ET by Barron's Autos NIO Stock Slumps After Short-Seller Questions Battery Sales. 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. 2021 2020 2019 2018 2017 5-year trend; Sales/Revenue: 256,840: 173,547: 143,075: 151,502: 120,596 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. CATL is the fastest-growing provider of EV batteries worldwide. View SEDAR filings. 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. It remains to be seen what the Tesla CATL partnership will mean for the global battery market. Accessed March 01, 2023. https://www.statista.com/statistics/875511/revenue-of-catl/. 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. We disclose our all sources as we are committed to full transparency. 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). 2022 ChineseAlpha.com - All rights reserved. As the biggest lithium-Ion battery producer in China, CATL is likely to fulfill a large part of Teslas new LFP battery demand, but not all. Why? The firm's net profit was 15.931 billion yuan, a year-on-year increase of 185.34%. Meritor 2017 Summary Annual Report and 10-K 4.2 MB. Moreover, there are strong differences in operating margin & net margin between CATL and the other leading battery manufacturers. November 2022 PDF (157.66 KB) The firm's net profit was 15.931 billion yuan, a year-on-year increase of 185.34%. That sounds like all the Chinese tech Giants are going Key Points CATL's revenue from 2015 to 2020 (in billion Chinese yuan) [Graph]. 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. Click here for "Analysis Report: Lithium-Ion Battery (Chinese Market) -In 2021, CATL was No. The central government encouraged cities to relax car permit quotas complemented by strengthening targeted New Energy Vehicle measures in 2020. Sign up and get the best of Automotive News delivered straight to your email inbox, free of charge. With a planned 70GWh capacity, the site will be the largest in Europe. 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. 25-NSE. 11,30% is a very respectable ROE for the industry. What Is CATLs Existing Capacity Outlook? FSG is solely responsible for the content of this report, without any input from Fitch Ratings. As of the close of trading on April 21 this year, its stock price has fallen by more than 40% from its high point. . 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. Automotive manufacturers could insource battery cell production. 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. "CATL's revenue from 2015 to 2020 (in billion Chinese yuan)." For more information, see ourPrivacy Policy. 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]. Please do not hesitate to contact me. Most data is reported in the aggregate, in keeping with the Center's values of confidentiality and formative support; however, we also try to . Annual Reports and Form 56-1. Who We Are What We Do Sustainability Corporate Governance . The industries we serve are essential in our modern world. 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. 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. NISSAN: 2022 Pathfinder and 2022 Frontier. Corvus Energy. 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. How Does The Broader East & South-East Asian Regions Fit Into CATLs Expansion Plans? In Indonesia, CATL is planning to invest over USD5.0bn in the exploration of lithium and nickel projects. Our team offers customer-focused services and technology. 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. 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]. 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. The headquarters are located in Ningde in Fujian Province. What EV Battery Chemistries Does CATL Utilise? Were committed to building a better, more sustainable world. 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. An electric car factory run by a Chinese company, Nio, in Hefei, China. FSG is an affiliate of Fitch Ratings Inc. ('Fitch Ratings'). We meet customers where they are with our tailored solutions. Apple is talking about building advanced battery production factories in the USA in the process of onshoring supply chains. 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. Download 2021 Annual Report Download PDF Sustainability We're committed to building a better, more sustainable world. If the status quo holds, most of the technology relating to automotive performance will depend on the established major Chinese battery manufacturers (CATL, BYD, Guoxuan and Lishen Battery) and the lions share on the largest Chinese battery producer, CATL. Caterpillar Reports Fourth-Quarter and Full-Year 2021 Results Fourth-quarter 2021 sales and revenues up 23%; full-year sales and revenues up 22% Fourth-quarter 2021 profit per share of $3.91; adjusted profit per share of $2.69 2021 profit per share of $11.83; adjusted profit per share of $10.81 FactSet (a) does not make any express or implied warranties of any kind regarding the data, including, without limitation, any warranty of merchantability or fitness for a particular purpose or use; and (b) shall not be liable for any errors, incompleteness, interruption or delay, action taken in reliance on any data, or for any damages resulting therefrom. CATLs improving bargaining power drives up the leverage ratio, boosting ROE. All rights reserved. In 2020, despite the COVID-19 epidemic, CATL still achieved above industry average operating revenue and net profit. 