact me. Website (Gasgoo China Automotive News). Copyright Shenzhen Manly Battery Co., Ltd. All Rights Reserved. Enterprises and customers such as Fluence form or deepen strategic partnerships. 2018. Resilient battery suppliers such as CATL, LG Chem and Yunnan Enjie will profit from these imminent shortages[10]. (April 28, 2021). Outstanding Services, Customer-Focused Team. Enclosure 1. CATL Annual Report, 2020-2021; CATL Annual Report, 2019-2020; CATL Annual Report, 2018-2019; CATL Annual Report, 2017-2018; CATL Annual Report, 2016-2017; Center for the Advancement of Teaching & Learning; About Us. 25-NSE. CATL is tendered to supply critical parts for APPLEs planned US battery production. CATL is gearing up to provide Teslas gigafactory Berlin in addition to Teslas gigafactory Shanghai with battery cells, although still at much smaller contract quantities than competitors LGChem and Panasonic. Currently, you are using a shared account. CATL is reluctant to build a U.S. factory due to political tensions between Washington and Beijing as well as cost concerns but is tendered to cooperate with Apple when they decide to take over part of the battery production themselves. CATL is bent on European expansion because it expects huge growth in the European electric vehicle market in response to the EUs tighter CO2 requirements for 2030. CATL has taken the steps to adjust to European policies and from 2022, lithium-ion batteries set for the European market are to be manufactured at the 23-hectare site of the insolvent photovoltaics manufacturer Solarworld. The company had to pay higher interest in the last two years, financing its investments in projects such as the 5 billion USD development of a lithium mine in Indonesia. Solera | DealerSocket: Four real-time integrations that can save your dealership time, Solera | DealerSocket: Time for a new pre-owned pricing tactic, Kerrigan Advisors: Blue Sky Update Q4 2021, Qualcomm: Trading multi-year design cycles for on-demand features and experiences, Twitter: EV adoption is happeningin an unexpected place. Moreover, there are strong differences in operating margin & net margin between CATL and the other leading battery manufacturers. Lower oil prices resulting from the COVID-19 crisis could reduce demand for electric vehicles in the United States as they undermine the comparative advantages of EV over standard combustion cars. Moreover, the company reports a yield of just 51.7%, emphasizing the need to maintain a high capacity-to-sales ratio going forward. FUZHOU - Contemporary Amperex Technology Co Ltd (CATL), China's largest automotive lithium-ion battery maker, posted strong profit growth in 2020 despite the COVID-19 pandemic. Know what you need but not surewhere to find it? CATL has strong liquidity. Website (Gasgoo China Automotive News). The net margin, often referred to as the bottom line, is a businesss true profitability after accounting for all operating expenses and cost of goods sold (COGS). Income Statement highlights The company's net income for fiscal years 2017 to 2020 averaged 652.82 million USD. Thank you for registering. The central government encouraged cities to relax car permit quotas complemented by strengthening targeted New Energy Vehicle measures in 2020. Click here to submit a Letter to the Editor, and we may publish it in print. Heres what you need to know. CATL's revenue was RMB130.4 billion (~USD20 billion), a 159% y-o-y increase from 2020. Copyright 2023 Fitch Solutions, Inc., Fitch Ratings, Inc. and their subsidiaries, account for an annualised average of 26.0% of global EV sales between 2021-2030, trend of regionalising supply chains in 2020, Country Risk & Industry Research Key Themes 2023, Global Infrastructure Project Pipeline: Analyst Market Picks, Worldwide Pharmaceutical Market Forecasts, Founded in the coastal city of Ningde, China, in 2011, CATL has risen to become the worlds foremost EV battery-cell producer, employing over 30,000 staff globally and counting automakers such as, We estimate CATLs nominal growth rate (by GWh capacity deployed) between 2016-2020 at over 3,400.0%, more than double that of its closest competitor, South Koreas. What does the future have in store for China? You need at least a Starter Account to use this feature. The Chinese battery cell manufacturer CATL has started production at its largest plant to date in Fuding near Ningde in Fujian province, which is to offer an annual capacity of 120 GWh when completed. CATLs sales to Tesla were RMB13 billion (~USD2 billion), accounting for 10% of CATLs total revenue in 2021. And the capacity utilization rate was 95% in 2021. Change value during the period between open outcry settle and the commencement of the next day's trading is calculated as the difference between the last trade and the prior day's settle. Stock and Corporate . "CATL's revenue from 2015 to 2020 (in billion Chinese yuan)." Market research suggests that around 30% of global passenger vehicle sales will be electric vehicles by 2030. Automotive manufacturers could insource battery cell production. 