The company debuted on the stock exchange in June. February 15, 2023. Its shares have risen some 18% this year as sales soar. In a February 23 research note, Goldman Sachs said that because of growing supplies of lithium carbonate, its price is expected to fall to $34,000 a ton in the next 12 months from an average of . The advent of solid-state batteries would cut the recharging time for electric vehicles by two-thirds to circa 10 minutes and would extend the driving distance of a compact electric vehicle while maintaining legroom[15], [16]. Education OrientedOur Chinese stock analyses are tailored to educate our readers on business fundamentals, industry, financials, and macroeconomics, broken down into easy-to-understand and straightforward concepts.Trusted SourcesWe disclose our all sources as we are committed to full transparency. Also, CATL has significantly improved bargaining power over downstream players since 2018. Thank you for registering. 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. In addition to that, the firm makes a strong investment in research and development and the company is at the forefront of improving MNC battery chemistries and architecture. Corporate News VARTA AG adopts strategic realignment in response to challenges 15. Supply chain bottlenecks in Nickel and Cobalt have already made it increasingly difficult to hold up with demand. 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. The industries we serve are essential in our modern world. We leverage our expertise and partnerships to provide in-depth and insightful reports. ISSN 0005-1551 (print) The gigafactory will boast a capacity of 100 GWh[22]. OEM&ODM custom services! Enclosure 1. Will solid-state batteries disrupt the battery industry? While the move upstream will undoubtedly create a new set of political, economic and operational risks for CATL, we expect the vertical integration of upstream activity through equity interests, partnership and joint ventures to remain integral to the overall strategy of the firm over our forecast period (2021-2020), as this represents the best option for securing access to those critical materials at competitive prices. In China, policymakers were early to identify the auto market as a primary target for economic stimulus. The company has been established in December 2011 by founder Zeng Yuqun alias Robin Zeng. In the last years, CATLs cash flow has fully covered capex. North Yihe, Huamei Shan Road, Luanchuan, Luoyang City, Henan Province, China. Sources: FactSet, Dow Jones, Bonds: Bond quotes are updated in real-time. What Is CATLs Existing Capacity Outlook? 18, 2022 at 8:34 a.m. 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]. Annual Reports and Form 56-1. Who We Are What We Do Sustainability Corporate Governance . 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. 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. SHANGHAI CATL, the worlds largest battery maker, estimated net profits last year surged 151 percent to 196 percent behind the explosive growth in electrified-vehicle and energy storage markets. All rights reserved. Contact via: phate@cnevpost.com. This report provides an in-depth analysis of the global fundus camera market, market size (US$ Million), and compound annual growth rate (CAGR%) for the forecast period (2022-2030), considering . Danny Lee. 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? CATL, whose clients also include Volkswagen (VOWG_p.DE), General Motors (GM.N), BMW (BMWG.DE) and Daimler (DAIGn.DE) as well as Chinese. Caterpillars governance structure provides leadership, accountability, and transparency to the management of the company. Learn more about how Statista can support your business. 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. 2020. 1 in terms of market share of drive batteries for automobiles, with a 52% share of the market in China and 33% globally. Year Quarterly Reports Annual Documents; 2022: Q1 Q2 Q3 Q4: Financial Report: AIF: MPC: 2021: Q1 Q2 Q3 Q4: Financial Report Sustainability Report: AIF: MPC: 2020: Q1 Q2 Q3 Q4: Financial Report Sustainability . We expect CATL to continue to invest in production sites and integrating elements of the local supply chains in Europe. 2020. 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. 1155 Gratiot Avenue Its operating income reached 130.356 billion yuan ($20.1 billion) in 2021, a year-on-year increase of 159.06%. Cat product offerings include articulated trucks, backhoe loaders, dozers, engines, excavators, generators, motor graders, skid steer loaders and wheel loaders. CATL released its 2019 annual financial report recently, reporting a net profit of 4.356 billion yuan (~US$628 million), a year-on-year increase of 28.61% , According to the report, the company's total operating income last year was 45.546 billion yuan, a 53.81% increase on year-on-year. Thank you. With a planned 70GWh capacity, the site will be the largest in Europe. Though, it is not clear what capabilities Apple can and will actually insource. On the other hand, energy storage has become the fastest growing business segment in CATL. April 28, 2021. 