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. An all-time low of oil prices is on the horizon. 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. Toyota has secured over 1000 patents involving solid-state batteries[19]. Data shows that on May 31, 2021, the total market value of CATL exceeded one trillion yuan for the first time, becoming the first company with a market value of one trillion yuan on the ChiNext. 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. Our data is gathered from Capital IQ, DataYes, and trusted news sources. In total, we have over 20 sources to cross-verify. Details of Directors, Executive, Controlling Person, Person in charge of Finance and Accounting, Head of Controller and Company Secretary . All rights reserved. CATL released its 2021 annual report on the evening of 21stApril 2022. In the last years, CATLs cash flow has fully covered capex. CATL's revenue was RMB130.4 billion (~USD20 billion), a 159% y-o-y increase from 2020. 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. This indicates that CATL has had steady growth over the last years and this growth has remained steady throughout Q1 2021. NIO's move is aimed at reducing its reliance on suppliers such as CATL . 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If you are an admin, please authenticate by logging in again. Its shares have risen some 18% this year as sales soar. Find a list of Frequently Asked Questions (FAQs) about Caterpillar and our brands. 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. The market share of CATL has increased significantly to 32.60% from 24.60% in 2020, enhancing its leading position in the market. 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. Annual Report. Tesla will at least dual-source LFP battery packs and as of now also include another Chinese player, EVE Energy, in its supply chain. Corvus Energy. Moreover, the firm has continued to collect more cash from customers than it has spent on expenses throughout the last years. Annual report 2020. OEM&ODM custom services! Q3 2022 operating results consistent with company expectations; full-year total spending guidance at the low end of the $715 million to $790 million range. 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. Outstanding Services, Customer-Focused Team. Danny Lee. 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]. 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. Caterpillars governance structure provides leadership, accountability, and transparency to the management of the company. Supply chain bottlenecks in Nickel and Cobalt have already made it increasingly difficult to hold up with demand. Sources: FactSet, Dow Jones, ETF Movers: Includes ETFs & ETNs with volume of at least 50,000. Panasonic positions its Annual Report as an integrated report covering . How Will CATL Mobilise Resources To Capitalise On The Elevated Demand Outlook In The US & Europe? 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]. We anticipate that CATL utilises the Lithium Iron Phosphate (LFP) cathode in cells for some of its customers, particularly in China. In addition, there are further branches in Shanghai, Jiangsu, Qinghai, Foshan, as well as overseas branches in Munich, Paris, the USA and Japan[7]. Data are provided 'as is' for informational purposes only and are not intended for trading purposes. 22.6% . 1155 Gratiot Avenue 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. Any copying, republication or redistribution of Lipper content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of Lipper. "We remain committed to our strategy for long-term profitable growth, which is yielding strong results, and to living our Values in Action. This represents an increase of almost 11 percent compared with the previous year. And the capacity utilization rate was 95% in 2021. Copyright 2022 Rho Motion. Yes, I'd like to receive email communications on editorial features, special offers, research and events and webinars from Automotive News. ", To watch videos, click on the Cookie Settings link and accept Targeting cookies. 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. 2019. Get full access to all features within our Business Solutions. The CATL gigafactory will have a production capacity of 24 GWh and will create 2000 jobs by 2024[28]. The primary strategy appears to be to build capacity and resilience in their local market by expanding those regionalised supply chains. The electric vehicle battery market is moderately fragmented. Annual Securities Report, etc. Profit from the additional features of your individual account. 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]. Nickel prices have rallied over the past year and competition over secure, long-term supply becomes increasingly fierce. The battery pack price is continuing to fall as economies of scale, scope and learning come into play. Carol Massar and Tim Stenovec host a look back at the best interviews, discussions and more. Copyright Shenzhen Manly Battery Co., Ltd. All Rights Reserved. Expert analysis of opportunities and risks across emerging and frontier markets. Will solid-state batteries disrupt the battery industry? In total, we have over 20 sources to cross-verify. Meritor 2018 Summary Annual Report and 10-K 2.4 MB. In the past years the concept of the metaverse has become increasingly prevalent. While it is the leading supplier to customers in China, CATLs overseas sales have exploded in recent years. The giant released its 2021 Annual Report Preview on January 27: the company expects to achieve a net profit of 14 billion yuan to 16.5 billion yuan, with an increase of 150.75% to 195.52% year-on-year. Also with regards to Tesla, there is a silver lining for CATL and other battery manufacturers. 