With a planned 70GWh capacity, the site will be the largest in Europe. 18, 2022 at 8:34 a.m. This report from Fitch Solutions Country Risk & Industry Research is a product of Fitch Solutions Group Ltd, UK Company registration number 08789939 ('FSG'). 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. Heres the next step in their evolution, Champ: The history of titling and the cost of human error. Looking back at the last five years, CATLs net income peaked in Q4 2020 at 333.97 million USD. Given growing supply, Goldman Sachs sees spot prices of lithium carbonate, a precursor to the compound used in making lithium-ion batteries, sinking to $34,000 a tonne in the next 12 months, from . See more newsletter options at autonews.com/newsletters. An all-time low of oil prices is on the horizon. Outstanding Services, Customer-Focused Team. Furthermore, CATL has no net debt. The CATL gigafactory will have a production capacity of 24 GWh and will create 2000 jobs by 2024[28]. February 15, 2023. New strategic partnerships are in the CATLs pipeline. However, the gross profit margin of the power battery system was 22.00%, a decrease of 4.56 percentage points from the same period last year. And the capacity utilization rate was 95% in 2021. On Thursday, Chinese battery giant CATL released its 2021 annual report. The News Building3 London Bridge StreetLondon SE1 9SG. This represents an increase of almost 11 percent compared with the previous year. 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. But one has to put the insourcing ambitions of original equipment manufacturers into perspective. ISSN 2576-1064 (print) CATL is tendered to supply critical parts for APPLEs planned US battery production. In-depth ResearchWe invest our time in peer-reviewing all articles from a bottom-up and top-down approach. The battle to be the dominant electric vehicle maker with the best supply chain is worth hundreds of billions of US dollars and sales of electric cars increased by 45% from 2019 to 2020. The Fuding plant is CATL's largest single project to date. 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]. CATL is bent on European expansion because it expects huge growth in the European electric vehicle market in response to the EUs tighter CO2 requirements for 2030. 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 is strengthening its market position by becoming a supplier of lithium iron phosphate batteries for TESLA. One Chinese yuan was approximately equal to 0.141157 U.S. dollars on April 22, 2020. CATLs improving bargaining power drives up the leverage ratio, boosting ROE. Source: Kantar Media. 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. Corvus Energy. Car Wars: Is a Rise in Service Leading to Poor Customer Satisfaction? Headquartered in Gillingham, U.K., Delphi operates technical centers, manufacturing sites and customer support services in 44 countries. All rights reserved. 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. Register in seconds and access exclusive features. April 28, 2021. CATLs total assets (cash, investments and everything that the business owns that can be liquidated into cash) have been steadily increasing over the last four years. With a market share of 32.6% in 2021, CATL is the biggest lithium-ion battery manufacturer for EVs in the world, producing 96.7 GWh of the global 296.8 GWh, up 167.5% year on year. The ROE measures the profitability of a business in relation to its equity. 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]. Get full access to all features within our Business Solutions. On April 21, the lowest share price of CATL was 398.90 yuan per share, the lowest since June last year. Cat product offerings include articulated trucks, backhoe loaders, dozers, engines, excavators, generators, motor graders, skid steer loaders and wheel loaders. There are significant barriers to entry for the firm however, namely the openness of US authorities hosting a dominant Chinese-firm in what has become a critically important sector and doubt as to whether the state would be willing to make the concessions for CATL that it would make for South-Korean and US-based firms, given ongoing political and trade disputes between the worlds two largest economies. Website (Gasgoo China Automotive News). Understand Caterpillar at a glance through resources including our Caterpillar fact sheet, our corporate profile, and more. In 2021 the EV sales growth rate is being hampered by the consequences of the Corona pandemic. Date Filing Type Filing Description Download / View. Diversity & Inclusion Caterpillar is committed to ensuring our workplace is diverse and representative of the many customers we serve around the globe. In July 2021, at its Tech Zone event, CATL unveiled a breakthrough for the industrialisation of sodium-ion batteries, the cells for which can also be integrated with lithium-ion cells together in one battery pack. "CATL's revenue from 2015 to 2020 (in billion Chinese yuan)." 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. 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. 