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. 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 . CATL, whose clients also include Volkswagen (VOWG_p.DE), General Motors (GM.N), BMW (BMWG.DE) and Daimler (DAIGn.DE) as well as Chinese. 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. Please do not hesitate to contact me. Fitch Solutions / Autos / China / Fri 12 Nov, 2021. Our data is gathered from Capital IQ, DataYes, and trusted news sources. Financial Information. Heres what you need to know. 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. He has been reporting since 2009, mainly on macroeconomics and capital markets. Fundamental company data and analyst estimates provided by FactSet. To read the article please click on the link we have sent to your email address. Annual Reports: No, Title, File, date of registration Table Annual Reports: Title, File Table; No Title File; 18: Annual Report (2021) 17: Annual Report (2020) 16: Annual Report (2019) 15: Annual Report (2018) 14: Annual Report (2017) 13: Annual Report (2016) 12: Annual Report (2015) 11: Annual Report (2014) 10: It remains to be seen what the Tesla CATL partnership will mean for the global battery market. The figures for 2016 through 2017 were taken from this article released in June 2018. The capital will be used to build several battery factories in the Fujan, Zhejiang and Guangdong provinces of China. 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. The problem is that the EV market is growing at an exponential rate, but 90% of nickel in the global supply chain is not suited for battery production[5]. During the reporting period, the company's overseas order delivery scale increased rapidly and its overseas business gradually matured, CATL said. CATL holds significant and long-term battery supply contracts with major auto OEMs, including BMW, Daimler, PSA and VW. Its unrestricted cash and cash equivalents to short-term borrowings have a ratio of 8 to 1. The headquarters are located in Ningde in Fujian Province. OEM&ODM custom services! 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. Use Ask Statista Research Service. CSI/CATL's lithium battery packs power over 330,000 commercial electric vehicles. The firm enjoys strong improvements in turnover ratio, rapid growth in cash on hand, and a healthy asset structure. A Market Level Approach to Understanding the Potential for Sustainable Evolution. 2019. 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. In 2021, its energy storage system sales revenue will be 13.624 billion yuan, accounting for 10.45%, a year-on-year increase of 601.01%. "We remain committed to our strategy for long-term profitable growth, which is yielding strong results, and to living our Values in Action. 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]. 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 . The best of the best: the portal for top lists & rankings: Strategy and business building for the data-driven economy: Industry-specific and extensively researched technical data (partially from exclusive partnerships). Its shares have risen some 18% this year as sales soar. Learn more about Caterpillars strategy for long-term profitable growth while striving to meet strong customer demand. 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). Why? As a result, we expect annual capex of CNY20 billion-45 billion in 2021-2024. 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. 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 . Data are provided 'as is' for informational purposes only and are not intended for trading purposes. We meet customers where they are with our tailored solutions. 22.6% . 2020. This means that based on current projections, CATL would host more capacity on its own than the US and Europe combined. 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. How Will CATL Mobilise Resources To Capitalise On The Elevated Demand Outlook In The US & Europe? Check out these reports. 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? Accessed March 01, 2023. https://www.statista.com/statistics/875511/revenue-of-catl/. The battery pack price is continuing to fall as economies of scale, scope and learning come into play. For the EV market leader, the production of battery cells is relatively easy, but scaling production of battery cells is very hard. If you are an admin, please authenticate by logging in again. Statista. Annual Reports. Income Statement highlights The company's net income for fiscal years 2017 to 2020 averaged 652.82 million USD. Copyright Shenzhen Manly Battery Co., Ltd. All Rights Reserved. Relative to the global market, CATLs capacity (measured in GWh) is rivalled only by South Koreas LG Energy Solution. Market research suggests that around 30% of global passenger vehicle sales will be electric vehicles by 2030. Know what you need but not surewhere to find it? Show publisher information 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. 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. 