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. Panasonic Holdings Corporation. A Market Level Approach to Understanding the Potential for Sustainable Evolution. Annual Reports Meritor 2021 Summary Annual Report and 10-K 5.3 MB. Meet some of our key peopleand explore our credentials. The gigafactory will boast a capacity of 100 GWh[22]. Here's what Bloomberg had to report on the topic: Investors are looking to Rivian as a potential challenger to market leader Tesla Inc. 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%. Insight and analysis of top stories from our award winning magazine "Bloomberg Businessweek". (April 28, 2021). 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. CATL didnt disclose additional details about its 2021 performance. The Income Statement (earnings report) for Contemporary Amperex Technology Co Ltd Class A. 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. 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]. CATL released its 2021 annual report on the evening of 21st April 2022. ISSN 2576-1064 (print) Shareholders' Meeting. CATL is the world's largest EV battery manufacturer. Use Ask Statista Research Service. According to the company, in 2021, its market penetration rate in the fields of new energy vehicles and . 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. 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. [Online]. While granular details on existing capacity are not readily available, industry service electrive estimated CATLs production capacity at around 110 GWh in 2020, and indicates that the firm is looking to expand that global capacity to 230 GWh in 2021, 370 GWh in 2022, 540 GWh in 2023, 830 GWh in 2024 and 1,200 GWh in 2025. Partnerships with Apple and Nio are now in discussion and would offer great potential for CATL to secure future growth and the possibility to vertically extend their value chain positioning. The battery giant generated revenue of 50.32 billion yuan in 2020, up by 9.9 percent year on year. Provides financial information as performance announcement of Samsung SDI. February 15, 2023. 48207-2997, Automotive News April 28, 2021. Visit website. Corporate News VARTA AG adopts strategic realignment in response to challenges 15. 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. CSI/CATL's lithium battery packs power over 330,000 commercial electric vehicles. CATL. 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. Car Wars: Is a Rise in Service Leading to Poor Customer Satisfaction? CATLs R&D efforts have secured the firm a comparative advantage in the next-generation battery commercialization (i.a solid-state and lithium-silicon batteries). One Chinese yuan was approximately equal to 0.141157 U.S. dollars on April 22, 2020. (2021). 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). The companys net income for fiscal years 2017 to 2020 averaged 652.82 million USD. In addition to robust battery demand in EV and energy storage markets, CATL attributed the profit growth to expanded battery cell production capacity and stringent cost controls. About Panasonic Group . CATL has secured a spot in Teslas supply chain and is the first to provide the electric vehicle market leader with LFP (lithium iron phosphate battery) packs. There are big jobs to be done worldwide, and that work is powered by our people. Read corporate press releases and news announcements distributed by Caterpillar Inc. Our leaders are committed to supporting customers and driving profitable growth. 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]. sales@manlybatteries.cominfo@manlybatteries.com. Answers include investor information. Korean market research firm SNE Research said CATLs annual battery production capacity spiked 167 percent to 96.7 gigawatt hours in 2021. Learn more about how Statista can support your business. CATLs gamble on Chinese policies has paid out until now and this support will continue for Chinas number 1 battery manufacturer. Sales of power battery systems are 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). Looking back at the last five years, CATL's net income peaked in Q4 2020 at 333.97 million USD. 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. Sources: FactSet, Tullett Prebon, Commodities & Futures: Futures prices are delayed at least 10 minutes as per exchange requirements. Then you can access your favorite statistics via the star in the header. Chinese firm says lithium inflation adding price pressures, Manufacturer investing $2 billion in new Xiamen factory. 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. 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. Headquartered in Gillingham, U.K., Delphi operates technical centers, manufacturing sites and customer support services in 44 countries. On the other hand, energy storage has become the fastest growing business segment in CATL. Source: FactSet, Indexes: Index quotes may be real-time or delayed as per exchange requirements; refer to time stamps for information on any delays. CATL has recently made considerable investments to extend its supply chain control and secure raw material supply. 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). 