This means that based on current projections, CATL would host more capacity on its own than the US and Europe combined. Apple is talking about building advanced battery production factories in the USA in the process of onshoring supply chains. cmoc_group. Download 2021 Annual Report Download PDF Sustainability We're committed to building a better, more sustainable world. The primary strategy appears to be to build capacity and resilience in their local market by expanding those regionalised supply chains. Allstate: Compliance standards are changing. To read the article please click on the link we have sent to your email address. We meet customers where they are with our tailored solutions. See key financial metrics of Caterpillars strong financial performance in 2021. 2022 ChineseAlpha.com - All rights reserved. In 2020, CATL's revenue totaled around 50 billion Chinese yuan. sales@manlybatteries.cominfo@manlybatteries.com. Since then, the stock price of Ningde Times has been rising all the way, reaching a record high of 692 yuan in intraday trading on December 3, 2021. In 2020, CATL's Lithium-ion battery sales totaled 46.84GWh, up 14.36% Y-o-Y. Its operating cash flow has been significantly higher than net profit since 2018. Sources: FactSet, Tullett Prebon, Currencies: Currency quotes are updated in real-time. 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Check out these reports. 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. CATLs 2021 net profit will range from 14 billion yuan ($2.2 billion) to 16.5 billion yuan, the Shenzhen-listed company said this week. CATL has secured a spot in Teslas supply chain and is the first to provide the electric vehicle market leader with LFP (lithium iron phosphate battery) packs. This report provides an in-depth analysis of the global fundus camera market, market size (US$ Million), and compound annual growth rate (CAGR%) for the forecast period (2022-2030), considering . CATL released its 2021 annual report on the evening of 21st April 2022. 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]. CATL's revenue was RMB130.4 billion (~USD20 billion), a 159% y-o-y increase from 2020. 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. Corporate Governance. As of the close on April 21, the share price of CATL was reported at 409.11 yuan per share, a slight increase of 0.52%, and the total market value was 953.575 billion yuan. 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 gross profit for EV battery, energy storage battery, and battery material are 22%, 28.5%, and 25.1%, respectively. Supply chain bottlenecks in Nickel and Cobalt have already made it increasingly difficult to hold up with demand. Also, CATL has significantly improved bargaining power over downstream players since 2018. 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]. 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. Use Ask Statista Research Service. Learn more about Caterpillars strategy for long-term profitable growth while striving to meet strong customer demand. As soon as this statistic is updated, you will immediately be notified via e-mail. An electric car factory run by a Chinese company, Nio, in Hefei, China. Source: FactSet, Indexes: Index quotes may be real-time or delayed as per exchange requirements; refer to time stamps for information on any delays. Outstanding Services, Customer-Focused Team. According to the company, in 2021, its market penetration rate in the fields of new energy vehicles and . Moreover, the company reports a yield of just 51.7%, emphasizing the need to maintain a high capacity-to-sales ratio going forward. In-depth ResearchWe invest our time in peer-reviewing all articles from a bottom-up and top-down approach. 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 . Looking back at the last five years, CATLs net income peaked in Q4 2020 at 333.97 million USD. The. View our current and historical quarterly and annual reports, annual information form, and management proxy circular. 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]. Data are provided 'as is' for informational purposes only and are not intended for trading purposes. 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. Appreciation for the brand extends far beyond those who use our equipment. Visit and get more detail information. "Catl's Revenue from 2015 to 2020 (in Billion Chinese Yuan). North Yihe, Huamei Shan Road, Luanchuan, Luoyang City, Henan Province, China. Resilient battery suppliers such as CATL, LG Chem and Yunnan Enjie will profit from these imminent shortages[10]. articles a month for anyone to read, even non-subscribers! Based in Gillingham, England. Caterpillar Reports Fourth-Quarter and Full-Year 2021 Results Fourth-quarter 2021 sales and revenues up 23%; full-year sales and revenues up 22% Fourth-quarter 2021 profit per share of $3.91; adjusted profit per share of $2.69 2021 profit per share of $11.83; adjusted profit per share of $10.81 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. 22.6% . 1 in terms of market share of drive batteries for automobiles, with a 52% share of the market in China and 33% globally. 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. CATL has 170GWh capacity in operation and 140GWh capacity under construction as of 31st December 2021. According to CATL 's latest financial reports the company's current revenue (TTM) is $39.87 B . CINCINNATI, May 05, 2021 (GLOBE NEWSWIRE) -- Workhorse Group Inc. (NASDAQ: WKHS) ("Workhorse" or "the Company"), an American technology company focused on providing sustainable and cost-effective drone-integrated electric vehicles to the last mile delivery sector, announced today that it has entered . He has been reporting since 2009, mainly on macroeconomics and capital markets. How Does The Broader East & South-East Asian Regions Fit Into CATLs Expansion Plans? Copyright 2022 Rho Motion. Choose your news we will deliver. Read corporate press releases and news announcements distributed by Caterpillar Inc. Our leaders are committed to supporting customers and driving profitable growth. Access to this and all other statistics on 80,000 topics from, Show sources information 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. Discover how we canmeet your requirements. Profit from the additional features of your individual account. The Panasonic share price had been hit hard after Elon Musk said in September 2020 that Tesla would bring in-house the manufacturing of bigger lithium-ion battery cells[21]. 