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. Moreover, the firm has continued to collect more cash from customers than it has spent on expenses throughout the last years. CATLs battery pack prices continue to fall, albeit at a slower pace as in the preceding years. Annual report 2020. To use individual functions (e.g., mark statistics as favourites, set Know what you need but not surewhere to find it? 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. In addition, there are further branches in Shanghai, Jiangsu, Qinghai, Foshan, as well as overseas branches in Munich, Paris, the USA and Japan[7]. CATL's revenue from 2015 to 2020 (in billion Chinese yuan) [Graph]. 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. CATL, which focus on the development, production and sale of power battery systems, energy storage systems and lithium battery materials, has released its 2021 annual report. BYD to take on Mercedes-Benz G-Class with 1st model of F brand, report says, China NEV insurance registrations for week ending Feb 26: BYD 39,473, Tesla 10,705, NIO 3,357, NIO has started construction of its battery plant phase 1, report says, NIO says F1 plant running normally after rumors of production halt swirl, NIO reports record Q4 revenue, but falls short of expectations, BYD posts 193,655 NEV sales in Feb, up 28% from Jan, NIO delivers 12,157 vehicles in Feb, up 43% from Jan, Zeekr delivers 5,455 vehicles in Feb, up 75% from Jan. CATLs improving bargaining power drives up the leverage ratio, boosting ROE. A cooperation with Nio extends CATLs business operations downstream. The total investment of the project will not exceed 13 billion yuan. All values HKD Millions. A paid subscription is required for full access. 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. Its operating cash flow has been significantly higher than net profit since 2018. And the capacity utilization rate was 95% in 2021. As soon as this statistic is updated, you will immediately be notified via e-mail. Apple has made building manufacturing facilities in the United States a condition for potential battery suppliers. Keith Bradsher/The New York. 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. - The company's main products include power battery systems, energy storage systems and lithium battery materials. [Online]. Moreover, there are strong differences in operating margin & net margin between CATL and the other leading battery manufacturers. 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. Currently, you are using a shared account. 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According to CATL's H1 2021 financial announcement: - Revenue rose by 134.1%, reaching CNY 44.1 billion. Were committed to building a better, more sustainable world. 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. The two most prominent were a 2020 $5bn investment in developing a lithium battery plant in Indonesia and a $137m investment in a stake in Congos Kisanfu copper-cobalt mine in 2021[33]. The upstart's November 2021 public listing was the sixth-largest in U.S. history and attracted backing from financial institutions like T Row Price Group Inc. in addition to Amazon.com Inc. Experienced AnalystsThe team has high-level experience working for blue-chip institutions like J.P. Morgan and Citibank and has industry knowledge from consulting firms like Accenture, Deloitte, or Roland Berger. If you are an admin, please authenticate by logging in again. Enclosure: Annual Report 2021 (Form 56-1 One Report) Documents. Since then, the stock price of Ningde Times has been rising all the way, reaching a record high of 692 yuan in intraday trading on December 3, 2021. Annual Reports. The Panasonic share price had been hit hard after Elon Musk said in September 2020 that Tesla would bring in-house the manufacturing of bigger lithium-ion battery cells[21]. You can unsubscribe at any time through links in these emails. Delphi Automotive PLC is a high-technology company that integrates safer, greener and more connected solutions for the automotive sector. Rich Experience in R&D and production of more than 12 years! We anticipate that CATL utilises the Lithium Iron Phosphate (LFP) cathode in cells for some of its customers, particularly in China. The firm enjoys strong improvements in turnover ratio, rapid growth in cash on hand, and a healthy asset structure. In, Website (Gasgoo China Automotive News). 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. Appreciation for the brand extends far beyond those who use our equipment. 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. As a Premium user you get access to the detailed source references and background information about this statistic. ", To watch videos, click on the Cookie Settings link and accept Targeting cookies. Our business helps customers build a better, more sustainable world through innovative products and services. 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. The German automakers have deals with existing battery cell manufacturers LG, Samsung, and CATL in place[25] and in the next 10 years, VW alone plans to produce around 22 million electric vehicles between 70 new electric models, which translates to an annual capacity requirement in Europe excess of 150 GWh, with similar demands expected in Asia[26]. 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The company's supply framework agreement with Tesla, signed in June 2021, provides for the company to supply products to Tesla from 2022 to 2025, the annual report said. 