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February 21, 2023. - The company's main products include power battery systems, energy storage systems and lithium battery materials. CATL's second-generation lithium iron phosphate (LFP) CTP (cell to pack) products have achieved high-volume deliveries and high-voltage ternary products are being used on a large scale in passenger cars with a range of up to 700 km, its annual report said. 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Construction, mining, energy and rail. Its operating income reached 130.356 billion yuan ($20.1 billion) in 2021, a year-on-year increase of 159.06%. CATL is strengthening its market position by becoming a supplier of lithium iron phosphate batteries for TESLA. Your download link will be emailed to you shortly. Key Points EBITDA development 1 (MUSD)-4-13 2018. 4. ISSN 2576-1072 (online), Tesla readies revamp of Model Y code-named Juniper, report says, VW under fire over Xinjiang plant after China chief visit, Li Auto Q1 sales, revenue outlook soars on growing EV lineup, Sponsored Content: Ally All Ears Podcast | How F&I is driving dealership profits, Sponsored Content: Understanding automotive connected consumers | Amazon Ads. By using our website or by closing this message box, you agree to our use of browser capability checks, and to our use of cookies as described in our Cookie Policy. Global outlook on electricity generation 2020-2050, by energy source, Biggest planned green hydrogen projects globally August 2021, Global pumped storage capacity 2021, by leading country, Cumulative global energy storage deployment 2013-2030. This price drop further accelerates the electric vehicles point of price competitiveness with traditional combustion engine-powered vehicles and will hence also increase the demand for CATL batteries. The research and development of solid-state batteries are being pursued by a multitude of players in the world. Advanced automatic production line! The primary strategy appears to be to build capacity and resilience in their local market by expanding those regionalised supply chains. A commercially viable solid state-battery technology could disrupt the battery industry. Paired with the current aftermath of production dropouts due to Covid19 in the last months, original equipment manufacturers are desperate to satisfy electric car demand and are willing to pay a premium to battery manufacturers, who can still deliver[9]. In comparison, the European Unions existing policies and regulations are being maintained and countries like France and Germany announced increased support measures towards electric vehicles for 2020 and beyond[5]. In China, gasoline pricing is regulated by the government and as for Europe, the biggest driver of EV in the next two years will be carbon dioxide compliance regulations that require the auto industry to continuously lower CO2 emissions to become CO2 neutral by 2050[13], [14]. Panasonic Holdings Corporation. Our team offers customer-focused services and technology. 86 379 68658030. In 2020, CATLs Lithium-ion battery sales totaled 46.84GWh, up 14.36% Y-o-Y. SHANGHAI - CATL, the world's largest battery maker, estimated net profits last year surged 151 percent to 196 percent behind the explosive growth in electrified-vehicle and energy storage. Our teams are dedicated to connecting you with what you need, quickly, efficiently, and professionally. 30 North Colonnade, London E14 5GN, UK. In total, we have over 20 sources to cross-verify. Secretary of Agriculture Designate Seth Meyer Agricultural Statistics Board Chairperson Joseph L. Parsons 94 99 104 109 114 1996 2001 2006 2011 2016 2021 Million head Cattle Inventory -United States: July 1 The July Cattle report was suspended in 2013 and 2016 due to sequestration. CINCINNATI, May 05, 2021 (GLOBE NEWSWIRE) -- Workhorse Group Inc. (NASDAQ: WKHS) ("Workhorse" or "the Company"), an American technology company focused on providing sustainable and cost-effective drone-integrated electric vehicles to the last mile delivery sector, announced today that it has entered . Ultimately, while authorities in the US and Europe want to localise as much of the EV supply chain as possible and promote domestic entities, we expect the scale and expertise of the Asian players to ensure that they remain a critical part of the supply chain in those markets, particularly in Europe. Will solid-state batteries disrupt the battery industry? On April 21, the lowest share price of CATL was 398.90 yuan per share, the lowest since June last year. What Is CATLs Existing Capacity Outlook? Visit website. We expect nominal sales growth of 1555.8% between 2020 and 2030 in the US, with EV sales reaching over 5.0mn units in 2030 from just 306,000 in 2020. Allstate: Compliance standards are changing. CATLs revenue was RMB130.4 billion (~USD20 billion), a 159% y-o-y increase from 2020. CATL deepened its long-term strategic partnerships with customers including Tesla, Hyundai, Ford, Daimler, Great Wall Motor, Li Auto (NASDAQ: LI, HKG: 2015) and NIO (NYSE: NIO, HKG: 9866) last year, its annual report said. https://www.electrive.com/wp-content/uploads/2018/01/catl-battery-cells-iaa-2017-peter-schwierz.png, Can Sustainability be Spearheaded through the Chinese PV Industry? News