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. These range from corporate news and ad hoc announcements to financial and quarterly reports as well as company presentations. 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. 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%. Its operating income reached 130.356 billion yuan ($20.1 billion) in 2021, a year-on-year increase of 159.06%. Need info on your own credit report? (Podcast). On Thursday, Chinese battery giant CATL released its 2021 annual report. 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. Battery stocks are set to charge as a supply shortage of electric car batteries is imminent. In addition, CATL expects net profit from the fourth quarter of 2021 to fall between 6.249 billion yuan and 8.749 billion yuan, almost equalling the 7.751 billion yuan in profits garnered during the first three quarters of the year combined. 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. 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%. 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. 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. 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. April 28, 2021. Rich Experience in R&D and production of more than 12 years! Its unrestricted cash and cash equivalents to short-term borrowings have a ratio of 8 to 1. Reports indicate that CATL is seeking to capitalise on opportunities to build supply chain resilience in the East and South-East Asian regions. 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 . 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. Financial Highlights 2020 Revenue 61 (MUSD) 46 29. 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]. As a Premium user you get access to background information and details about the release of this statistic. FCF Deficit, Strong Balance Sheet: We expects neutral to negative FCF generation, with CATL's balance sheet buffer helping it to retain modest leverage. 86 379 68658029. All rights reserved. According to the statistics of SNE Research, a Korean research institution, the global installed capacity of power batteries in 2021 will be 296.8Gwh, of which the global installed capacity of Ningde era power batteries will be 96.7GWh, ranking first among all battery companies. 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). Haig Partners: How are dealerships being valued today? Click here for "Analysis Report: Lithium-Ion Battery (Chinese Market) -In 2021, CATL was No. In 2020, despite the COVID-19 epidemic, CATL still achieved above industry average operating revenue and net profit. CATLs net margin of 11,1% is excellent. Enclosure 1. Thank you. Appreciation for the brand extends far beyond those who use our equipment. 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. 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%. Headquartered in Gillingham, U.K., Delphi operates technical centers, manufacturing sites and customer support services in 44 countries. Looking back at the last five years, CATL's net income peaked in Q4 2020 at 333.97 million USD. CATL was trailed by LG Chemical and Panasonic, which boosted their annual battery capacity by 20 percent and 12 percent to 60.2 GWh and 36.1 GWh, respectively, by the end of last year. 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. Keith Bradsher/The New York. 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]. 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. 2020. 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 has recently made considerable investments to extend its supply chain control and secure raw material supply. According to the company, in 2021, its market penetration rate in the fields of new energy vehicles and . Still, the manufacturer scrapped its dividend and reported weaker profitability at its key power battery systems division as it warned of surging raw-materials costs. articles a month for anyone to read, even non-subscribers! A cooperation with Nio extends CATLs business operations downstream. CATL Might Build a Factory in Mexico, Report Says. February 21, 2023. 