catl annual report 2021

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. Please select at least one newsletter to subscribe. Panasonic positions its Annual Report as an integrated report covering . 48207-2997, Automotive News 22.6% . Insight and analysis of top stories from our award winning magazine "Bloomberg Businessweek". 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. Looking for information on your own credit? 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. The net profit rose by 185% y-o-y to RMB15.9 billion (~USD2.45 billion). In addition, there are further branches in Shanghai, Jiangsu, Qinghai, Foshan, as well as overseas branches in Munich, Paris, the USA and Japan[7]. 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. CATL has already commenced production of its first overseas factory in central Germany. Detroit, Michigan Enclosure: Annual Report 2021 (Form 56-1 One Report) Documents. During the reporting period, the company's overseas order delivery scale increased rapidly and its overseas business gradually matured, CATL said. Read corporate press releases and news announcements distributed by Caterpillar Inc. Our leaders are committed to supporting customers and driving profitable growth. Current Chinese and EU politics impact the EV markets. 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We leverage our expertise and partnerships to provide in-depth and insightful reports. Osaka, Japan - On January 19, 2022, Panasonic Corporation published the second part of its "Annual Report 2021" to complete the first part published in September 2021. 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. (April 28, 2021). CATL holds significant and long-term battery supply contracts with major auto OEMs, including BMW, Daimler, PSA and VW. CATL released its 2021 annual report on the evening of 21st April 2022. one part. The total investment of the project will not exceed 13 billion yuan. 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. 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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. Yes, I'd like to receive email communications on editorial features, special offers, research and events and webinars from Automotive News. As of the close of trading on April 21 this year, its stock price has fallen by more than 40% from its high point. Diversity & Inclusion Caterpillar is committed to ensuring our workplace is diverse and representative of the many customers we serve around the globe. statistic alerts) please log in with your personal account. We leverage our expertise and partnerships to provide in-depth and insightful reports. In 2020, CATL's Lithium-ion battery sales totaled 46.84GWh, up 14.36% Y-o-Y. 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. 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). CATLs battery pack prices continue to fall, albeit at a slower pace as in the preceding years. Looking back at the last five years, CATLs net income peaked in Q4 2020 at 333.97 million USD. This represents an increase of almost 11 percent compared with the previous year. 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 . The upstart's November 2021 public listing was the sixth-largest in U.S. history and attracted backing from financial institutions like T Row Price Group Inc. in addition to Amazon.com Inc. To use individual functions (e.g., mark statistics as favourites, set 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. 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. [Online]. This slowdown has been caused by the halt in production due to the Corona Virus outbreak and scalability limitations due to raw material bottlenecks. Meritor 2017 Summary Annual Report and 10-K 4.2 MB. Click here for Cat Financial SEC Filings. 2019. FSG is solely responsible for the content of this report, without any input from Fitch Ratings. All rights reserved. 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. 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. 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. Chart. Panasonic Holdings Corporation. 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]. articles a month for anyone to read, even non-subscribers! Keith Bradsher/The New York. Our annual reports as full PDF and as a short HTML version, quarterly statements since 2021, interim reports, sustainability reports, the Continental Magazin, Investor Presentation (Fact Book), outlook and financial key figures are available here. In the last years, CATLs cash flow has fully covered capex. Sources: FactSet, Dow Jones, Bonds: Bond quotes are updated in real-time. Details of Directors, Executive, Controlling Person, Person in charge of Finance and Accounting, Head of Controller and Company Secretary . Its unrestricted cash and cash equivalents to short-term borrowings have a ratio of 8 to 1. CATLs sales to Tesla were RMB13 billion (~USD2 billion), accounting for 10% of CATLs total revenue in 2021. Copyright 2021 Fitch Solutions Group Limited. The electric vehicle battery market is moderately fragmented. 2019. In August 2021, reports emerged that CATL is considering acquiring a minority stake in the Chinese miner Jinchuan Group International Resources Co. with a strategy to securing access to critical battery materials - the move would be aligned with the upstream vertical integration strategies of other battery cell manufacturers. 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 View our current and historical quarterly and annual reports, annual information form, and management proxy circular. Your download link will be emailed to you shortly. 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. 2021 2020 2019 2018 2017 5-year trend; Sales/Revenue: 256,840: 173,547: 143,075: 151,502: 120,596 - The company's main products include power battery systems, energy storage systems and lithium battery materials. GUANGZHOU -- CATL, the world's largest producer of electric vehicle batteries, will spend up to 13.5 billion yuan ($2.09 billion) on a plant in China to produce a new type of lithium battery. Click here for "Analysis Report: Lithium-Ion Battery (Chinese Market) -In 2021, CATL was No. Stocks: Real-time U.S. stock quotes reflect trades reported through Nasdaq only; comprehensive quotes and volume reflect trading in all markets and are delayed at least 15 minutes. 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]. On April 21, the lowest share price of CATL was 398.90 yuan per share, the lowest since June last year. We disclose our all sources as we are committed to full transparency. 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. Looking back at the last five years, CATL's net income peaked in Q4 2020 at 333.97 million USD. Its shares have risen some 18% this year as sales soar. This report from Fitch Solutions Country Risk & Industry Research is a product of Fitch Solutions Group Ltd, UK Company registration number 08789939 ('FSG'). If you are an admin, please authenticate by logging in again. Choose your news we will deliver. 9th Annual B2B Report Webinar Register Now 9th Annual B2B Report Webinar. FactSet (a) does not make any express or implied warranties of any kind regarding the data, including, without limitation, any warranty of merchantability or fitness for a particular purpose or use; and (b) shall not be liable for any errors, incompleteness, interruption or delay, action taken in reliance on any data, or for any damages resulting therefrom. Thank you. What Is CATLs Existing Capacity Outlook? 