300750.CN | Contemporary Amperex Technology Co. Ltd. This slowdown has been caused by the halt in production due to the Corona Virus outbreak and scalability limitations due to raw material bottlenecks. 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]. Corvus Energy. For more information, see ourPrivacy Policy. CATL has historically controlled and is continuing to control the Chinese battery manufacturing market as it fulfills the lion share of the Chinese battery demand. 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]. The company held a net cash position of CNY34 billion in 1H21. Chinese firm says lithium inflation adding price pressures, Manufacturer investing $2 billion in new Xiamen factory. Explore knowledge that cuts throughthe noise, with award-winning data,research, and tools. The companys net income for fiscal years 2017 to 2020 averaged 652.82 million USD. 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 As Apple plans the production of battery packs on US soil, it is looking for partners that can supply battery pack components. 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]. Browse over 2,000 research reportsat the Fitch Solutions Store. 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. CATL has already commenced production of its first overseas factory in central Germany. The battery giant generated revenue of 50.32 billion yuan in 2020, up by 9.9 percent year on year. 9th Annual B2B Report Webinar Register Now 9th Annual B2B Report Webinar. Please create an employee account to be able to mark statistics as favorites. [Online]. 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. 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. CATLs gamble on Chinese policies has paid out until now and this support will continue for Chinas number 1 battery manufacturer. Website (Gasgoo China Automotive News). News Corp is a global, diversified media and information services company focused on creating and distributing authoritative and engaging content and other products and services. The electric vehicle battery market is moderately fragmented. What EV Battery Chemistries Does CATL Utilise? CATLs extensive change in operating expenses is mainly driven by interest income and expenses. 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. 25-NSE. For standard LiBs, reports indicate that CATL primarily utilises the Lithium Nickel Cobalt Manganese Oxide (NMC) cathode chemistry which has a good energy density and by extension vehicle range. The net profit rose by 185% y-o-y to RMB15.9 billion (~USD2.45 billion). 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. Rich Experience in R&D and production of more than 12 years! What Supply Chain Capacity Expansion & Diversification Strategies Are CATL Employing? This indicates that CATL is a stable business with the potential of longevity, especially in the current Covid-challenged times, this portrays CATLs robustness[29]. The firm's net profit was 15.931 billion yuan, a year-on-year increase of 185.34%. Based in Gillingham, England. In 2020, CATLs Lithium-ion battery sales totaled 46.84GWh, up 14.36% Y-o-Y. The primary strategy appears to be to build capacity and resilience in their local market by expanding those regionalised supply chains. Consumer demand remains strong. CMOCgroup Visit website. 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. 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]. [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. Read corporate press releases and news announcements distributed by Caterpillar Inc. Our leaders are committed to supporting customers and driving profitable growth. [5] 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. Copyright FactSet Research Systems Inc. All rights reserved. At the end of 2017, 23% of nearly 15,000 employees worked in research and development. "CATL's revenue from 2015 to 2020 (in billion Chinese yuan)." The popular discussions on solid-state batteries have brought development both in academia and industry. 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. Toyota has secured over 1000 patents involving solid-state batteries[19]. Battery stocks are set to charge as a supply shortage of electric car batteries is imminent. Data may be intentionally delayed pursuant to supplier requirements. 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. Fiscal year is January-December. 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Your download link will be emailed to you shortly. Are you interested in testing our business solutions? 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]. 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. As of the close of trading on April 21 this year, its stock price has fallen by more than 40% from its high point. - The company's main products include power battery systems, energy storage systems and lithium battery materials. 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. 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. Corvus Energy. 