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]. We leverage our expertise and partnerships to provide in-depth and insightful reports. Our latest articles and views onindustries, regions, and topics. Corporate News VARTA AG adopts strategic realignment in response to challenges 15. This cooperation with Apple offers great potential for CATL to secure future growth and integrate themselves long term within the US market[11]. An all-time low of oil prices is on the horizon. Read corporate press releases and news announcements distributed by Caterpillar Inc. Our leaders are committed to supporting customers and driving profitable growth. Register in seconds and access exclusive features. Annual report 2020. See more newsletter options at autonews.com/newsletters. This represents an increase of almost 11 percent compared with the previous year. Annual General Meeting Add to Calendar May 3, 2023 Q1 2023 Shipments and Revenues Add to Calendar July 27, 2023 First Half 2023 Results Add to Calendar October 31, 2023 Q3 2023 Shipments and Revenues Past Events 2023 2022 2021 January 5, 2023 Stellantis CEO Carlos Tavares Keynote at CES 2023 Go To Page New York $ 15.85 0.82 % The plant will be located next to NIO's major manufacturing center in Hefei, in eastern China's Anhui province, the people said. All values HKD Millions. We expect CATL will seek to capitalise on this elevated demand outlook through its partnerships with US-based automakers and potentially a direct investment into a site in the US over the longer term. 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. There are big jobs to be done worldwide, and that work is powered by our people. Economies of scale in manufacturing and the rapid development of the domestic market for PV are Chinas current most significant contributions to reducing Disclaimer: Our content is intended to be used solely for informational and educational purposes, and not as investment advice. Our 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. Carol Massar and Tim Stenovec host a look back at the best interviews, discussions and more. The popular discussions on solid-state batteries have brought development both in academia and industry. But one has to put the insourcing ambitions of original equipment manufacturers into perspective. Former CATL Directors & Associate Directors; Our Mission; Consultations; Programs & Grants. 300750.CN | Contemporary Amperex Technology Co. Ltd. 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. Access to this and all other statistics on 80,000 topics from, Show sources information 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. The capital will be used to build several battery factories in the Fujan, Zhejiang and Guangdong provinces of China. Our business helps customers build a better, more sustainable world through innovative products and services. In August 2021, reports emerged that CATL is considering acquiring a minority stake in the Chinese miner. Then you can access your favorite statistics via the star in the header. Source: FactSet, Indexes: Index quotes may be real-time or delayed as per exchange requirements; refer to time stamps for information on any delays. 86 379 68658030. Tesla uses a hybrid model of multichannel sourcing and an own in-house battery production. Our data is gathered from Capital IQ, DataYes, and trusted news sources. CATL is the fastest-growing provider of EV batteries worldwide. 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. 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. Automotive manufacturers could insource battery cell production. Sources: FactSet, Dow Jones, ETF Movers: Includes ETFs & ETNs with volume of at least 50,000. The firm's net profit was 15.931 billion yuan, a year-on-year increase of 185.34%. CATL's revenue from 2015 to 2020 (in billion Chinese yuan) [Graph]. The firm's net profit was 15.931 billion yuan, a year-on-year increase of 185.34%. Highlights from a week-long virtual event bringing Bloomberg Businessweek magazine to life. Electric vehicle sales are expected to follow an S-curve growth trend. Looking back at the last five years, CATLs net income peaked in Q4 2020 at 333.97 million USD. 2021 2020 2019; Net Operating Cash: $6,712 $2,883 $2,107 Net Investing Cash-$8,412 -$2,355 $290 . Meritor 2017 Summary Annual Report and 10-K 4.2 MB. 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%. CATLs 2021 net profit will range from 14 billion yuan ($2.2 billion) to 16.5 billion yuan, the Shenzhen-listed company said this week. This report provides an in-depth analysis of the global fundus camera market, market size (US$ Million), and compound annual growth rate (CAGR%) for the forecast period (2022-2030), considering . 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. 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. Annual Reports and Form 56-1. Who We Are What We Do Sustainability Corporate Governance . Moreover, there are strong differences in operating margin & net margin between CATL and the other leading battery manufacturers. How Does The Broader East & South-East Asian Regions Fit Into CATLs Expansion Plans? Fitch Solutions Group Limited All rights reserved. The primary strategy appears to be to build capacity and resilience in their local market by expanding those regionalised supply chains. 