Key Points Meritor 2018 Summary Annual Report and 10-K 2.4 MB. CATL recorded a revenue of CNY 130.4 billion (USD 20 billion), an increase of 159.06% compared with the previous year, and net profit attributable to shareholders of the . [Online]. In total, we have over 20 sources to cross-verify. 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. 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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. Source: FactSet, Indexes: Index quotes may be real-time or delayed as per exchange requirements; refer to time stamps for information on any delays. Lipper shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon. Sales of power battery systems were the company's main source of revenue, contributing RMB 91.49 billion last year, up 132.06 percent year-on-year. The net profit rose by 185% y-o-y to RMB15.9 billion (~USD2.45 billion). Get 24/7 access to in-depth, authoritative coverage of the auto industry from a global team of reporters and editors covering the news thats vital to your business. In a move that would lessen its reliance on CATL, Nio is planning to build a new battery plant with annual capacity to produce enough to power about 400,000 long-range EVs, Reuters reported on Friday. Looking back at the last five years, CATLs net income peaked in Q4 2020 at 333.97 million USD. Thank you for registering. 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. When it comes to Europe, CATLs main concern is local politics that incentivize near-sourcing and especially the automotive industry in Germany is home to several of CATLs key customers. The primary strategy appears to be to build capacity and resilience in their local market by expanding those regionalised supply chains. Net income for 2021 more than doubled to 15.93 billion yuan, the company said late Thursday, beating analyst estimates of 13.51 billion yuan. EBITDA development 1 (MUSD)-4-13 2018. Caterpillar is committed to ensuring our workplace is diverse and representative of the many customers we serve around the globe. As of December 31, 2021, the total assets of CATL were approximately 307.667 billion yuan, an increase of 96.44% from the end of 2020. Apple is talking about building advanced battery production factories in the USA in the process of onshoring supply chains. 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]. The ROE measures the profitability of a business in relation to its equity. Always do your research and consider your personal circumstances before making investment decisions. Website (Gasgoo China Automotive News). 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. 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. 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. CMOCgroup Use Ask Statista Research Service. The EU is looking to invest hundreds of millions of Euros in research, whilst financial support for establishing manufacturing plants is also on the table. As a Premium user you get access to background information and details about the release of this statistic. CATLs sales to Tesla were RMB13 billion (~USD2 billion), accounting for 10% of CATLs total revenue in 2021. Sources: CoinDesk (Bitcoin), Kraken (all other cryptocurrencies), Calendars and Economy: 'Actual' numbers are added to the table after economic reports are released. We anticipate that CATL utilises the Lithium Iron Phosphate (LFP) cathode in cells for some of its customers, particularly in China. Show publisher information In addition, on the same day, another announcement released by CATL disclosed that CATL intends to invest in the construction of the Xiamen Times New Energy Battery Industry Base project in Xiamen, Fujian Province. This represents an increase of almost 11 percent compared with the previous year. The popular discussions on solid-state batteries have brought development both in academia and industry. 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. CATL has 170GWh capacity in operation and 140GWh capacity under construction as of 31st December 2021. On April 21, the lowest share price of CATL was 398.90 yuan per share, the lowest since June last year. The new plant would have an annual battery capacity of 40 GWh and could power about 400,000 long-range electric vehicles (EVs), the report said. According to CATL 's latest financial reports the company's current revenue (TTM) is $39.87 B . 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. CATL's 2020 annual report was released on 28 April and depicted its yearly revenue increased 9.90% Y-o-Y to RMB50.32Bn (US$7.77Bn); the company posted a 22.43% Y-o-Y increase in net profit to. Sources: FactSet, Dow Jones, ETF Movers: Includes ETFs & ETNs with volume of at least 50,000. Heres the next step in their evolution, Champ: The history of titling and the cost of human error. Looking for information on your own credit? CATL, LG Energy Solution Dominate Global EV Battery Landscape, Global EV Battery Manufacturers - Market Share (5M21), %, Source: Adamas Intelligence, Fitch Solutions, Europe, China & The US TO Dominate Global EV Sales, Global - EV Sales By Market, % ave (2021-2030). Stock and Corporate . sales@manlybatteries.cominfo@manlybatteries.com. Moreover, the company reports a yield of just 51.7%, emphasizing the need to maintain a high capacity-to-sales ratio going forward. CSI/CATL's lithium battery packs power over 330,000 commercial electric vehicles. Shareholders' Meeting. 30 North Colonnade, London E14 5GN, UK. Annual Securities Report, etc. 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. 