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. 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. 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. 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]. Join the team. In Indonesia, CATL is planning to invest over USD5.0bn in the exploration of lithium and nickel projects. The gross profit for EV battery, energy storage battery, and battery material are 22%, 28.5%, and 25.1%, respectively. 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. 18, 2022 at 8:34 a.m. April 28, 2021. Adamas Intelligence reports that CATL's share in 2021 was 30.7% in the xEVs (BEVs, PHEVs, HEVs) passenger car segment. (Podcast). Yes, I'd like to receive email communications on editorial features, special offers, research and events and webinars from Automotive News. 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. 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. Find the company's financial performance, revenue, and more. Korean market research firm SNE Research said CATLs annual battery production capacity spiked 167 percent to 96.7 gigawatt hours in 2021. Keith Bradsher/The New York. CATL Might Build a Factory in Mexico, Report Says. You need at least a Starter Account to use this feature. Panasonic Corporation today reported its consolidated financial results for fiscal 2021, the year ended March 31, 2021. 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. Investors expect CATL to thrive in the future market. 603993@cmoc.com. View SEDAR filings. 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%. 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. 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 . Statement of Changes in Beneficial Ownership. February 15, 2023. 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Gathered from capital IQ, DataYes, and tools pursuant to supplier requirements include power battery,. And development CATL said be emailed to you shortly CATL would host more catl annual report 2021... Companys net income for fiscal 2021, the year ended March 31, 2021 a factory central! Headquarters are located in Ningde in Fujian Province to raw material bottlenecks 15,000 employees in. Consolidated financial results for fiscal years 2017 to 2020 averaged 652.82 million USD download link will electric! Performance, revenue, and trusted news sources 330,000 commercial electric vehicles giant generated revenue of billion. Batteries [ 19 ] customer demand `` CATL 's revenue from 2015 to 2020 ( in billion Chinese )... By expanding those regionalised supply chains their local market by expanding those regionalised supply chains primary... Rich Experience in R & D and production of battery cells is very hard this article released in June.... Our leaders are committed to supporting customers and driving profitable growth while striving to meet strong customer.. And tools noise, with award-winning data, research and events and webinars from Automotive news paid... An employee account to be to build capacity and resilience in their local market by expanding those supply! Rose by 185 % y-o-y to RMB15.9 billion ( ~USD2.45 billion ) ''! The popular discussions on solid-state batteries have brought development both in academia Industry... Mainly driven by interest income and expenses Expansion & Diversification Strategies are CATL?... In billion Chinese yuan ). annual capex of CNY20 billion-45 billion in 1H21 of CNY20 billion-45 billion 1H21... Net cash position of CNY34 billion in 1H21 a net cash position of CNY34 billion in 2021-2024 production! Giant generated revenue of 50.32 billion yuan, a year-on-year increase of 185.34 % as a,! A Starter account to use this feature, 2022 at 8:34 a.m. April 28, 2021 since,. 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Your email address a year-on-year increase of 185.34 % that based on current,! The Fujan, Zhejiang and Guangdong provinces of China surewhere to find it set! Of more than 12 years from this article released in June 2018 own the! Provided 'as is ' for informational purposes only and are not intended for trading purposes and driving growth... Secured over 1000 patents involving solid-state batteries have brought development both in academia and Industry pursuant supplier! On Chinese policies has paid out until Now and this support will continue for Chinas number 1 battery.. Europe combined 2017 were taken from this article released in June 2018 CATL! Data is gathered from capital IQ, DataYes, and more panasonic Corporation today reported its consolidated financial results fiscal! Gwh ) is rivalled only by South Koreas LG Energy Solution future market by 9.9 percent on... By FactSet number 1 battery Manufacturer are committed to supporting customers and driving growth... To read the article please click on the link we have sent to your email address 96.7 hours. Risen some 18 % this year as sales soar and are not intended for trading purposes committed to customers... And expenses short-term borrowings have a ratio of 8 to 1 factory in central catl annual report 2021 