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]. Answers include investor information. The 2018 figure was published here and the 2019 was published here. It remains to be seen what the Tesla CATL partnership will mean for the global battery market. ISSN 2576-1072 (online), Tesla readies revamp of Model Y code-named Juniper, report says, VW under fire over Xinjiang plant after China chief visit, Li Auto Q1 sales, revenue outlook soars on growing EV lineup, Sponsored Content: Ally All Ears Podcast | How F&I is driving dealership profits, Sponsored Content: Understanding automotive connected consumers | Amazon Ads. 2020. The first phase, which has now started, is said to have a capacity of 60 GWh per year. Annual Securities Report, etc. CSI/CATL's lithium battery packs power over 330,000 commercial electric vehicles. 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 The firm enjoys strong improvements in turnover ratio, rapid growth in cash on hand, and a healthy asset structure. Check out these reports. The energy density of the company's LFP mass-produced cells has reached up to 200Wh/kg, and the second-generation battery system without thermal diffusion has been approved by several foreign domestic customers, according to the annual report. 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. Insight and analysis of top stories from our award winning magazine "Bloomberg Businessweek". Chinese firm says lithium inflation adding price pressures, Manufacturer investing $2 billion in new Xiamen factory. The central government encouraged cities to relax car permit quotas complemented by strengthening targeted New Energy Vehicle measures in 2020. In total, we have over 20 sources to cross-verify. Panasonic Holdings Corporation. 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. You can unsubscribe at any time through links in these emails. ET by Barron's Autos NIO Stock Slumps After Short-Seller Questions Battery Sales. CATL has a very high P/E ratio compared to its direct competitors. 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. (April 28, 2021). CMOCgroup We expect CATL to continue to invest in production sites and integrating elements of the local supply chains in Europe. On the other hand, energy storage has become the fastest growing business segment in CATL. The net profit rose by 185% y-o-y to RMB15.9 billion (~USD2.45 billion). CATLs cash flow can cover capex; cash on hand continues rising[32]. Visit website. Operating margin measures the percentage of revenue a company keeps as operating profit. We anticipate that CATL utilises the Lithium Iron Phosphate (LFP) cathode in cells for some of its customers, particularly in China. Thank you for registering. Website (Gasgoo China Automotive News). 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. In 2020, CATL's Lithium-ion battery sales totaled 46.84GWh, up 14.36% Y-o-Y. Its shares have risen some 18% this year as sales soar. CATL posted revenue of 130.4 billion yuan last year, up 159.06 percent year-on-year, according to the company's annual report released today. The company debuted on the stock exchange in June. CATLs extensive change in operating expenses is mainly driven by interest income and expenses. 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]. Download 2021 Annual Report Download PDF Sustainability We're committed to building a better, more sustainable world. Show publisher information It is a buy. An electric car factory run by a Chinese company, Nio, in Hefei, China. As Apple plans the production of battery packs on US soil, it is looking for partners that can supply battery pack components. Click here for Cat Financial SEC Filings. Disclaimer: Our content is intended to be used solely for informational and educational purposes, and not as investment advice. In the past years the concept of the metaverse has become increasingly prevalent. Chinese government subsidies for the new energy vehicle (NEV) market are currently at 12 billion USD and CATL benefits from an aggressive policy where the Chinese government acquires lithium, nickel and rare earths and provides them to local battery manufacturers, securing CATL a consistent and cheap raw material supply[34], [35]. Its liquidity has been lower in 2020 due to the impacts of the Corona crisis but the business has rebounded since then. The Fuding plant is CATL's largest single project to date. New strategic partnerships are in the CATLs pipeline. Sources: FactSet, Dow Jones, Bonds: Bond quotes are updated in real-time. 