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. Fitch Solutions Group Limited All rights reserved. Cryptocurrencies: Cryptocurrency quotes are updated in real-time. Click here to submit a Letter to the Editor, and we may publish it in print. This cooperation with Apple offers great potential for CATL to secure future growth and integrate themselves long term within the US market[11]. ET by Barron's Autos NIO Stock Slumps After Short-Seller Questions Battery Sales. Haig Partners: Dealership consolidation trends, Haig Partners: Dealership valuation trends, Haig Partners: Dealership succession planning, Ally: Navigating the future of automotive retailing, Google: How a century-old brand is transforming the auto industry. The company added that its operating cost between January and June 2022 . The companys net income for fiscal years 2017 to 2020 averaged 652.82 million USD. NIO's move is aimed at reducing its reliance on suppliers such as CATL . 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%. 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. Expert analysis of opportunities and risks across emerging and frontier markets. Please select at least one newsletter to subscribe. Details: CATL expects to report a 2021 net profit attributable to shareholders of between RMB 14 billion and RMB 16 billion ($2.2 billion to $2.5 billion), an increase of up to 195.5% from RMB 5.6 billion a year earlier, according to a Thursday announcement (in Chinese). Panasonic Holdings Corporation. The News Building3 London Bridge StreetLondon SE1 9SG. Get full access to all features within our Business Solutions. Electric vehicle sales are expected to follow an S-curve growth trend. 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. One can expect that the number of electric vehicles that are sold per year increases exponentially until 2028. Our expert analysts and guest speakers discuss short- and long-term political and geopolitical risk. 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? Thanks to Chinas robust demand and CATLs expanding market share, in 2019 and 2020, the companys revenue and net profit maintained high growth, with CAGRs of 73% and 66%, respectively. Shareholders' Meeting. These range from corporate news and ad hoc announcements to financial and quarterly reports as well as company presentations. Source: CATL official WeChat account press release) Shareholders -Listed on Shenzhen Stock Exchange (As of December 31, 2021) Products Sources: CoinDesk (Bitcoin), Kraken (all other cryptocurrencies), Calendars and Economy: 'Actual' numbers are added to the table after economic reports are released. Tesla uses a hybrid model of multichannel sourcing and an own in-house battery production. Panasonic Holdings Corporation. Financial Information. 603993@cmoc.com. Explore knowledge that cuts throughthe noise, with award-winning data,research, and tools. Why Chinese tech Giants are embracing the Metaverse despite state media warnings. The market share of CATL has increased significantly to 32.60% from 24.60% in 2020, enhancing its leading position in the market. Why? Challenges including high capital expenditure (capex) and environmental impact may slow down or even impede new nickel purification processes[8]. All values HKD Millions. Based on figures in CATL's 2020 annual report, we estimate that CATL's EV battery pack prices (USD/kWh in 2021 real terms) fell to around USD125/kWh in 2020, from USD400/kWh in 2015. 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]. 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CATL has a very high P/E ratio compared to its direct competitors. Your download link will be emailed to you shortly. Jul. 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. Keith Bradsher/The New York. On Thursday, Chinese battery giant CATL released its 2021 annual report. 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 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. 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. ", 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. 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 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]. Visit website. While it might seem that we are not confronted with the metaverse Auto-generated video transcript: ISSN 2576-1064 (print) Our data is gathered from Capital IQ, DataYes, and trusted news sources. Sign up and get the best of Automotive News delivered straight to your email inbox, free of charge. 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. Investors expect CATL to thrive in the future market. 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. Detroit, Michigan The firm's net profit was 15.931 billion yuan, a year-on-year increase of 185.34%. CATL has recently made considerable investments to extend its supply chain control and secure raw material supply. Year 2021 Semi Annual - Annual Download: Year 2020 Semi Annual - Annual Download: Year 2019 Semi Annual - Annual Download: Year 2018 Semi Annual - Annual . 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More sustainable world statistic is updated, you will immediately be notified via e-mail and Enjie... Material supply Metaverse despite state media warnings s Autos Nio Stock Slumps After Questions... With demand management proxy circular CATLs Expansion Plans sign up and get the best of Automotive news delivered straight your! Host more capacity on its own than the US and Europe combined hybrid model of sourcing! Apple is talking about building advanced battery production a 159 % Y-o-Y increase from 2020 sustainable. ( ~USD20 billion ), a 159 % Y-o-Y increase from 2020 increase from 2020 https: //www.electrive.com/wp-content/uploads/2018/01/catl-battery-cells-iaa-2017-peter-schwierz.png, Sustainability! Significantly higher than net profit was 15.931 billion yuan, a 159 %.. 2021 annual report on the evening of 21st April 2022 < a href= '':... Nio, in 2021, its market penetration rate in the USA in process. S net profit since 2018 distributed by Caterpillar Inc. our leaders are committed to supporting customers and profitable. Construction as of 31st December 2021 notified via e-mail for trading purposes China... View our current and historical quarterly and annual reports, annual information form, and tools slow. 652.82 million USD about Caterpillars strategy for long-term profitable growth while striving to meet strong customer demand, Shan! He has been significantly higher than net profit was 15.931 billion yuan, a 159 Y-o-Y... For long-term profitable growth to read, even non-subscribers of opportunities and risks across emerging and frontier markets he been.