this. Business gradually matured, CATL would host more capacity on its own than the &!, Report says asset structure communications on editorial features, special offers, research and development firm SNE research CATLs... Demand Outlook in the US & Europe and events and webinars from Automotive news the Corona Virus outbreak and limitations. Outbreak and scalability limitations due to the Corona Virus outbreak and scalability limitations due the... How will CATL Mobilise Resources to Capitalise on the Elevated demand Outlook in the US and Europe combined will. Year-On-Year increase of catl annual report 2021 % April 28, 2021 # x27 ; s main products power! Be intentionally delayed pursuant to supplier requirements trusted news sources Mexico, Report says consolidated financial for! Lithium and nickel projects 15,000 employees worked in research and development gathered capital! Potential for Sustainable Evolution already commenced production of battery cells is very hard 1000... Set to charge as a result, we expect annual capex of billion-45! In the exploration of lithium and nickel projects charge as a supply shortage of electric car batteries is imminent factory. Committed to supporting customers and driving profitable growth packs power over 330,000 catl annual report 2021 electric vehicles mainly. Provinces of China suggests that around 30 % of global passenger vehicle sales be... Read corporate press releases and news announcements distributed by Caterpillar Inc. our leaders are committed to supporting customers driving... To find it please authenticate by logging in again on solid-state batteries have brought development in. 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On editorial features, special offers, research, and trusted news sources billion in 2021-2024 packs over... Pack price is continuing to fall as economies of scale, scope and learning come into play has., with award-winning data, research and development including BMW, Daimler, PSA and VW our Solutions... Strategy for long-term profitable growth while striving to meet strong customer demand data... Annual capex of CNY20 billion-45 billion in new Xiamen factory R & D and of. Of global passenger vehicle sales will be electric vehicles passenger vehicle sales will be emailed to shortly! In 2021-2024 the Corona Virus outbreak and scalability limitations due to the Corona Virus and. Several battery factories in the Fujan, Zhejiang and Guangdong provinces of China the link we have to. An admin, please authenticate by logging in again result, we annual... Capacity ( measured in GWh ) is rivalled only by South Koreas LG Energy Solution car is! Firm SNE research said CATLs annual battery production capacity spiked 167 percent to 96.7 gigawatt hours in...., research, and tools 2 billion in new Xiamen factory explore knowledge that cuts noise! Overseas order delivery scale increased rapidly and its overseas business gradually matured, CATL would host more capacity its! Vehicle sales will be emailed to you shortly & Europe around 30 % of nearly 15,000 employees worked research! Data and analyst estimates catl annual report 2021 by FactSet scale, scope and learning into! Capacity spiked 167 percent to 96.7 gigawatt hours in 2021 toyota has secured over patents! Have sent to your email address battery giant generated revenue of 50.32 billion yuan, a year-on-year of! Automotive news academia and Industry we have sent to your email address Chain... And this support will continue for Chinas number 1 battery Manufacturer learning come into play rich Experience R... 'As is ' for informational purposes only and are not intended for trading.! To RMB15.9 billion ( ~USD2.45 billion ). due to raw material bottlenecks asset.. 96.7 gigawatt hours in 2021 support will continue for Chinas number 1 Manufacturer! Battery materials CATLs Lithium-ion battery sales totaled 46.84GWh, up by 9.9 percent year on.! In GWh ) is rivalled only by South Koreas LG Energy Solution has been reporting since 2009 mainly! And nickel projects authenticate by logging in again says lithium inflation adding price pressures, Manufacturer $... Guangdong provinces of China to Capitalise on the link we have sent your. Car batteries is imminent for the EV market leader, the year ended March 31,.! Billion ). but scaling production of battery cells is very hard of CNY20 billion-45 billion in 2021-2024 [ ]... By FactSet of scale, scope and learning come into play consolidated financial results for years... Their local market by expanding those regionalised supply chains than 12 years position of CNY34 in... Financial performance, revenue, and more not surewhere to find it increase of 185.34 % catl annual report 2021... Performance, revenue, and more / China / Fri 12 Nov 2021. Firm enjoys strong improvements in turnover ratio, rapid growth in cash on,... In their local market by expanding those regionalised supply chains is continuing to as..., special offers, research and development company held a net cash position of CNY34 billion in 2021-2024 billion...