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: This year's Annual Report is published in a series of two parts to provide up-to-date information. We expect nominal sales growth of 1555.8% between 2020 and 2030 in the US, with EV sales reaching over 5.0mn units in 2030 from just 306,000 in 2020. 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. (2021). Our data is gathered from Capital IQ, DataYes, and trusted news sources. Copyright 2021 Fitch Solutions Group Limited. ISSN 2576-1064 (print) Danny Lee. At the end of 2017, 23% of nearly 15,000 employees worked in research and development. Join the team. Copyright 2023 Fitch Solutions, Inc., Fitch Ratings, Inc. and their subsidiaries, account for an annualised average of 26.0% of global EV sales between 2021-2030, trend of regionalising supply chains in 2020, Country Risk & Industry Research Key Themes 2023, Global Infrastructure Project Pipeline: Analyst Market Picks, Worldwide Pharmaceutical Market Forecasts, Founded in the coastal city of Ningde, China, in 2011, CATL has risen to become the worlds foremost EV battery-cell producer, employing over 30,000 staff globally and counting automakers such as, We estimate CATLs nominal growth rate (by GWh capacity deployed) between 2016-2020 at over 3,400.0%, more than double that of its closest competitor, South Koreas. Source: FactSet, Markets Diary: Data on U.S. Overview page represent trading in all U.S. markets and updates until 8 p.m. See Closing Diaries table for 4 p.m. closing data. The company has been established in December 2011 by founder Zeng Yuqun alias Robin Zeng. The gross profit for EV battery, energy storage battery, and battery material are 22%, 28.5%, and 25.1%, respectively. In 2021, CATL's lithium-ion battery sales were 133.41 GWh, up 184.82 percent year-on-year, with power battery system sales of 116.71 GWh, up 162.56 percent year-on-year. The CATL gigafactory will have a production capacity of 24 GWh and will create 2000 jobs by 2024[28]. You can only download this statistic as a Premium user. Concentrix: How can customer data drive a better automotive CX? 11,30% is a very respectable ROE for the industry. CATLs revenue was RMB130.4 billion (~USD20 billion), a 159% y-o-y increase from 2020. - The company's main products include power battery systems, energy storage systems and lithium battery materials. 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. Meritor 2018 Summary Annual Report and 10-K 2.4 MB. 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. 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. View SEDAR filings. Supply chain bottlenecks in Nickel and Cobalt have already made it increasingly difficult to hold up with demand. Current Chinese and EU politics impact the EV markets. Toyota has secured over 1000 patents involving solid-state batteries[19]. We meet customers where they are with our tailored solutions. Currently, you are using a shared account. According to CATL 's latest financial reports the company's current revenue (TTM) is $39.87 B . 2022 ChineseAlpha.com - All rights reserved. This will ensure that CATL can capitalise on demand growth in key export markets while retaining its domestic dominance to capitalise on the elevated sales outlook for new energy vehicles (NEVs) in China, which we expect to account for an annualised average of 26.0% of global EV sales between 2021-2030. 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. The battery giant generated revenue of 50.32 billion yuan in 2020, up by 9.9 percent year on year. This price drop further accelerates the electric vehicles point of price competitiveness with traditional combustion engine-powered vehicles and will hence also increase the demand for CATL batteries. The battery pack price is continuing to fall as economies of scale, scope and learning come into play. In 2020, CATLs Lithium-ion battery sales totaled 46.84GWh, up 14.36% Y-o-Y. Nickel prices have rallied over the past year and competition over secure, long-term supply becomes increasingly fierce. 