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. What does the future have in store for China? 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. The popular discussions on solid-state batteries have brought development both in academia and industry. Enclosure 1. 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. statistic alerts) please log in with your personal account. 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]. Year 2021 Semi Annual - Annual Download: Year 2020 Semi Annual - Annual Download: Year 2019 Semi Annual - Annual Download: Year 2018 Semi Annual - Annual . Appreciation for the brand extends far beyond those who use our equipment. Fiscal year is January-December. 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 Advanced automatic production line! Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. 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 . Consumer demand remains strong. CATL has a very high P/E ratio compared to its direct competitors. 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. . 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. CATLs revenue was RMB130.4 billion (~USD20 billion), a 159% y-o-y increase from 2020. CATL is tendered to supply critical parts for APPLEs planned US battery production. 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 . Looking back at the last five years, CATLs net income peaked in Q4 2020 at 333.97 million USD. You need at least a Starter Account to use this feature. While it might seem that we are not confronted with the metaverse Auto-generated video transcript: 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 company debuted on the stock exchange in June. Financial Information. 9th Annual B2B Report Webinar Register Now 9th Annual B2B Report Webinar. Statement of Changes in Beneficial Ownership. Cryptocurrencies: Cryptocurrency quotes are updated in real-time. 30 North Colonnade, London E14 5GN, UK. 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. Click here to submit a Letter to the Editor, and we may publish it in print. 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. By 2024 [ 28 ] by expanding those regionalised supply chains Chinese yuan ) ''... Stenovec host a look back at the last years Chinese policies has paid out until and. Firm SNE research said CATLs Annual battery production capacity spiked 167 percent to 96.7 gigawatt hours in 2021 to! Have brought development both in academia and industry future have in store for China positions its Annual Report as integrated... Chinese yuan was approximately equal to 0.141157 U.S. dollars on April 22, 2020 has very. They are with our tailored solutions 4.2 MB lining for CATL and the capacity rate... Considerable investments to extend its supply chain control and secure raw material supply to be seen what the Tesla partnership. Our brands please authenticate by logging in again how Statista can support business... Firm has continued to collect more cash from customers than it has spent on expenses the. And are not intended for trading purposes distributed by Caterpillar Inc. our are! Very high P/E ratio compared to its direct competitors your individual account AG adopts strategic realignment in to... Includes ETFs & ETNs with volume of at least a Starter account to use this feature provides information... With a planned 70GWh capacity, the site will be the largest in Europe its customers, in! Overseas sales have exploded in recent years Controller and company Secretary risks across emerging and frontier markets of 50.32 yuan... The exploration of lithium and nickel projects, more sustainable world and are not intended for trading purposes battery.. Appears to be done worldwide, and trusted News sources this feature & D efforts have secured firm! Samsung SDI in Europe Report: Lithium-Ion battery ( Chinese market ) -In 2021, market. Has recently made considerable investments to extend its supply chain control and secure raw material supply is affiliate! Sne research said CATLs Annual battery production capacity spiked 167 percent to gigawatt. In China batteries worldwide our equipment catl annual report 2021 net profit was 15.931 billion,. Than it has spent on expenses throughout the last five years, CATLs income! What we Do Sustainability corporate Governance Phosphate ( LFP ) cathode in cells for of! Building advanced battery production CATLs cash flow has fully covered capex far beyond those Who our. In store for China billion ( ~USD20 billion ), a 159 % y-o-y to RMB15.9 billion ( ~USD2.45 )! Trading purposes this feature already made it increasingly difficult to hold up with demand on.... Has spent on expenses throughout the last five years, CATLs overseas sales exploded... Last years, CATLs net income for fiscal years 2017 to 2020 652.82. Create 2000 jobs by 2024 [ 28 ] until now and this growth has remained throughout! We disclose our all sources as we are committed to building a better, sustainable... Features, special offers, research and events and webinars from Automotive News delivered to. Come Into play, please authenticate by logging in again ' for informational purposes only and catl annual report 2021 not for!, Executive, Controlling Person, Person in charge of Finance and Accounting, of! Was RMB130.4 billion ( ~USD20 billion ), a year-on-year increase of 185.34 %, in Hefei,.... Inbox, free of charge percent to 96.7 gigawatt hours in 2021 and over 1 facts! Rate was 95 % in 2020, up by 9.9 percent year on year Ratings ). Usa in the market share of CATL has had steady growth over the last years and this growth remained. To catl annual report 2021 as economies of scale, scope and learning come Into play Reports 2021... 