Our data is gathered from Capital IQ, DataYes, and trusted news sources. 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. 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. As Apple plans the production of battery packs on US soil, it is looking for partners that can supply battery pack components. Sign up and get the best of Automotive News delivered straight to your email inbox, free of charge. The capital will be used to build several battery factories in the Fujan, Zhejiang and Guangdong provinces of 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. One Chinese yuan was approximately equal to 0.141157 U.S. dollars on April 22, 2020. For more information, see ourPrivacy Policy. Looking for information on your own credit? A commercially viable solid state-battery technology could disrupt the battery industry. 10,000+ Employees. The aggregate market value of voting stock held by non-affiliates of the registrant, as of June 30, 2021, the last day of the registrant's most recently completed second fiscal quarter, was $ 541.28 billion (based on the closing price for shares of the registrant's Common Stock as reported by the NASDAQ Global Select Market on June 30, 2021). CATL holds significant and long-term battery supply contracts with major auto OEMs, including BMW, Daimler, PSA and VW. Data are provided 'as is' for informational purposes only and are not intended for trading purposes. Why? Meritor 2017 Summary Annual Report and 10-K 4.2 MB. All rights reserved. CATL didnt disclose additional details about its 2021 performance. Data may be intentionally delayed pursuant to supplier requirements. The Chinese Metaverse is Coming (and Creating Chinas $440 Billion Bet on Nuclear Energy. Annual Report. Visit and get more detail information. On Thursday, Chinese battery giant CATL released its 2021 annual report. It is understood that CATL has launched in-depth cooperation with Tesla, Hyundai, Ford, Mercedes-Benz, Great Wall, Ideal, Weilai and other car companies in terms of power batteries. Why Chinese tech Giants are embracing the Metaverse despite state media warnings. 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. Contemporary Amperex Technology Co. Ltd., the worlds biggest maker of electric-vehicle batteries, reported better-than-expected full-year profit and announced plans to spend 13 billion yuan ($2 billion) on a new factory in China. And the capacity utilization rate was 95% in 2021. CATL, whose clients also include Volkswagen (VOWG_p.DE), General Motors (GM.N), BMW (BMWG.DE) and Daimler (DAIGn.DE) as well as Chinese. 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]. An electric car factory run by a Chinese company, Nio, in Hefei, China. This report from Fitch Solutions Country Risk & Industry Research is a product of Fitch Solutions Group Ltd, UK Company registration number 08789939 ('FSG'). 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. . CATLs 2021 net profit will range from 14 billion yuan ($2.2 billion) to 16.5 billion yuan, the Shenzhen-listed company said this week. Resilient battery suppliers such as CATL, LG Chem and Yunnan Enjie will profit from these imminent shortages[10]. Thank you. There are big jobs to be done worldwide, and that work is powered by our people. 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). Its unrestricted cash and cash equivalents to short-term borrowings have a ratio of 8 to 1. The first phase, which has now started, is said to have a capacity of 60 GWh per year. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. FSG is solely responsible for the content of this report, without any input from Fitch Ratings. Worldwide electric car sales topped 2.3 million sales in 2019 (2.7% of 85 million cars sold) and 3.3 million in 2020 (4.7% of 70 million cars sold [1], [2]. 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. CATL has already commenced production of its first overseas factory in central Germany. 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. Reports indicate that CATL is seeking to capitalise on opportunities to build supply chain resilience in the East and South-East Asian regions. CATL released its 2021 annual report on the evening of 21st April 2022. Explore knowledge that cuts throughthe noise, with award-winning data,research, and tools. Our data is gathered from Capital IQ, DataYes, and trusted news sources. 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 . Please create an employee account to be able to mark statistics as favorites. 86 379 68658029. 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. Keith Bradsher/The New York. Looking back at the last five years, CATLs net income peaked in Q4 2020 at 333.97 million USD. 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. Panasonic positions its Annual Report as an integrated report covering . Click here for "Analysis Report: Lithium-Ion Battery (Chinese Market) -In 2021, CATL was No. CATL , the world's largest electric vehicle (EV) battery manufacturer, reported a 23.6% drop in the first quarter profit on Friday, its first fall in two years, as it battles soaring raw material . Year 2021 Semi Annual - Annual Download: Year 2020 Semi Annual - Annual Download: Year 2019 Semi Annual - Annual Download: Year 2018 Semi Annual - Annual . Current Chinese and EU politics impact the EV markets. Its operating cash flow has been significantly higher than net profit since 2018. The firm's net profit was 15.931 billion yuan, a year-on-year increase of 185.34%. Show publisher information 603993@cmoc.com. According to CATL 's latest financial reports the company's current revenue (TTM) is $39.87 B . Accessed March 01, 2023. https://www.statista.com/statistics/875511/revenue-of-catl/. Were committed to building a better, more sustainable world. Caterpillars governance structure provides leadership, accountability, and transparency to the management of the company. CSI/CATL's lithium battery packs power over 330,000 commercial electric vehicles. Annual Reports and Form 56-1. Who We Are What We Do Sustainability Corporate Governance . Profit from the additional features of your individual account. 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]. Rich Experience in R&D and production of more than 12 years! Our latest articles and views onindustries, regions, and topics. Subsequently, the stock price of Ningde era corrected. Click here to submit a Letter to the Editor, and we may publish it in print. Find the company's financial performance, revenue, and more. EBITDA development 1 (MUSD)-4-13 2018. Net profit totaled 5.58 billion yuan (about 861 million U.S. dollars) last year, a year-on-year rise of 22.4 percent, CATL said in its annual report filed with the Shenzhen Stock Exchange. On April 21, the lowest share price of CATL was 398.90 yuan per share, the lowest since June last year. The central government encouraged cities to relax car permit quotas complemented by strengthening targeted New Energy Vehicle measures in 2020. 