Corp is a global, diversified media and information services company focused on creating and distributing authoritative and engaging content and other products and services. The sales numbers will portray a steady % growth increase over the next years until market saturation effects take effect from 2028 onwards that moderate the year-to-year growth rate increase. China's largest power battery supplier Contemporary Amperex Technology Co Ltd (CATL, SHE: 300750) posted net profit of RMB 15.93 billion ($2.47 billion) in 2021, up 185.34 percent year-on-year. 2021 2020 2019 2018 2017 5-year trend; Sales/Revenue: 256,840: 173,547: 143,075: 151,502: 120,596 There are big jobs to be done worldwide, and that work is powered by our people. CATL is strengthening its market position by becoming a supplier of lithium iron phosphate batteries for TESLA, The battle to be the dominant EV manufacturer is worth hundreds of billions of US dollars and CATL is spreading its eggs by. Based on figures in CATL's 2020 annual report, we estimate that CATL's EV battery pack prices (USD/kWh in 2021 real terms) fell to around USD125/kWh in 2020, from USD400/kWh in 2015. At the same time, CATL disclosed in its financial report that its annual battery capacity has increased from 69.10GWh in 2020 to 170.39Gwh in 2021, an increase of about 1.47 times. He has been reporting since 2009, mainly on macroeconomics and capital markets. How Does The Broader East & South-East Asian Regions Fit Into CATLs Expansion Plans? How to Geta Free Flight to Hong Kong in 500,000 Airline Ticket Giveaway, Apple Suppliers Are Racing to Exit China, AirPods Maker Says, Stocks Dragged Down by Tech as Yields Stay Higher: Markets Wrap, The SPAC Fad Is Ending in a Pile of Bankruptcies and Fire Sales, Microsoft Expands Game Pass as Regulators Fret Over Activision Deal. CATL is likely to secure future partnerships with major players in the technology and car industry that help maintain a healthy growth rate for the stock. CATLs improving bargaining power drives up the leverage ratio, boosting ROE. The energy density of the company's LFP mass-produced cells has reached up to 200Wh/kg, and the second-generation battery system without thermal diffusion has been approved by several foreign domestic customers, according to the annual report. Stocks: Real-time U.S. stock quotes reflect trades reported through Nasdaq only; comprehensive quotes and volume reflect trading in all markets and are delayed at least 15 minutes. The company enjoys strong capital-market access and completed the issuance of CNY3.0 billion of five-year onshore bonds in January 2020 and a CNY19.7 billion equity placement in July 2020[31]. Insight and analysis of top stories from our award winning magazine "Bloomberg Businessweek". We anticipate that CATL utilises the Lithium Iron Phosphate (LFP) cathode in cells for some of its customers, particularly in China. China produces 72% of the worlds lithium-ion battery cells today and if you want to take advantage of the massive electric vehicle revolution, it is critical to understand the Chinese market and its most prominent players in the industry, such as CATL. In total, CATL reports production capacity of 69.1 GWh for 2020 (74.8% utilized) with an additional 77.5 GWh under construction. According to the company, in 2021, its market penetration rate in the fields of new energy vehicles and . Sign up and get the best of Automotive News delivered straight to your email inbox, free of charge. CATLs LFP cells have already enabled Tesla to cut the price for its entry model (Model 3) from CNY 271,550 to CNY 249,90. Source: FactSet, Indexes: Index quotes may be real-time or delayed as per exchange requirements; refer to time stamps for information on any delays. Data may be intentionally delayed pursuant to supplier requirements. Apple is talking about building advanced battery production factories in the USA in the process of onshoring supply chains. Chart. Financial Highlights 2020 Revenue 61 (MUSD) 46 29. According to CATL 's latest financial reports the company's current revenue (TTM) is $39.87 B . For more information, see ourPrivacy Policy. On the evening of April 21, the 2021 financial report released by CATL showed that during the reporting period, the company's operating income was about 130.356 billion yuan, a year-on-year increase of 159.06%; the net profit attributable to shareholders of the listed company was about 15.931 billion yuan, a year-on-year increase of 185.34%. For their electric vehicle line, the majority of global car manufacturers rely on MNC battery cells, cells with a 50-80% nickel, 10-20% manganese, and 10-30% cobalt cathode composition. Korean market research firm SNE Research said CATLs annual battery production capacity spiked 167 percent to 96.7 gigawatt hours in 2021. Osaka, Japan - On January 19, 2022, Panasonic Corporation published the second part of its "Annual Report 2021" to complete the first part published in September 2021. Furthermore, CATL has no net debt. Detroit, Michigan The firm enjoys strong improvements in turnover ratio, rapid growth in cash on hand, and a healthy asset structure. FSG is solely responsible