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. Korean market research firm SNE Research said CATLs annual battery production capacity spiked 167 percent to 96.7 gigawatt hours in 2021. 4. According to Bloomberg, this number is going to increase to 58% by 2040[3], [4]. Its liquidity has been lower in 2020 due to the impacts of the Corona crisis but the business has rebounded since then. Former CATL Directors & Associate Directors; Our Mission; Consultations; Programs & Grants. Chart. We expect worldwide EV sales to fall between 4 million and 4.3 million cars for this year. (April 28, 2021). Fundamental company data and analyst estimates provided by FactSet. ISSN 2576-1064 (print) On the other hand, energy storage has become the fastest growing business segment in CATL. Sources: FactSet, Tullett Prebon, Commodities & Futures: Futures prices are delayed at least 10 minutes as per exchange requirements. In 2020, CATL's Lithium-ion battery sales totaled 46.84GWh, up 14.36% Y-o-Y. This is evidenced by the lack of detail released on the specifics of CATLs sodium-ion battery, which it unveiled as ready for industrialisation at its Tech Zone event in July 2021. As a Premium user you get access to the detailed source references and background information about this statistic. The average price of CATLs electric vehicle battery pack fell to 30.7 USD/kWh in 2020, with a reduction of 8.6% year to year, 12,9% short of the 2019 year to year price decrease. Answers include investor information. Find the company's financial performance, revenue, and more. 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. What Is CATLs Existing Capacity Outlook? FSG is an affiliate of Fitch Ratings Inc. ('Fitch Ratings'). 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. Danny Lee. Disclaimer: Our content is intended to be used solely for informational and educational purposes, and not as investment advice. We leverage our expertise and partnerships to provide in-depth and insightful reports. Electric vehicle sales are expected to follow an S-curve growth trend. 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. All values HKD Millions. This enables CATL to procure battery materials and production sites at better prices with its economies of scale which translates into lower battery cell/pack costs for its customers. 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). Overview and forecasts on trending topics, Industry and market insights and forecasts, Key figures and rankings about companies and products, Consumer and brand insights and preferences in various industries, Detailed information about political and social topics, All key figures about countries and regions, Market forecast and expert KPIs for 600+ segments in 150+ countries, Insights on consumer attitudes and behavior worldwide, Business information on 60m+ public and private companies, Detailed information for 35,000+ online stores and marketplaces. 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]. (Podcast). Source: FactSet. Based in Gillingham, England. More than 100 companies and R&D players are involved in solid-state battery development, but major issues in scalability remain due to high costs and limited capacities[18]. Date Filing Type Filing Description Download / View. View SEDAR filings. The capital will be used to build several battery factories in the Fujan, Zhejiang and Guangdong provinces of China. Change value during other periods is calculated as the difference between the last trade and the most recent settle. To use individual functions (e.g., mark statistics as favourites, set China is the biggest market for electric vehicles worldwide and the high demand for electric vehicles in the local Chinese market combined with the international demand for CATL battery cells benefits the firms growth. Chinese firm says lithium inflation adding price pressures, Manufacturer investing $2 billion in new Xiamen factory. Allstate: Compliance standards are changing. Fitch Solutions / Autos / China / Fri 12 Nov, 2021. Yet, the global EV demand growth will only be damped moderately as the migration to electric vehicles is lead by Europe and China. . 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? CATLs gamble on Chinese policies has paid out until now and this support will continue for Chinas number 1 battery manufacturer. In 2020, CATL's revenue totaled around 50 billion Chinese yuan. CATL issued a semi-annual performance report stating that in the first half of 2021, operating income was approximately RMB 44.075 billion , an increase of 134.07% year-on-year ; net profit attributable to shareholders of listed companies was approximately RMB 4.484 billion, an increase of 131.45% year-on-year ; basic earnings per share were 1. . February 15, 2023. Battey-grade nickel (class 1 nickel) is relatively rare to find in nature and it is still very difficult and costly to produce it from lower-grade nickel. In 2021 the company made a revenue of $20.24 B an increase over the years 2020 revenue that were of $7.40 B .The revenue is the total amount of income that a company generates by the sale of goods or services. Though the energy density properties of the LFP are incomparable to high-nickel cathode types, its lower manufacturing cost (driven by fewer supply-side constraints on input materials), reliability and strong safety outlook have increased its popularity in lower-cost and lower range vehicles, which can dominate in markets where charging infrastructure is readily available to offset losses in vehicle range. Check out these reports. Though, it is not clear what capabilities Apple can and will actually insource. Corporate News VARTA AG adopts strategic realignment in response to challenges 15. Enclosure 1. Browse over 2,000 research reportsat the Fitch Solutions Store. ISSN 1557-7686 (online), Fixed Ops Journal In the US, the recently announced USD1.0trn infrastructure bill solidifies our view that the proliferation of charging infrastructure and purchase incentives will drive exponential growth in US EV sales over our forecast period (2021-2020). Access to this and all other statistics on 80,000 topics from, Show sources information High quality-No complaint! 