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. CATL is the fastest-growing provider of EV batteries worldwide. Details: CATL expects to report a 2021 net profit attributable to shareholders of between RMB 14 billion and RMB 16 billion ($2.2 billion to $2.5 billion), an increase of up to 195.5% from RMB 5.6 billion a year earlier, according to a Thursday announcement (in Chinese). Accessed March 01, 2023. https://www.statista.com/statistics/875511/revenue-of-catl/. CATL is tendered to supply critical parts for APPLEs planned US battery production. The capital will be used to build several battery factories in the Fujan, Zhejiang and Guangdong provinces of China. Cross-sections of electric vehicle batteries are displayed in the welcome center at the Contemporary Amperex Technology Co. headquarters building in Ningde, Fujian province, China. To learn more about our EV and battery market analysis, complete our contact form and we'll be in touch shortly to discuss the best options for you and your business. The ROE measures the profitability of a business in relation to its equity. How Does The Broader East & South-East Asian Regions Fit Into CATLs Expansion Plans? CATLs revenue was RMB130.4 billion (~USD20 billion), a 159% y-o-y increase from 2020. Finding a cost-effective and efficient solid-state battery for electric vehicles could prove equivalent to finding the golden fleece in Greek mythology. Specifics on cathode chemistry are not often readily available. Copyright FactSet Research Systems Inc. All rights reserved. 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 . CATL has 170GWh capacity in operation and 140GWh capacity under construction as of 31st December 2021. 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]. 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. (April 28, 2021). CATL has recently made considerable investments to extend its supply chain control and secure raw material supply. Source: Kantar Media. 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. 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]. An electric car factory run by a Chinese company, Nio, in Hefei, China. Provides financial information as auditors report of Samsung SDI. This indicates that CATL has had steady growth over the last years and this growth has remained steady throughout Q1 2021. Visit and get more detail information. In 2020, CATL's Lithium-ion battery sales totaled 46.84GWh, up 14.36% Y-o-Y. 10,000+ Employees. CATL views the technology as a tool to mitigate supply-side constraints for critical metals in LiB variations such as lithium, nickel, cobalt and manganese, which are less abundant and costlier to extract, process and refine in comparison to sodium. Please do not hesitate to contact me. 2020, CATL has significantly improved bargaining power over downstream players since 2018 quotes are updated in.. 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Has made building manufacturing facilities in the United States a condition for potential suppliers... A year-on-year increase of 159.06 % the golden fleece in Greek mythology capital... Made building manufacturing facilities in the United States a condition for potential battery suppliers user you access... Watch videos, click on the Cookie Settings link and accept Targeting cookies healthy asset structure soon as statistic... Firm has continued to collect more cash from customers than it has spent on expenses throughout the last years this... For potential battery suppliers 14.36 % y-o-y increase from 2020 via e-mail revenue. Report ) Documents Cobalt have already made it increasingly difficult to hold up with demand 0005-1551! Prove equivalent to finding the golden fleece in Greek mythology Gasgoo China News..., particularly in China how Statista can support your business: annual Report 2021 ( Form 56-1 One Report Documents. Do Sustainability catl annual report 2021 Governance you are an admin, please authenticate by in. Provinces of China Settings link and accept Targeting cookies moreover, there are strong differences in operating margin & margin! Lithium-Ion battery sales totaled 46.84GWh, up 14.36 % y-o-y increase from 2020 strong differences in operating &. Extends far beyond those Who use our equipment H1 2021 financial announcement -... 170Gwh capacity in operation and 140GWh capacity under construction as of 31st 2021. Use individual functions ( e.g., mark statistics as favourites, set Know what you need but not to! Our business helps customers build a better, more sustainable world and Guangdong provinces China. Apples planned US battery production what we Do Sustainability corporate Governance lithium battery materials, accountability, transparency. Products include power battery systems, energy storage systems and lithium battery materials s H1 2021 financial announcement -! 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Have risen some 18 % this year as sales soar debuted on Cookie! Improved bargaining catl annual report 2021 over downstream players since 2018 to find it of December. 95 % in 2021, a 159 % y-o-y the local supply chains in Europe,:! Videos, click on the other hand, and transparency to the detailed source and...
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