On Thursday, Chinese battery giant CATL released its 2021 annual report. 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. Copyright 2022 Rho Motion. 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 Income Statement (earnings report) for Contemporary Amperex Technology Co Ltd Class A. An all-time low of oil prices is on the horizon. As a Premium user you get access to background information and details about the release of this statistic. Moreover, the company reports a yield of just 51.7%, emphasizing the need to maintain a high capacity-to-sales ratio going forward. Panasonic Holdings Corporation. 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. The capital will be used to build several battery factories in the Fujan, Zhejiang and Guangdong provinces of China. 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. to incorporate the statistic into your presentation at any time. Outstanding Services, Customer-Focused Team. Corvus Energy. Read corporate press releases and news announcements distributed by Caterpillar Inc. Our leaders are committed to supporting customers and driving profitable growth. Tesla will at least dual-source LFP battery packs and as of now also include another Chinese player, EVE Energy, in its supply chain. CATLs battery pack prices continue to fall, albeit at a slower pace as in the preceding years. Haig: Buy-Sell Q&A: What is the value of an M&A advisor? GUANGZHOU -- CATL, the world's largest producer of electric vehicle batteries, will spend up to 13.5 billion yuan ($2.09 billion) on a plant in China to produce a new type of lithium battery. CATL's sales to Tesla were RMB13 billion (~USD2 billion), accounting for 10% of CATL's total revenue in 2021. The batteries for Nios leasing service will be supplied by a company established by Chinese battery makers including leader Contemporary Amperex Technology Co Ltd[12]. Keith Bradsher/The New York. The firm's net profit was 15.931 billion yuan, a year-on-year increase of 185.34%. Tesla will be manufacturing battery cells along with electric vehicles at its planned German factory in Grnheide near Berlin. The average price of CATLs electric vehicle battery pack fell to 30.7 USD/kWh in 2020, with a reduction of 8.6% year to year, 12,9% short of the 2019 year to year price decrease. These range from corporate news and ad hoc announcements to financial and quarterly reports as well as company presentations. This report provides an in-depth analysis of the global fundus camera market, market size (US$ Million), and compound annual growth rate (CAGR%) for the forecast period (2022-2030), considering . On the other hand, energy storage has become the fastest growing business segment in CATL. Need info on your own credit report? Our team offers customer-focused services and technology. 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. BYD to take on Mercedes-Benz G-Class with 1st model of F brand, report says, China NEV insurance registrations for week ending Feb 26: BYD 39,473, Tesla 10,705, NIO 3,357, NIO has started construction of its battery plant phase 1, report says, NIO says F1 plant running normally after rumors of production halt swirl, NIO reports record Q4 revenue, but falls short of expectations, BYD posts 193,655 NEV sales in Feb, up 28% from Jan, NIO delivers 12,157 vehicles in Feb, up 43% from Jan, Zeekr delivers 5,455 vehicles in Feb, up 75% from Jan. As a result, we expect annual capex of CNY20 billion-45 billion in 2021-2024. Check out these reports. CATL is the world's largest EV battery manufacturer. Always do your research and consider your personal circumstances before making investment decisions. cmoc_group. 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. International stock quotes are delayed as per exchange requirements. With a planned 70GWh capacity, the site will be the largest in Europe. The figures for 2016 through 2017 were taken from this article released in June 2018. Website (Gasgoo China Automotive News). Change value during the period between open outcry settle and the commencement of the next day's trading is calculated as the difference between the last trade and the prior day's settle. 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]. CATL is strengthening its market position by becoming a supplier of lithium iron phosphate batteries for TESLA. ChineseAlpha is not liable for any losses that may arise from relying on information provided. Its operating income reached 130.356 billion yuan ($20.1 billion) in 2021, a year-on-year increase of 159.06%. Income Statement highlights The company's net income for fiscal years 2017 to 2020 averaged 652.82 million USD. In 2021 the EV sales growth rate is being hampered by the consequences of the Corona pandemic. 300750.CN | Contemporary Amperex Technology Co. Ltd. To use individual functions (e.g., mark statistics as favourites, set 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. "CATL's revenue from 2015 to 2020 (in billion Chinese yuan)." CMOCgroup CATL has already commenced production of its first overseas factory in central Germany. CATL's revenue from 2015 to 2020 (in billion Chinese yuan) [Graph]. While we expect to see many more capacity expansion investments in both the US and Europe over the coming years, and this exact scenario is therefore unlikely, it does serve to highlight the scale of CATL relative to the global market. 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 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. High quality-No complaint! If you are an admin, please authenticate by logging in again. 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. The Chinese battery manufacturers CATL and BYD are being considered as potential partners. 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. In addition, there are further branches in Shanghai, Jiangsu, Qinghai, Foshan, as well as overseas branches in Munich, Paris, the USA and Japan[7]. 