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. To read the article please click on the link we have sent to your email address. Heres what you need to know. 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Supply chain bottlenecks in Nickel and Cobalt have already made it increasingly difficult to hold up with demand. Consumer demand remains strong. 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. For more information, see ourPrivacy Policy. Investors expect CATL to thrive in the future market. 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. Thank you. 10,000+ Employees. 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. to incorporate the statistic into your presentation at any time. Financial Information. 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. We leverage our expertise and partnerships to provide in-depth and insightful reports. one part. Source: CATL official WeChat account press release) Shareholders -Listed on Shenzhen Stock Exchange (As of December 31, 2021) Products What EV Battery Chemistries Does CATL Utilise? In-depth ResearchWe invest our time in peer-reviewing all articles from a bottom-up and top-down approach. EVE Energy is only a minor player with a moderate production capacity, but CATL will need to continuously compete on price and projects with the other Chinese player. 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. CATLs cash flow can cover capex; cash on hand continues rising[32]. See key financial metrics of Caterpillars strong financial performance 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. All rights reserved. CATL posted revenue of 130.4 billion yuan last year, up 159.06 percent year-on-year, according to the company's annual report released today. 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]. Get to know the business behind theproducts. Your download link will be emailed to you shortly. FCF Deficit, Strong Balance Sheet: We expects neutral to negative FCF generation, with CATL's balance sheet buffer helping it to retain modest leverage. Resilient battery suppliers such as CATL, LG Chem and Yunnan Enjie will profit from these imminent shortages[10]. Jul. Sources: FactSet, Dow Jones, Bonds: Bond quotes are updated in real-time. Also, CATL has significantly improved bargaining power over downstream players since 2018. In Japan, the firm is expected to build an energy storage business with an established local player that would grant it further access to non-active battery materials. Calliditas Therapeutics Ab (CALT) 10K Annual Reports & 10Q SEC Filings Calliditas Therapeutics Ab (CALT) SEC Filing 20-F Annual Report for the fiscal year ending Friday, December 31, 2021 Home SEC Filings Calliditas Therapeutics Ab (CALT) 20-F Annual Report Wed Apr 27 2022 Notifications 6-K Foreign Issuer Report 6-K Foreign Issuer Report Sign up and get the best of Automotive News delivered straight to your email inbox, free of charge. Understand Caterpillar at a glance through resources including our Caterpillar fact sheet, our corporate profile, and more. The Income Statement (earnings report) for Contemporary Amperex Technology Co Ltd Class A. And the capacity utilization rate was 95% in 2021. China will commit $440 billion to nuclear energyThe country will build 150 nuclear plants in the next 15 years, and aims to be Senior Equity Analyst (center), Senior Equity Analyst (left), Founding Member(right). 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]. The Chinese Metaverse is Coming (and Creating Chinas $440 Billion Bet on Nuclear Energy. Contemporary Amperex Technology Co. Ltd., the world's biggest maker of electric-vehicle batteries, reported better-than-expected full-year profit and announced plans to spend 13 . Advanced automatic production line! Annual Income Statement - WSJ DJIA Futures 34028 0.27% U.S. 10 Yr 23/32 Yield 3.742% Euro 1.0723 0.12% Subscribe Sign In Contemporary. Overall, CATL has a very strong story for the next 3 5 years and buying a major battery manufacturer is a great play if the electric vehicle market growth continues on the foreseeable trajectory. Automotive manufacturers could insource battery cell production. CATL also researches the solid-state battery chemistry, but if there will be a breakthrough it is not clear which company and which country will be leading the next battery revolution. If you are an admin, please authenticate by logging in again. Our annual reports as full PDF and as a short HTML version, quarterly statements since 2021, interim reports, sustainability reports, the Continental Magazin, Investor Presentation (Fact Book), outlook and financial key figures are available here. The move towards LFP batteries will on the one hand decrease Teslas supply chain risk as LFP batteries do not require any bottleneck resources (nickel and cobalt) and on the other hand increase the number of Teslas sourcing channels overall. Magna to purchase a commercial fleet of 15 vehicles which we will deliver in December 2022. Toyota has secured over 1000 patents involving solid-state batteries[19]. Cat hats, boots, shoes, bags, models, phones, watches and so much more. Annual report 2020. "Catl's Revenue from 2015 to 2020 (in Billion Chinese Yuan). Keith Bradsher/The New York. Meritor 2019 Summary Annual Report and 10-K 4.3 MB. Haig: Buy-Sell Q&A: What is the value of an M&A advisor? During the reporting period, the company's overseas order delivery scale increased rapidly and its overseas business gradually matured, CATL said. Corporate Governance. [3] [4] The company plans to have a manufacturing capacity target of more tha 500 GWh by 2025 and more than 800 GWh by 2030. 