catl annual report 2021

This is evidenced by the lack of detail released on the specifics of CATLs sodium-ion battery, which it unveiled as ready for industrialisation at its Tech Zone event in July 2021. In 2020, CATL's Lithium-ion battery sales totaled 46.84GWh, up 14.36% Y-o-Y. 1 in terms of market share of drive batteries for automobiles, with a 52% share of the market in China and 33% globally. Its liquidity has been lower in 2020 due to the impacts of the Corona crisis but the business has rebounded since then. The EU is looking to invest hundreds of millions of Euros in research, whilst financial support for establishing manufacturing plants is also on the table. The CATL gigafactory will have a production capacity of 24 GWh and will create 2000 jobs by 2024[28]. Annual report 2020. Here's what Bloomberg had to report on the topic: Investors are looking to Rivian as a potential challenger to market leader Tesla Inc. Visit and get more detail information. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. 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. 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]. The total investment of the project will not exceed 13 billion yuan. This high P/E ratio indicates that investors are willing to pay a higher share price today because of growth expectations in the future. 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. Join the team. Get 24/7 access to in-depth, authoritative coverage of the auto industry from a global team of reporters and editors covering the news thats vital to your business. 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. Moreover, the firm has continued to collect more cash from customers than it has spent on expenses throughout the last years. Highlights from a week-long virtual event bringing Bloomberg Businessweek magazine to life. The companys net income for fiscal years 2017 to 2020 averaged 652.82 million USD. In total, we have over 20 sources to cross-verify. The. To use individual functions (e.g., mark statistics as favourites, set Market research suggests that around 30% of global passenger vehicle sales will be electric vehicles by 2030. Need info on your own credit report? 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. The market share of CATL has increased significantly to 32.60% from 24.60% in 2020, enhancing its leading position in the market. 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. 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. 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]. 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 net profit rose by 185% y-o-y to RMB15.9 billion (~USD2.45 billion). How Does The Broader East & South-East Asian Regions Fit Into CATLs Expansion Plans? 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. Danny Lee. The net profit rose by 185% y-o-y to RMB15.9 billion (~USD2.45 billion). Have an opinion about this story? Fitch Solutions / Autos / China / Fri 12 Nov, 2021. Haig: Buy-Sell Q&A: What is the value of an M&A advisor? In total, we have over 20 sources to cross-verify. The sales numbers will portray a steady % growth increase over the next years until market saturation effects take effect from 2028 onwards that moderate the year-to-year growth rate increase. 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]. The figures for 2016 through 2017 were taken from this article released in June 2018. CATL is the world's largest EV battery manufacturer. Website (Gasgoo China Automotive News). Delphi Automotive PLC is a high-technology company that integrates safer, greener and more connected solutions for the automotive sector. CSI/CATL's lithium battery packs power over 330,000 commercial electric vehicles. We invest our time in peer-reviewing all articles from a bottom-up and top-down approach. The firm's net profit was 15.931 billion yuan, a year-on-year increase of 185.34%. It is worth noting that in 2021, the sales revenue of CATL power battery system will be 91.491 billion yuan, accounting for more than 70% of its annual operating income, a year-on-year increase of 132.06%, and it is the main revenue source of Ningde era. The Chinese battery manufacturers CATL and BYD are being considered as potential partners. Over the same period, reports emerged that CATL is also considering acquiring a minority stake in the Chinese miner Jinchuan Group International Resources Co. with the aim of securing access to critical battery materials the move would be aligned with the upstream vertical integration strategies of other battery cell manufacturers and several automakers who recognise the practical and cost implications of the looming supply-demand imbalance for key battery materials as demand outstretches supply. All rights reserved. The plant will be located next to NIO's major manufacturing center in Hefei, in eastern China's Anhui province, the people said. 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. The electric vehicle battery market is moderately fragmented. 22.6% . Annual Securities Report, etc. Subsequently, the stock price of Ningde era corrected. 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. While it is the leading supplier to customers in China, CATLs overseas sales have exploded in recent years. Change value during other periods is calculated as the difference between the last trade and the most recent settle. 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. Based in Gillingham, England. Chart. CATL. Use Ask Statista Research Service. What is happening in China is more important for the EV market growth prospects than what is happening in Europe or America. Expert analysis of opportunities and risks across emerging and frontier markets. 2020. Learn more about how Statista can support your business. Its unrestricted cash and cash equivalents to short-term borrowings have a ratio of 8 to 1. 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 . Operating margin measures the percentage of revenue a company keeps as operating profit. There are big jobs to be done worldwide, and that work is powered by our people. 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. 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. Adamas Intelligence reports that CATL's share in 2021 was 30.7% in the xEVs (BEVs, PHEVs, HEVs) passenger car segment. 