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On the evening of April 21, the 2021 financial report released by CATL showed that during the reporting period, the company's operating income was about 130.356 billion yuan, a year-on-year increase of 159.06%; the net profit attributable to shareholders of the listed company was about 15.931 billion yuan, a year-on-year increase of 185.34%. 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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. Its operating income reached 130.356 billion yuan ($20.1 billion) in 2021, a year-on-year increase of 159.06%. Your download link will be emailed to you shortly. 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. 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. It remains to be seen what the Tesla CATL partnership will mean for the global battery market. Read & discuss the latest China news, their effects on stock prices, and get in touch with other investors in the ChineseAlpha community by joining our group on Telegram. You need a Statista Account for unlimited access. 25-NSE. 30 North Colonnade, London E14 5GN, UK. Enclosure 1. The research and development of solid-state batteries are being pursued by a multitude of players in the world. Why? 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. 86 379 68658029. Investors expect CATL to thrive in the future market. We leverage our expertise and partnerships to provide in-depth and insightful reports. 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. 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. CATLs battery pack prices continue to fall, albeit at a slower pace as in the preceding years. Carol Massar and Tim Stenovec host a look back at the best interviews, discussions and more. Meritor 2018 Summary Annual Report and 10-K 2.4 MB. Lipper shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon. 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. one part. 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. Important mentions are Volkswagens recent acquisition of Quantum Scape, a solid-state battery startup Stanford University spin-off and the Hyundai partner Ionic Materials, who have both said they want to have developed a commercially viable solid-state battery technology by 2025[20]. The company has been established in December 2011 by founder Zeng Yuqun alias Robin Zeng. Allstate: Compliance standards are changing. Fundamental company data and analyst estimates provided by FactSet. 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. Its liquidity has been lower in 2020 due to the impacts of the Corona crisis but the business has rebounded since then. Annual Report 2021 (short HTML version) Explore the interactive version of the annual report . Also, CATL has significantly improved bargaining power over downstream players since 2018. A cooperation with Nio extends CATLs business operations downstream. 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. 22.6% . 2018. As of December 31, 2021, the total assets of CATL were approximately 307.667 billion yuan, an increase of 96.44% from the end of 2020. 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. 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 . 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. Our business helps customers build a better, more sustainable world through innovative products and services. CATLs sales to Tesla were RMB13 billion (~USD2 billion), accounting for 10% of CATLs total revenue in 2021. Electric vehicle sales are expected to follow an S-curve growth trend. cmoc_group. If you are an admin, please authenticate by logging in again. Our data is gathered from Capital IQ, DataYes, and trusted news sources. 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]. 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 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. As a Premium user you get access to the detailed source references and background information about this statistic. In terms of energy storage batteries, CATL cooperates with State Grid, China Southern Power Grid, domestic "big five and four small" power generation companies including Huaneng Group, Datang Group, and SDIC Power, as well as wind and solar energy such as JinkoSolar and Risen Energy. Provides financial information as performance announcement of Samsung SDI. NIO's move is aimed at reducing its reliance on suppliers such as CATL . Learn more about Caterpillars strategy for long-term profitable growth while striving to meet strong customer demand. Current Chinese and EU politics impact the EV markets. The market share of CATL has increased significantly to 32.60% from 24.60% in 2020, enhancing its leading position in the market. Mutual Funds & ETFs: All of the mutual fund and ETF information contained in this display, with the exception of the current price and price history, was supplied by Lipper, A Refinitiv Company, subject to the following: Copyright Refinitiv. 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. Read corporate press releases and news announcements distributed by Caterpillar Inc. Our leaders are committed to supporting customers and driving profitable growth. Website (Gasgoo China Automotive News). Tesla, Ford and VW have plans to manufacture their own batteries for electric vehicles. The company had to pay higher interest in the last two years, financing its investments in projects such as the 5 billion USD development of a lithium mine in Indonesia. He has been reporting since 2009, mainly on macroeconomics and capital markets. 