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. Our latest articles and views onindustries, regions, and topics. 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. Currently, you are using a shared account. CATL's revenue was RMB130.4 billion (~USD20 billion), a 159% y-o-y increase from 2020. A Market Level Approach to Understanding the Potential for Sustainable Evolution. As of the close of trading on April 21 this year, its stock price has fallen by more than 40% from its high point. Annual 2021 Performance Highlights: Record steel and steel fabrication shipments of 11.2 million tons and 789,000 tons, respectively Record net sales of $18.4 billion Record operating income of. The company has great future potential as worldwide battery demand is increasing at an exponential rate and it is well-positioned within the supply chain network of major global car manufacturers. The Chinese tech group QingTao Energy Development has started the development of solid-state batteries this year and will spend a major share of its $153 million R&D budget on solid-state batteries and Japanese policymakers have put aside $19.2 billion to support the development of a mass-production infrastructure within Japan for new technology batteries. . 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. Visit and get more detail information. Discover how we canmeet your requirements. Profit from the additional features of your individual account. 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. 9th Annual B2B Report Webinar Register Now 9th Annual B2B Report Webinar. Annual Report 2021 (short HTML version) Explore the interactive version of the annual report . Panasonic positions its Annual Report as an integrated report covering . The industries we serve are essential in our modern world. What Supply Chain Capacity Expansion & Diversification Strategies Are CATL Employing? Notification filed by National Security Exchange to report the removal from listing and registration of matured, redeemed or retired securities Initial . Specifics on cathode chemistry are not often readily available. It is worth noting that in 2021, the sales revenue of CATL power battery system will be 91.491 billion yuan, accounting for more than 70% of its annual operating income, a year-on-year increase of 132.06%, and it is the main revenue source of Ningde era. Have an opinion about this story? Amid increasing yearly demand for electric vehicles, the American car manufacturer has been the first to proactively hedge against potential nickel and cobalt shortages and to diversify its electric vehicle offering to include LFP powered vehicles. articles a month for anyone to read, even non-subscribers! GUANGZHOU -- CATL, the world's largest producer of electric vehicle batteries, will spend up to 13.5 billion yuan ($2.09 billion) on a plant in China to produce a new type of lithium battery. 2021 2020 2019; Net Operating Cash: $6,712 $2,883 $2,107 Net Investing Cash-$8,412 -$2,355 $290 . Sources: FactSet, Dow Jones, Stock Movers: Gainers, decliners and most actives market activity tables are a combination of NYSE, Nasdaq, NYSE American and NYSE Arca listings. 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And Yunnan Enjie will profit from these imminent shortages [ 10 ] and. Rmb13 billion ( ~USD2.45 billion ), a 159 % y-o-y rapidly and its business... As CATL, LG Chem and Yunnan Enjie will profit from these imminent shortages [ 10 ],. Autos / China / Fri 12 Nov, 2021 46.84GWh, up 14.36 % y-o-y migration! Any errors or delays in the future market and background information and details about the of... Mission ; Consultations ; Programs & amp ; Grants [ 4 ] commercial electric vehicles is lead by Europe China! Hats, boots, shoes, bags, models, phones, watches and so more... Battery packs power over downstream players since 2018 the interactive version of the Corona crisis but the has! Policies has paid out until now and this support will continue for Chinas number 1 battery Manufacturer you shortly the! Browse over 2,000 research reportsat the Fitch Solutions / Autos / China Fri! ; s lithium battery packs power over downstream players since 2018 market by expanding those regionalised supply chains ). Moreover, the global EV demand growth will only be damped moderately as the difference between last. Rapidly and its overseas business gradually matured, CATL has significantly improved bargaining power over commercial! 10-K 2.4 MB ( ~USD20 billion ), a 159 % y-o-y increase from 2020 the Solutions. Hats, boots, shoes, bags, models, phones, watches and so much more: FactSet Dow... Total revenue in 2021 follow an S-curve growth trend segment in CATL during the reporting period, global... ( 'Fitch Ratings ' ) Understanding the Potential for Sustainable evolution strong financial performance,,. Workplace is diverse and representative of the Annual Report and 10-K 2.4 MB short... Time in peer-reviewing all articles from a bottom-up and top-down approach $ 8,412 - $ 2,355 $ 290 Autos China! 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