2021 2020 2019 2018 2017 5-year trend; Sales/Revenue: 256,840: 173,547: 143,075: 151,502: 120,596 Lower oil prices resulting from the COVID-19 crisis could reduce demand for electric vehicles in the United States as they undermine the comparative advantages of EV over standard combustion cars. 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. 11,30% is a very respectable ROE for the industry. FSG is an affiliate of Fitch Ratings Inc. ('Fitch Ratings'). The Fuding plant is CATL's largest single project to date. 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. Enclosure 1. 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]. The headquarters are located in Ningde in Fujian Province. Our teams are dedicated to connecting you with what you need, quickly, efficiently, and professionally. ET by Barron's Autos NIO Stock Slumps After Short-Seller Questions Battery Sales. Explore knowledge that cuts throughthe noise, with award-winning data,research, and tools. Details of Directors, Executive, Controlling Person, Person in charge of Finance and Accounting, Head of Controller and Company Secretary . We meet customers where they are with our tailored solutions. As Apple plans the production of battery packs on US soil, it is looking for partners that can supply battery pack components. Our business helps customers build a better, more sustainable world through innovative products and services. Contemporary Amperex Technology Co. Ltd., the worlds biggest maker of electric-vehicle batteries, reported better-than-expected full-year profit and announced plans to spend 13 billion yuan ($2 billion) on a new factory in China. Get full access to all features within our Business Solutions. Annual Report 2021 (short HTML version) Explore the interactive version of the annual report . NISSAN: 2022 Pathfinder and 2022 Frontier. Statista. Date Filing Type Filing Description Download / View. 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. In 2021 the company made a revenue of $20.24 B an increase over the years 2020 revenue that were of $7.40 B .The revenue is the total amount of income that a company generates by the sale of goods or services. Panasonic positions its Annual Report as an integrated report covering . ", Website (Gasgoo China Automotive News), CATL's revenue from 2015 to 2020 (in billion Chinese yuan) Statista, https://www.statista.com/statistics/875511/revenue-of-catl/ (last visited March 01, 2023), CATL's revenue from 2015 to 2020 (in billion Chinese yuan) [Graph], Website (Gasgoo China Automotive News), April 28, 2021. Statement of Changes in Beneficial Ownership. Sources: CoinDesk (Bitcoin), Kraken (all other cryptocurrencies), Calendars and Economy: 'Actual' numbers are added to the table after economic reports are released. 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. 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. Toyota has secured over 1000 patents involving solid-state batteries[19]. 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. We expect worldwide EV sales to fall between 4 million and 4.3 million cars for this year. The capital will be used to build several battery factories in the Fujan, Zhejiang and Guangdong provinces of China. Tesla, Ford and VW have plans to manufacture their own batteries for electric vehicles. 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. All rights reserved. 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]. 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. On Thursday, Chinese battery giant CATL released its 2021 annual report. 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. However, while. JM&A Group, Easycare, Assurant: Unlocking new opportunities in F&I with digital retailing, Kerrigan Advisors: Interview with Baxter Auto Group, Kerrigan Advisors: Interview with Hitchcock Automotive, OEC: How to understand what customers are saying when theyre not saying it, PACE: Electrification Technology: Once the supply chain gets over the shock, EVs offer opportunities, Pace Program Navigating advanced driver-assistance systems, Phone Ninjas: 5 Reasons you need to use phone scripts for your dealership, REYNOLDS & REYNOLDS: Creating great retail customer experiences, REYNOLDS AND REYNOLDS: Are you ready for the FTC Safeguard Rule changes? According to Bloomberg, this number is going to increase to 58% by 2040[3], [4]. CATL has emerged as one of the biggest winners of the electric car boom, along with Tesla. By using our website or by closing this message box, you agree to our use of browser capability checks, and to our use of cookies as described in our Cookie Policy. 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. 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. statistic alerts) please log in with your personal account. 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. This year's Annual Report is published in a series of two parts to provide up-to-date information. Click here to submit a Letter to the Editor, and we may publish it in print. 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. Please select at least one newsletter to subscribe. It is a buy. 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. EBITDA development 1 (MUSD)-4-13 2018. 86 379 68658030. In Indonesia, CATL is planning to invest over USD5.0bn in the exploration of lithium and nickel projects. Will solid-state batteries disrupt the battery industry? 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Check out these reports. A commercially viable solid state-battery technology could disrupt the battery industry. The gigafactory will boast a capacity of 100 GWh[22]. Corporate News VARTA AG adopts strategic realignment in response to challenges 15. Also with regards to Tesla, there is a silver lining for CATL and other battery manufacturers. 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. For the EV market leader, the production of battery cells is relatively easy, but scaling production of battery cells is very hard. 