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. In 2020, CATLs Lithium-ion battery sales totaled 46.84GWh, up 14.36% Y-o-Y. Data are provided 'as is' for informational purposes only and are not intended for trading purposes. This year's Annual Report is published in a series of two parts to provide up-to-date information. FSG is an affiliate of Fitch Ratings Inc. ('Fitch Ratings'). At the end of 2017, 23% of nearly 15,000 employees worked in research and development. 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]. See key financial metrics of Caterpillars strong financial performance in 2021. For context, we estimate the combined capacity in the US and Europe (announced, planned and in operation) at 1021 GWh. CATL has strong liquidity. Discover how we canmeet your requirements. Meet some of our key peopleand explore our credentials. 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. NISSAN: 2022 Pathfinder and 2022 Frontier. Access to this and all other statistics on 80,000 topics from, Show sources information In the past years the concept of the metaverse has become increasingly prevalent. 11,30% is a very respectable ROE for the industry. CATL's revenue from 2015 to 2020 (in billion Chinese yuan) [Graph]. CATLs LFP cells have already enabled Tesla to cut the price for its entry model (Model 3) from CNY 271,550 to CNY 249,90. It shows that CATL is able to effectively control its costs and provide goods at a price significantly higher than its costs.CATL is on par with Panasonic and outperforms Lg Chem and Samsung SDI when it comes to its return on equity. Visit website. Sources: FactSet, Dow Jones, ETF Movers: Includes ETFs & ETNs with volume of at least 50,000. Available: https://www.statista.com/statistics/875511/revenue-of-catl/, Available to download in PNG, PDF, XLS format, Forecast global electricity generation 2015-2050, Global investment in power generation 2017-2021, Global residential energy storage deployment 2020, by region, Power system flexibility capacity share worldwide 2021, by source, Capacity of lithium-ion batteries entering the market worldwide 2020-2030, Pumped hydro storage market value worldwide 2021-2028, Global battery energy storage market value 2021-2026, Thermal energy storage market value worldwide 2020-2026, Hydrogen energy storage market value worldwide 2021-2030, Global pure pumped storage capacity 2010-2021, Global electricity capacity from battery storage 2020-2050, Global thermal energy storage capacity 2019-2030, Global electrolyzer manufacturing capacity estimates 2022-2027, Global LDES cumulative installed capacity 2025-2040, Global investment in energy storage 2020, by region, Global grid battery storage investments 2015-2021, Global investment in long duration energy storage 2018-2021, Panasonic's sales revenue in Malaysia FY 2013-2022, PMMA's shareholder funds return rate FY 2015-2022, PMMA's gross dividends paid Malaysia FY 2015-2022, Panasonic's sales revenue China 2012-2016, PMMA's net dividends paid Malaysia FY 2015-2022, Market estimates for lithium-ion battery market 2020, PMMA's export revenue Malaysia FY 2015-2022, Predicted costs of lithium-ion batteries in PHEV by element 2012-2016, Panasonic's profit after tax in Malaysia FY 2013-2022, PMMA's earnings per share Malaysia FY 2015-2022, Panasonic's total assets in Malaysia FY 2013-2022, Lithium battert production cost structure 2015, Automotive lithium ion battery cell suppliers: global market share 2017, CATL's revenue from 2015 to 2020 (in billion Chinese yuan), Find your information in our database containing over 20,000 reports. 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. Panasonic Holdings Corporation. CATL is the fastest-growing provider of EV batteries worldwide. 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. Rich Experience in R&D and production of more than 12 years! 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. Income Statement highlights The company's net income for fiscal years 2017 to 2020 averaged 652.82 million USD. 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Has significantly improved bargaining power over downstream players since 2018 Partners: How dealerships... To the detailed source references and background information about this statistic all articles from a bottom-up and approach! And analyst estimates provided by FactSet Ratings Inc. ( 'Fitch Ratings ' ) ''! Seen what the Tesla CATL partnership will mean for the global battery market corporate! On macroeconomics and Capital markets extends CATLs business operations downstream CATLs total revenue in 2021 with the previous year,! Caterpillar fact sheet, our corporate profile, and trusted news sources: ETFs! In-Depth ResearchWe invest our time in peer-reviewing all articles from a bottom-up and top-down approach remains to be what! Financial information as performance announcement of Samsung SDI you get access to the impacts of annual. Massar and Tim Stenovec host a look back at the best interviews, discussions and.... 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