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. The first phase, which has now started, is said to have production! What the tesla CATL partnership will mean for the global battery market secure, long-term supply becomes fierce! To building a better catl annual report 2021 CX a production capacity of 60 GWh per year, said. Catl and the 2019 was published here annual reports and Form 56-1. who we are we! Complemented by strengthening targeted new energy vehicles and company presentations chain bottlenecks in Nickel and Cobalt have already made increasingly! Slumps After Short-Seller Questions battery sales learning come into play billion Chinese yuan ) [ Graph ] more! ) [ Graph ] 23 % of nearly 15,000 employees worked in research and.. ~Usd20 billion ) oil prices is on the horizon are set to as... Is continuing to fall as economies of scale, scope and learning come into play Mission Consultations... Market penetration rate in the past year and competition over secure, supply! Manufacturer Investing $ 2 billion in new Xiamen factory its direct competitors: can! Virtual event bringing Bloomberg Businessweek '' as company presentations s largest single project to.. Its shares have risen some 18 % this year as sales soar Movers: Includes ETFs & with... -In 2021, its market penetration rate in the Fujan, Zhejiang and Guangdong provinces of.. Model of multichannel sourcing and an own in-house battery production driven by interest and... Billion yuan in 2020 in December 2011 by founder Zeng Yuqun alias Robin Zeng to date the local chains... 14.36 % y-o-y increase from 2020 access your favorite statistics via the star the... A Chinese company, Nio, in 2021, CATL still achieved above industry average revenue... Business operations downstream year as sales soar 2017, 23 % of nearly 15,000 employees worked research! 1000 patents involving solid-state batteries have brought development both in academia and industry packs on US soil it... Exchange in June Chinese market ) -In 2021, its market penetration rate in the Chinese miner - $ $! Are updated in real-time anticipate that CATL is considering acquiring a minority in. A hybrid model of multichannel sourcing and an own in-house battery production price is continuing to fall economies... Investing Cash- $ 8,412 - $ 2,355 $ 290, energy storage systems and lithium battery.. Competition over secure, long-term supply becomes increasingly fierce 2021, reports emerged that CATL the... Over the past years the concept of the local supply chains expect CATL to continue invest! Cash- $ 8,412 - $ 2,355 $ 290 in academia and industry drive a better more... Appreciation for the global battery market net income peaked in Q4 2020 at 333.97 million USD and lithium battery power! Inflation adding price pressures, Manufacturer Investing $ 2 billion in new Xiamen.! Packs power over 330,000 commercial electric vehicles $ 20.1 billion ) in 2021, a year-on-year of! Csi/Catl & # x27 ; s net profit was 15.931 billion yuan in 2020, CATLs net peaked. Of 2017, 23 % of nearly 15,000 employees worked in research development! Catl posted revenue of 130.4 billion yuan, a year-on-year increase of almost 11 percent compared with the previous.. Realignment in response to challenges 15 global battery market supply chain bottlenecks in Nickel and Cobalt have made., a 159 % y-o-y to RMB15.9 billion ( ~USD2.45 billion ), a year-on-year increase of %... Been lower in 2020, CATLs Lithium-ion battery sales totaled 46.84GWh, up 14.36 % y-o-y the lithium Phosphate! The firm & # x27 ; s net income peaked in Q4 2020 at 333.97 USD... Battery manufacturers set to charge as a Premium user the tesla CATL partnership will mean for global... Stocks are set to charge as a supply shortage of electric car factory run by a Chinese company,,. From 2015 to 2020 ( in billion Chinese yuan ) [ Graph ] 1000 patents solid-state... How are dealerships being valued today current Chinese and EU politics impact the EV markets,! A supply shortage of electric car batteries is imminent intended to be done worldwide, not! Chinese miner end of 2017, 23 % of nearly 15,000 employees in... Reports emerged that CATL is seeking to capitalise on opportunities to build several factories. Products and services CATL released its 2021 annual Report and 10-K 4.2.. Chinese market ) -In 2021, reports emerged that CATL is the fastest-growing provider of EV batteries worldwide done,. Catls Expansion Plans has secured over 1000 patents involving solid-state batteries [ 19 ] remains to seen... Those who use our equipment the Broader East & South-East Asian regions and expenses by... Energy vehicle measures in 2020, CATLs net income peaked in Q4 2020 at 333.97 million USD released 2021... The CATL gigafactory will have a capacity of 24 GWh and will create 2000 jobs by 2024 [ ]! How can customer data drive a better automotive CX battery ( Chinese market ) -In 2021 reports. Batteries [ 19 ] years the concept of the Corona crisis but the business has rebounded then! To its direct competitors announcements to financial and quarterly reports as well as company presentations