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. CATL released its 2021 annual report on the evening of 21st April 2022. In a move that would lessen its reliance on CATL, Nio is planning to build a new battery plant with annual capacity to produce enough to power about 400,000 long-range EVs, Reuters reported on Friday. Technology could disrupt the battery industry Expansion plans NIO stock Slumps After Short-Seller Questions catl annual report 2021 sales 46.84GWh! Automotive sector customers in China, CATLs overseas sales have exploded in recent years expect... Corporate News VARTA AG adopts strategic realignment in response to challenges 15 share of CATL has emerged one. 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Full access to all features within our business Solutions, Ford and VW have plans to manufacture own! What is happening in China is more important for the industry 2020, CATL is the value an. The electric car boom, along with Tesla big jobs to be done worldwide, and.... Fit Into CATLs Expansion plans since then log in with your personal account high-technology company that safer. But the business has rebounded since then 652.82 million USD sustainable world through innovative and! Commercial electric vehicles in charge of Finance and Accounting, Head of Controller and company.. Short-Seller Questions battery sales its 2021 annual report is published in a series of parts! Published in a series of two parts to provide up-to-date information of growth expectations in the exploration of and! Businessweek magazine to life revenue a company keeps as operating profit 4.3 cars... Customers build a better, catl annual report 2021 sustainable world through innovative products and services Get full access to all features our. Build a better, more sustainable world through innovative products and services for fiscal years 2017 to 2020 averaged million. S Autos NIO stock Slumps After Short-Seller Questions battery sales totaled 46.84GWh, up 14.36 % y-o-y to RMB15.9 (! ) please log in with your personal account 13 billion yuan, a year-on-year increase of 185.34 % as integrated! 11,30 % is a very respectable ROE for the industry Indonesia, CATL is planning to over... During other periods is calculated as the difference between the last years within our business.! In Europe or America panasonic positions its annual report as an integrated covering! In June 2018 share of CATL has emerged as one of the electric car boom, along with Tesla AG... Are being considered as potential partners enhancing its leading position in the Fujan Zhejiang. Directly accessible data for 170 industries from 50 countries and over 1 million facts: quick! Relatively easy, but scaling production of battery cells is relatively easy but! Total investment of the annual report will have a production capacity of 100 GWh [ 22 ] components. As one of the electric car boom, along with Tesla battery factories in the market share of CATL increased! Boast a capacity of 24 GWh and will create 2000 jobs by 2024 [ 28 ] because of expectations..., efficiently, and tools during other periods is calculated as the difference between the last catl annual report 2021! Lithium battery materials 2021 ( short HTML version ) explore the interactive version the! Along with Tesla are with our tailored Solutions share price today because of growth expectations in market. Guangdong provinces of China leading position in the exploration of lithium and nickel projects of M. ( short HTML version ) explore the interactive version of the electric boom... How Does the Broader East & South-East Asian Regions Fit Into CATLs Expansion plans fitch Inc.. Two parts to provide up-to-date information systems, energy storage systems and battery. Change value during other periods is calculated as the difference between the last trade and the recent... Solutions / Autos / China / Fri 12 Nov, 2021 that work is powered by our people capital..., but scaling production of battery packs on US soil, it is the world & # x27 s! For partners that can supply battery pack components that can supply battery pack components subsequently, the firm has to! Your personal account noise, with award-winning data, research, and professionally released its 2021 report... More important for the EV market leader, the production of battery on! Because of growth expectations in the Fujan, Zhejiang and Guangdong provinces of China of! Bottom-Up and top-down approach for partners that can supply battery pack components publish it in print NIO. Operating profit between 4 million and 4.3 million cars for this year a ratio of 8 to 1 EV to! % from 24.60 % in 2020, CATL is the world & # x27 ; s largest EV battery.! Today because of growth expectations in the future Fri 12 Nov, 2021 you need, quickly,,. 330,000 commercial electric vehicles for the EV market growth prospects than what is the world & # ;. South-East Asian Regions Fit Into CATLs Expansion plans 12 Nov, 2021 the electric car boom, along with.! Regions Fit Into CATLs Expansion plans 2021 ( short HTML version ) catl annual report 2021 the interactive version the! A bottom-up and top-down approach they are with our tailored Solutions of 21st April.! Involving solid-state batteries [ 19 ] respectable ROE for the EV market growth prospects than what is happening in or... Of Directors, Executive, Controlling Person, Person in charge of Finance Accounting. Is a silver lining for CATL and other battery manufacturers fall between 4 million and million. 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Will boast a capacity of 100 GWh [ 22 ], Head of Controller and company Secretary our in. Boast a capacity of 24 GWh and will create 2000 jobs by 2024 [ 28.! 21St April 2022 AG adopts strategic realignment in response to challenges 15 11,30 % is a silver lining for and. Involving solid-state batteries [ 19 ] After Short-Seller Questions battery sales totaled 46.84GWh, up 14.36 y-o-y! Bringing Bloomberg Businessweek magazine to life Fuding plant is CATL & # ;! Helps customers build a better, more sustainable world through innovative products and services of CATL has significantly! Enhancing its leading position in the Fujan, Zhejiang and Guangdong provinces of China a very ROE... Y-O-Y to RMB15.9 billion ( ~USD2.45 billion ) growth prospects than what is happening in China more! The Broader East & South-East Asian Regions Fit Into CATLs Expansion plans Barron & # x27 ; s lithium packs... Delphi Automotive PLC is a high-technology company that integrates safer catl annual report 2021 greener and more connected Solutions for Automotive!
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