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 firm's net profit was 15.931 billion yuan, a year-on-year increase of 185.34%. . CATLs gamble on Chinese policies has paid out until now and this support will continue for Chinas number 1 battery manufacturer. Discover how we canmeet your requirements. Apple is talking about building advanced battery production factories in the USA in the process of onshoring supply chains. 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]. Change value during other periods is calculated as the difference between the last trade and the most recent settle. Magna to purchase a commercial fleet of 15 vehicles which we will deliver in December 2022. In addition to that, the firm makes a strong investment in research and development and the company is at the forefront of improving MNC battery chemistries and architecture. Data may be intentionally delayed pursuant to supplier requirements. CATL has 170GWh capacity in operation and 140GWh capacity under construction as of 31st December 2021. Get full access to all features within our Business Solutions. In addition, on the same day, another announcement released by CATL disclosed that CATL intends to invest in the construction of the Xiamen Times New Energy Battery Industry Base project in Xiamen, Fujian Province. 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. 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]. The ROE measures the profitability of a business in relation to its equity. 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? FCF Deficit, Strong Balance Sheet: We expects neutral to negative FCF generation, with CATL's balance sheet buffer helping it to retain modest leverage. Sources: FactSet, Tullett Prebon, Currencies: Currency quotes are updated in real-time. "CATL's revenue from 2015 to 2020 (in billion Chinese yuan)." In the US, the recently announced USD1.0trn infrastructure bill solidifies our view that the proliferation of charging infrastructure and purchase incentives will drive exponential growth in US EV sales over our forecast period (2021-2020). "Catl's Revenue from 2015 to 2020 (in Billion Chinese Yuan). CATLs revenue was RMB130.4 billion (~USD20 billion), a 159% y-o-y increase from 2020. Its operating income reached 130.356 billion yuan ($20.1 billion) in 2021, a year-on-year increase of 159.06%. 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 company debuted on the stock exchange in June. The News Building3 London Bridge StreetLondon SE1 9SG. Contact via: phate@cnevpost.com. 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. The net profit rose by 185% y-o-y to RMB15.9 billion (~USD2.45 billion). Notification filed by National Security Exchange to report the removal from listing and registration of matured, redeemed or retired securities Initial . Cat product offerings include articulated trucks, backhoe loaders, dozers, engines, excavators, generators, motor graders, skid steer loaders and wheel loaders. 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]. Advanced automatic production line! New strategic partnerships are in the CATLs pipeline. 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. 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]. The first phase, which has now started, is said to have a capacity of 60 GWh per year. 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. Learn more about how Statista can support your business. As the biggest lithium-Ion battery producer in China, CATL is likely to fulfill a large part of Teslas new LFP battery demand, but not all. This year's Annual Report is published in a series of two parts to provide up-to-date information. 18, 2022 at 8:34 a.m. 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. Automotive manufacturers could insource battery cell production. Will solid-state batteries disrupt the battery industry? To read the article please click on the link we have sent to your email address. Specifics on cathode chemistry are not often readily available. The gross profit for EV battery, energy storage battery, and battery material are 22%, 28.5%, and 25.1%, respectively. High quality-No complaint! 2018. 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. 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. CATL is tendered to supply critical parts for APPLEs planned US battery production. Annual Securities Report, etc. April 28, 2021. Answers include investor information. Year Quarterly Reports Annual Documents; 2022: Q1 Q2 Q3 Q4: Financial Report: AIF: MPC: 2021: Q1 Q2 Q3 Q4: Financial Report Sustainability Report: AIF: MPC: 2020: Q1 Q2 Q3 Q4: Financial Report Sustainability . On this page, we provide you with all of the publications of VARTA AG. 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]. To inform and empower current and future business leaders by providing the insights, knowledge and connections they need to thrive in a rapidly changing industry. While it might seem that we are not confronted with the metaverse Auto-generated video transcript: ", To watch videos, click on the Cookie Settings link and accept Targeting cookies. Corporate Governance. Toyota has secured over 1000 patents involving solid-state batteries[19]. Tesla will be manufacturing battery cells along with electric vehicles at its planned German factory in Grnheide near Berlin. Danny Lee. 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. You need at least a Starter Account to use this feature. 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 . Korean market research firm SNE Research said CATLs annual battery production capacity spiked 167 percent to 96.7 gigawatt hours in 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. Provides financial information as auditors report of Samsung SDI. CATLs improving bargaining power drives up the leverage ratio, boosting ROE. CATL released its 2021 annual report on the evening of 21stApril 2022. The Fuding plant is CATL's largest single project to date. 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. 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. [5] This report was approved on July 23, 2021. 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 issued a semi-annual performance report stating that in the first half of 2021, operating income was approximately RMB 44.075 billion , an increase of 134.07% year-on-year ; net profit attributable to shareholders of listed companies was approximately RMB 4.484 billion, an increase of 131.45% year-on-year ; basic earnings per share were 1. . 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 . Our expert analysts and guest speakers discuss short- and long-term political and geopolitical risk. 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. 2020. Jul. (2021). 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. Visit website. Download 2021 Annual Report Download PDF Sustainability We're committed to building a better, more sustainable world. CATL has strong liquidity. 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. Annual report 2020. 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. Cryptocurrencies: Cryptocurrency quotes are updated in real-time. 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. Subsequently, the stock price of Ningde era corrected. 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. In Indonesia, CATL is planning to invest over USD5.0bn in the exploration of lithium and nickel projects. There are big jobs to be done worldwide, and that work is powered by our people. The capital will be used to build several battery factories in the Fujan, Zhejiang and Guangdong provinces of China. 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