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. 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. . CATL has strong liquidity. one part. 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]. In 2020, CATL's Lithium-ion battery sales totaled 46.84GWh, up 14.36% Y-o-Y. 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). Always do your research and consider your personal circumstances before making investment decisions. 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. OEM&ODM custom services! Magna to purchase a commercial fleet of 15 vehicles which we will deliver in December 2022. 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. This means that based on current projections, CATL would host more capacity on its own than the US and Europe combined. CATLs strategic vision is to utilize electrification and intelligentization to realize integrated innovation of market applications, utilize EV batteries to replace mobile fossil energy and utilize renewable energy generation and energy storage to replace stationary fossil energy[6]. This year's Annual Report is published in a series of two parts to provide up-to-date information. The company added that its operating cost between January and June 2022 . April 28, 2021. 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. International stock quotes are delayed as per exchange requirements. We highlighted the trend of regionalising supply chains in 2020, and expect CATLs strategy for its key market (China) to follow this trend, integrating as much regional upstream activity as possible. Nickel prices have rallied over the past year and competition over secure, long-term supply becomes increasingly fierce. We leverage our expertise and partnerships to provide in-depth and insightful reports. Please do not hesitate to contact me. We meet customers where they are with our tailored solutions. Our team offers customer-focused services and technology. What Is CATLs Existing Capacity Outlook? [Online]. To inform and empower current and future business leaders by providing the insights, knowledge and connections they need to thrive in a rapidly changing industry. This high P/E ratio indicates that investors are willing to pay a higher share price today because of growth expectations in the future. We expect worldwide EV sales to fall between 4 million and 4.3 million cars for this year. Apple is talking about building advanced battery production factories in the USA in the process of onshoring supply chains. 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Political tension could worsen between China and the Western world, Although Biden is in the White House now as the President of the United States of America, the relationship between the two superpowers remains delicate and new American sanctions have the potential to seriously hurt multinational companies such as CATL. NIO's move is aimed at reducing its reliance on suppliers such as CATL . The firms yearly income expenses, the amount of interest that the company has paid on its borrowed money, has more than quadrupled in 2019 and 2020 compared to 2018 and 2017. What Supply Chain Capacity Expansion & Diversification Strategies Are CATL Employing? This cooperation with Apple offers great potential for CATL to secure future growth and integrate themselves long term within the US market[11]. 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%. 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]. Discover how we canmeet your requirements. Expert analysis of opportunities and risks across emerging and frontier markets. However, while. 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. Understand Caterpillar at a glance through resources including our Caterpillar fact sheet, our corporate profile, and more. 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. 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]. Annual Securities Report, etc. Furthermore, CATL said its basic earnings per share in H1 2022 was 3.5233 yuan, a jump over the 1.9416 yuan for H1 2021. Key Points To read the article please click on the link we have sent to your email address. The batteries for Nios leasing service will be supplied by a company established by Chinese battery makers including leader Contemporary Amperex Technology Co Ltd[12]. Panasonic Corporation today reported its consolidated financial results for fiscal 2021, the year ended March 31, 2021. Automotive manufacturers could insource battery cell production. 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. 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. View our current and historical quarterly and annual reports, annual information form, and management proxy circular. NISSAN: 2022 Pathfinder and 2022 Frontier. 18, 2022 at 8:34 a.m. The figures for 2016 through 2017 were taken from this article released in June 2018. "We remain committed to our strategy for long-term profitable growth, which is yielding strong results, and to living our Values in Action. The research and development of solid-state batteries are being pursued by a multitude of players in the world. 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. CATL is the world's largest EV battery manufacturer. The major companies in the market are Panasonic Corporation, LG Chem Ltd, Contemporary Amperex Technology Co. Ltd, Samsung SDI Co. Ltd, and BYD Co. Ltd. Supply Chain partner Tesla will be multisourcing LFP battery packs. CATL's sales to Tesla were RMB13 billion (~USD2 billion), accounting for 10% of CATL's total revenue in 2021. 1 in terms of market share of drive batteries for automobiles, with a 52% share of the market in China and 33% globally. 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. A Market Level Approach to Understanding the Potential for Sustainable Evolution. We expect CATL to continue to invest in production sites and integrating elements of the local supply chains in Europe. You need a Statista Account for unlimited access. 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. Challenges including high capital expenditure (capex) and environmental impact may slow down or even impede new nickel purification processes[8]. Worldwide EV sales to fall between 4 million and 4.3 million cars for this year are being pursued a... Sent to your email inbox, free of charge CATL released its performance! More capacity on its catl annual report 2021 than the US and Europe combined partners can! A Market Level Approach to Understanding the Potential for sustainable Evolution create an account. And South-East Asian regions packs on US soil, it is looking partners! 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