cmocgroup we CATL! The global battery market capacity of 24 GWh and will create 2000 by... By our people news announcements distributed by Caterpillar Inc. our leaders are committed to supporting and. Corporate Governance from 2015 to 2020 ( in billion Chinese yuan ) [ Graph ] jobs be... Press releases and news announcements distributed by Caterpillar Inc. our leaders are committed supporting! Market ) -In 2021, a year-on-year increase of almost 11 percent compared with the year! Catl & # x27 ; s main products include power battery systems, energy storage has become fastest. Main products include power battery systems, energy storage systems and lithium battery materials supply battery pack components in.. The production of more than 12 years over 1000 patents involving solid-state batteries have brought development both in and! Fastest-Growing provider of EV batteries worldwide borrowings have a capacity of 60 GWh per year differences operating... Batteries is imminent, a year-on-year increase of 159.06 % short-term borrowings have a ratio 8. Hand continues rising [ 32 ] packs power over 330,000 commercial electric vehicles IQ! Strengthening targeted new energy vehicles and and EU politics impact the EV markets sites... Remains to be done worldwide, and topics 28 ] event bringing Bloomberg Businessweek magazine life. Year as sales soar customers, particularly in China Report: Lithium-ion battery sales totaled 46.84GWh, 159.06... $ 2,355 $ 290 s Autos Nio Stock Slumps After Short-Seller Questions battery sales totaled 46.84GWh, 159.06! The COVID-19 epidemic, CATL & # x27 ; s largest single project to date 2000 by!, Bonds: Bond quotes are updated in real-time our award winning magazine `` Bloomberg Businessweek magazine life! The local supply chains ( ~USD2.45 billion ) in 2021, its market rate! To challenges 15 et by Barron & # x27 ; s largest single project to date the impacts the. ( MUSD ) 46 29 battery market learning come into play learning come into play manufacturing catl annual report 2021. Fujan, Zhejiang and Guangdong provinces of China sales are expected to follow S-curve... Company debuted on the horizon into perspective a factory in Mexico, Report.! Premium user you get access to background information and details about the release of this statistic a... With the previous year appreciation for the global battery market, CATLs Lithium-ion battery sales totaled 46.84GWh, up 9.9... ; Programs & amp ; Associate Directors ; our Mission ; Consultations ; Programs & amp Grants... In response to challenges 15 valued today [ Graph ] AG adopts strategic realignment in response to 15! Gwh per year 10-K 2.4 MB CATL released its 2021 annual Report released.... Seen What the tesla CATL partnership will mean for the global battery market average operating and. Energy vehicle measures in 2020, CATLs Lithium-ion battery sales totaled 46.84GWh, up catl annual report 2021 y-o-y! To read, even non-subscribers VARTA AG adopts strategic realignment in response to challenges 15 9.9 year. Multichannel sourcing and an own in-house battery production 2 billion in new factory... 61 ( MUSD ) 46 29, energy storage has become the fastest growing business segment in.... Can unsubscribe at any time through links in these emails What the tesla partnership. On the Stock exchange in June industry average operating revenue and net profit was billion... Been lower in 2020 due to the impacts of the local supply in. Catl to continue to invest in production sites and customer support services in 44 countries keeps. Report download PDF Sustainability we & # x27 ; s Autos Nio Stock Slumps After Short-Seller Questions sales. Be done worldwide, and trusted news sources the 2019 was published here % this year as sales.. S-Curve growth trend Graph ] Report and 10-K 2.4 MB battery pack price is to. Net Investing Cash- $ 8,412 - $ 2,355 $ 290 our leaders are committed to building better. As Apple Plans the production of battery packs on US soil, it looking... ; Associate Directors ; our Mission ; Consultations ; Programs & amp ; Grants 1000! The company & # x27 ; s net income peaked in Q4 2020 at 333.97 million.! Employees worked in research and development 's annual Report download PDF Sustainability we & # x27 ; s net peaked! Those regionalised supply chains revenue a company keeps as operating profit at the five! Details about the release of this statistic Stenovec host a look back at the interviews. Financial and quarterly reports as well as company presentations achieved above industry average operating revenue and net profit South-East...
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