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. One can expect that the number of electric vehicles that are sold per year increases exponentially until 2028. In total, CATL reports production capacity of 69.1 GWh for 2020 (74.8% utilized) with an additional 77.5 GWh under construction. Sources: FactSet, Dow Jones, ETF Movers: Includes ETFs & ETNs with volume of at least 50,000. CATL. Corporate Governance. 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. Your download link will be emailed to you shortly. CATLs sales to Tesla were RMB13 billion (~USD2 billion), accounting for 10% of CATLs total revenue in 2021. Find a list of Frequently Asked Questions (FAQs) about Caterpillar and our brands. While the move upstream will undoubtedly create a new set of political, economic and operational risks for CATL, we expect the vertical integration of upstream activity through equity interests, partnership and joint ventures to remain integral to the overall strategy of the firm over our forecast period (2021-2020), as this represents the best option for securing access to those critical materials at competitive prices. Cat hats, boots, shoes, bags, models, phones, watches and so much more. Show publisher information In-depth ResearchWe invest our time in peer-reviewing all articles from a bottom-up and top-down approach. The best of the best: the portal for top lists & rankings: Strategy and business building for the data-driven economy: Industry-specific and extensively researched technical data (partially from exclusive partnerships). 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 . 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. As a Premium user you get access to the detailed source references and background information about this statistic. Provides financial information as performance announcement of Samsung SDI. 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. In the long term, CATL is likely to profit from the partnership with Tesla and gain ground in the dew draw with major competitors South Korean LGChem and Japanese Panasonic. Diversity & Inclusion Caterpillar is committed to ensuring our workplace is diverse and representative of the many customers we serve around the globe. Most data is reported in the aggregate, in keeping with the Center's values of confidentiality and formative support; however, we also try to . 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. 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]. . 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. "Catl's Revenue from 2015 to 2020 (in Billion Chinese Yuan). On April 21, the lowest share price of CATL was 398.90 yuan per share, the lowest since June last year. Chart. Fitch Solutions / Autos / China / Fri 12 Nov, 2021. For context, we estimate the combined capacity in the US and Europe (announced, planned and in operation) at 1021 GWh. While it is the leading supplier to customers in China, CATLs overseas sales have exploded in recent years. Were committed to building a better, more sustainable world. Meritor 2020 Summary Annual Report and 10-K 2 MB. Relative to the global market, CATLs capacity (measured in GWh) is rivalled only by South Koreas LG Energy Solution. statistic alerts) please log in with your personal account. Copyright FactSet Research Systems Inc. All rights reserved. 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. Its operating income reached 130.356 billion yuan ($20.1 billion) in 2021, a year-on-year increase of 159.06%. FSG is an affiliate of Fitch Ratings Inc. ('Fitch Ratings'). 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. The CATL gigafactory will have a production capacity of 24 GWh and will create 2000 jobs by 2024[28]. 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. NISSAN: 2022 Pathfinder and 2022 Frontier. Statement of Changes in Beneficial Ownership. Caterpillars governance structure provides leadership, accountability, and transparency to the management of the company. One Chinese yuan was approximately equal to 0.141157 U.S. dollars on April 22, 2020. [5] The companys net income for fiscal years 2017 to 2020 averaged 652.82 million USD. 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. CATL Might Build a Factory in Mexico, Report Says. 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. Enclosure: Annual Report 2021 (Form 56-1 One Report) Documents. CATL, LG Energy Solution Dominate Global EV Battery Landscape, Global EV Battery Manufacturers - Market Share (5M21), %, Source: Adamas Intelligence, Fitch Solutions, Europe, China & The US TO Dominate Global EV Sales, Global - EV Sales By Market, % ave (2021-2030). Website (Gasgoo China Automotive News). Copyright Shenzhen Manly Battery Co., Ltd. All Rights Reserved. In total, we have over 20 sources to cross-verify. 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 % Reports indicate that CATL is seeking to capitalise on opportunities to build supply chain resilience in the East and South-East Asian regions. Visit and get more detail information. [Online]. FSG is solely responsible for the content of this report, without any input from Fitch Ratings. 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. What Is CATLs Existing Capacity Outlook? Expert analysis of opportunities and risks across emerging and frontier markets. [3] [4] The company plans to have a manufacturing capacity target of more tha 500 GWh by 2025 and more than 800 GWh by 2030. You need at least a Starter Account to use this feature. 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. CATL has a very high P/E ratio compared to its direct competitors. Bags, models, phones, watches and so much more has a very high P/E ratio compared to direct. Frequently Asked Questions ( FAQs ) about Caterpillar and our brands in recent years ) is rivalled only by Koreas. Ltd. all Rights Reserved 159.06 % Co., Ltd. all Rights Reserved billion yuan ( $ 20.1 billion in... ( Form 56-1 one Report ) for Contemporary Amperex Technology Co Ltd Class a from... Expect that the number of electric vehicles at its planned German factory in central Germany for.. 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