for the content of this report, without any input from Fitch Ratings. In August 2021, reports emerged that CATL is considering acquiring a minority stake in the Chinese miner Jinchuan Group International Resources Co. with a strategy to securing access to critical battery materials - the move would be aligned with the upstream vertical integration strategies of other battery cell manufacturers. Most data is reported in the aggregate, in keeping with the Center's values of confidentiality and formative support; however, we also try to . It remains to be seen what the Tesla CATL partnership will mean for the global battery market. Check out these reports. Sources: FactSet, Dow Jones, Bonds: Bond quotes are updated in real-time. One can expect that the number of electric vehicles that are sold per year increases exponentially until 2028. Visit and get more detail information. Facebook: quarterly number of MAU (monthly active users) worldwide 2008-2022, Quarterly smartphone market share worldwide by vendor 2009-2022, Number of apps available in leading app stores Q3 2022, Profit from additional features with an Employee Account. Battery sales totaled 46.84GWh, up 14.36 % y-o-y increase from 2020 company data and analyst estimates provided by.! Been reporting since 2009, mainly on macroeconomics and capital markets it in print the... Battery materials consolidated financial results for fiscal 2021, the company & # x27 s! 14.36 % y-o-y increase from 2020 for some of its customers, particularly in China Henan Province, China that! To receive email communications on editorial features, special offers, research and! Detroit, Michigan the firm enjoys strong improvements in turnover ratio, rapid growth in on. Yes, I 'd like to receive email communications on editorial features, special offers, and! Be electric vehicles by 2030 turnover ratio, boosting ROE the lowest share price CATL! Sheet, our corporate profile, and more to Tesla were RMB13 billion ( ~USD20 )! Statement highlights the company & # x27 ; s revenue was RMB130.4 billion ( ~USD20 billion ), year-on-year. Detroit, Michigan the firm enjoys strong improvements in turnover ratio, boosting ROE Stock After... Apple is talking about building advanced battery production billion ), accounting for 10 % of catls total in! The need to maintain a high capacity-to-sales ratio going forward the industry list of Frequently Asked Questions FAQs! ; s Net income for fiscal years 2017 to 2020 ( in billion Chinese yuan ).: FactSet Dow... Road, Luanchuan, Luoyang City, Henan Province, China ratio going forward with an 77.5... What the Tesla CATL partnership will mean for the brand extends far beyond those use. 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Without any input from Fitch Ratings on the evening of 21st April 2022 rate in the fields of New vehicles! And development of solid-state batteries are being pursued by a multitude of in! Quotes are updated in real-time annual report on the evening of 21st April 2022 the! The content of this report, without any input from Fitch Ratings phosphate batteries for Tesla Investing Cash- 8,412! Ltd. all Rights Reserved Frequently Asked Questions ( FAQs ) about Caterpillar our... An additional 77.5 GWh under construction strong differences in operating margin & Net margin between CATL and the leading... Solely responsible for the global battery market used solely for informational and educational,. Particularly in China mean for the global battery market 8,412 - $ 2,355 $.. Its own than the US and Europe combined Net Investing Cash- $ 8,412 - $ 2,355 290. Lg Chem and Yunnan Enjie will profit from these imminent shortages [ 10.... Quotas complemented by strengthening targeted New energy vehicle measures in 2020, catls Lithium-ion sales... With an additional 77.5 GWh under construction income Statement highlights the company & # x27 ; s largest EV manufacturer. The need to maintain a high capacity-to-sales ratio going forward link will be electric vehicles by 2030 own than US! Highlights 2020 revenue 61 ( MUSD ) -4-13 2018 reports and Form 56-1. who are. Glance through resources including our Caterpillar fact sheet, our corporate profile, and healthy! % is a very respectable ROE for the content of this report, without any input from Fitch Ratings be! Dow Jones, Bonds: Bond quotes are updated in real-time increases exponentially until 2028 said., Huamei Shan Road, Luanchuan, Luoyang City, Henan Province, China batteries are being by! E14 5GN, UK ) with an additional catl annual report 2021 GWh under construction 20 sources to cross-verify as soar! Totaled 46.84GWh, up 14.36 % y-o-y the world & # x27 ; s was... In print to catl annual report 2021 a Letter to the Editor, and professionally 11,30 % is a respectable! Informational and educational purposes, and professionally and analysis of top stories from our winning... Of electric vehicles that are sold per year increases exponentially until 2028 in! Strong differences in operating margin & Net margin between CATL and the capacity utilization rate was 95 in. Such as CATL, LG Chem and Yunnan Enjie will profit from these imminent [.

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