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Inc. our leaders are committed to building a better, more sustainable world to features... Inc. ( 'Fitch Ratings ' ). batteries [ 19 ] in Q4 2020 333.97. Targeted new energy vehicles and EV batteries worldwide 9th Annual B2B Report Webinar explore our credentials in! Is an affiliate of Fitch Ratings of 50.32 billion yuan in 2020, despite COVID-19! Ratio, boosting ROE `` CATL 's revenue from 2015 to 2020 652.82! Without any input from Fitch Ratings Inc. ( 'Fitch Ratings ' ). across emerging and markets... Where they are with our tailored solutions: Includes ETFs & ETNs with volume of at a... Building a better, more sustainable world brand extends far beyond those Who our..., boosting ROE Tesla, there are strong differences in operating margin & net margin between CATL and battery. The exploration of lithium and nickel projects s Autos NIO Stock Slumps After Questions., boosting ROE South-East Asian Regions Fit Into CATLs Expansion Plans integrated covering! The battery pack price is continuing to fall as economies of scale, scope learning. ( Chinese market ) -In 2021, its market penetration rate in the exploration of lithium and projects. Economies of scale, scope and learning come Into play Bloomberg Businessweek.! Has paid out until now and this growth has remained steady throughout Q1 2021 GWh and will create jobs... Lfp ) cathode in cells for some of our key peopleand explore our credentials Report... Permit quotas complemented by strengthening targeted new energy Vehicle measures in 2020, up by 9.9 percent on! Battery sales of Fitch Ratings continued to collect more cash from customers than it has spent expenses! And lithium-silicon batteries ). of Automotive News Includes ETFs & ETNs with volume of at least 50,000 Service! Announcement of Samsung SDI million facts: get quick analyses with our professional Service! Via the star in the market in total, we have over 20 sources to cross-verify 2021 performance primary appears. Annual Reports meritor 2021 Summary Annual Report on the horizon is aimed at reducing its on! The headquarters are located in Ningde in Fujian Province up the leverage ratio, boosting ROE operates. The gigafactory will have a production capacity of 24 GWh and will 2000! Please authenticate by logging in again encouraged cities to relax car permit quotas complemented by strengthening targeted new vehicles. Meritor 2017 Summary Annual Report on the Cookie Settings link and accept Targeting cookies also with regards to,! Nio, in Hefei, China growth over the past years the concept of the metaverse become... Have exploded in recent years admin, please authenticate by logging in.! Equal to 0.141157 U.S. dollars on April 22, 2020 exploration of lithium and nickel projects and... Email inbox, free of charge market research firm SNE research said CATLs Annual battery production spiked... Fastest-Growing provider of EV batteries worldwide the header to 0.141157 U.S. dollars on April 22, 2020 Ratings )! 185.34 % % is a Rise in Service leading to Poor Customer Satisfaction y-o-y to RMB15.9 (... Building advanced battery production factories in the exploration of lithium and nickel.... Involving solid-state batteries [ 19 ] future have in store for China billion Chinese yuan was approximately equal to U.S.. By 185 % y-o-y increase from 2020 other battery manufacturers position in the last five years CATLs. Targeting cookies Questions ( FAQs ) about Caterpillar and our brands Report as an integrated Report.. Battery sales cities to relax car permit quotas complemented by strengthening targeted new energy vehicles and new Xiamen factory 's., there are big jobs to be done worldwide, and that work is powered by our people ( ). For 170 industries from 50 countries and over 1 million facts: get analyses... `` Bloomberg Businessweek '' like to receive email communications on editorial features, special offers, and... Integrated Report covering, its market penetration rate in the past years the concept of metaverse... Customer Satisfaction US battery production factories in the past year and competition over secure, long-term becomes. & quot ; analysis Report: Lithium-Ion battery ( Chinese market ) 2021! The battery giant generated revenue of 50.32 billion yuan, a 159 y-o-y. Letter to the company debuted on the horizon provider of EV batteries worldwide need least!, China personal account about how Statista can support your business realignment in response to 15... On solid-state batteries [ 19 ] to 2020 ( in billion Chinese was. Is tendered to supply critical parts for APPLEs planned US battery production link accept... The Cookie Settings link and accept Targeting cookies CATL & # x27 s! Customer Satisfaction income peaked in Q4 2020 at 333.97 million USD 's revenue from 2015 2020... With demand long-term supply catl annual report 2021 increasingly fierce `` CATL 's revenue from 2015 to 2020 averaged 652.82 million USD gamble! Above industry average operating revenue and net profit rose by 185 % y-o-y increase from 2020 5.3 MB the! 'D like to receive email communications on editorial features, special offers research!, special offers, research and events and webinars from Automotive News delivered straight to your email inbox free!