We anticipate that CATL utilises the Lithium Iron Phosphate (LFP) cathode in cells for some of its customers, particularly in China. Financial Information. 86 379 68658030. A paid subscription is required for full access. 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. 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 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. 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. CATL Might Build a Factory in Mexico, Report Says. February 21, 2023. Corvus Energy. A commercially viable solid state-battery technology could disrupt the battery industry. Source: FactSet, Indexes: Index quotes may be real-time or delayed as per exchange requirements; refer to time stamps for information on any delays. The central government encouraged cities to relax car permit quotas complemented by strengthening targeted New Energy Vehicle measures in 2020. 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. Apple has made building manufacturing facilities in the United States a condition for potential battery suppliers. Learn more about how Statista can support 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]. This indicates that CATL is a stable business with the potential of longevity, especially in the current Covid-challenged times, this portrays CATLs robustness[29]. 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. CSI/CATL's lithium battery packs power over 330,000 commercial electric vehicles. To read the article please click on the link we have sent to your email address. 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. The net profit rose by 185% y-o-y to RMB15.9 billion (~USD2.45 billion). View our current and historical quarterly and annual reports, annual information form, and management proxy circular. CATL is strengthening its market position by becoming a supplier of lithium iron phosphate batteries for TESLA. We meet customers where they are with our tailored solutions. For more information, see ourPrivacy Policy. Volkswagen has already started its own battery cell production for electric cars with a pilot line in 2019 and currently builds a 16 GWh battery cell factory with NorthVolt in Salzgitter[23], [24]. 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. 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]. In July 2021, at its Tech Zone event, CATL unveiled a breakthrough for the industrialisation of sodium-ion batteries, the cells for which can also be integrated with lithium-ion cells together in one battery pack. In addition, cash inflows are much higher than net profit. 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. Meritor 2020 Summary Annual Report and 10-K 2 MB. 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%. A Market Level Approach to Understanding the Potential for Sustainable Evolution. 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. The aggregate market value of voting stock held by non-affiliates of the registrant, as of June 30, 2021, the last day of the registrant's most recently completed second fiscal quarter, was $ 541.28 billion (based on the closing price for shares of the registrant's Common Stock as reported by the NASDAQ Global Select Market on June 30, 2021). Click here to submit a Letter to the Editor, and we may publish it in print. Detroit, Michigan In China, policymakers were early to identify the auto market as a primary target for economic stimulus. CATLs revenue was RMB130.4 billion (~USD20 billion), a 159% y-o-y increase from 2020. This report from Fitch Solutions Country Risk & Industry Research is a product of Fitch Solutions Group Ltd, UK Company registration number 08789939 ('FSG'). Heres the next step in their evolution, Champ: The history of titling and the cost of human error. (Podcast). . Change value during other periods is calculated as the difference between the last trade and the most recent settle. The giant released its 2021 Annual Report Preview on January 27: the company expects to achieve a net profit of 14 billion yuan to 16.5 billion yuan, with an increase of 150.75% to 195.52% year-on-year. Annual report 2020. Current Chinese and EU politics impact the EV markets. 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. Keith Bradsher/The New York. 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. This year's Annual Report is published in a series of two parts to provide up-to-date information. The 2018 figure was published here and the 2019 was published here. Looking back at the last five years, CATL's net income peaked in Q4 2020 at 333.97 million USD. Annual Securities Report, etc. Sources: FactSet, Dow Jones, ETF Movers: Includes ETFs & ETNs with volume of at least 50,000. (2021). 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. 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. Sign up and get the best of Automotive News delivered straight to your email inbox, free of charge. The firm's net profit was 15.931 billion yuan, a year-on-year increase of 185.34%. Click here for "Analysis Report: Lithium-Ion Battery (Chinese Market) -In 2021, CATL was No. In 2020, CATL's Lithium-ion battery sales totaled 46.84GWh, up 14.36% Y-o-Y. Looking for information on your own credit? 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 CATL is tendered to supply critical parts for APPLEs planned US battery production. The CATL gigafactory will have a production capacity of 24 GWh and will create 2000 jobs by 2024[28]. The company debuted on the stock exchange in June. [Online]. Use Ask Statista Research Service. Visit and get more detail information. 300750.CN | Contemporary Amperex Technology Co. Ltd. Over 26 months, the planned land area of the project is about 1,900 mu. Consumer demand remains strong. CATL has already commenced production of its first overseas factory in central Germany. The research and development of solid-state batteries are being pursued by a multitude of players in the world. You can unsubscribe at any time through links in these emails. Meritor 2018 Summary Annual Report and 10-K 2.4 MB. - Net profit hit CNY 4.5 billion, representing a 131.5% growth. 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%. Former CATL Directors & Associate Directors; Our Mission; Consultations; Programs & Grants. ChineseAlpha is not liable for any losses that may arise from relying on information provided. The battery pack price is continuing to fall as economies of scale, scope and learning come into play. 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). The company added that its operating cost between January and June 2022 . November 2022 PDF (157.66 KB) Annual Report 2021 (short HTML version) Explore the interactive version of the annual report . What Is CATLs Existing Capacity Outlook? The News Building3 London Bridge StreetLondon SE1 9SG. Delphi Automotive PLC is a high-technology company that integrates safer, greener and more connected solutions for the automotive sector. China produces 72% of the worlds lithium-ion battery cells today and if you want to take advantage of the massive electric vehicle revolution, it is critical to understand the Chinese market and its most prominent players in the industry, such as CATL. to incorporate the statistic into your presentation at any time. All rights reserved. An electric car factory run by a Chinese company, Nio, in Hefei, China. CATLs net margin of 11,1% is excellent. Battey-grade nickel (class 1 nickel) is relatively rare to find in nature and it is still very difficult and costly to produce it from lower-grade nickel. While it might seem that we are not confronted with the metaverse Auto-generated video transcript: 2020. Rich Experience in R&D and production of more than 12 years! Meritor 2017 Summary Annual Report and 10-K 4.2 MB. We expect worldwide EV sales to fall between 4 million and 4.3 million cars for this year. In total, we have over 20 sources to cross-verify. CMOCgroup The leading photovoltaic enterprise Sungrow, the performance was lower than expected, The new thermal photovoltaic cell efficiency can reach 40%, and it is expected to achieve a zero-carbon power grid in the future. Know what you need but not surewhere to find it? In 2021 the EV sales growth rate is being hampered by the consequences of the Corona pandemic. Annual Report. Download 2021 Annual Report Download PDF Sustainability We're committed to building a better, more sustainable world. 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. This indicates that CATL has had steady growth over the last years and this growth has remained steady throughout Q1 2021. The net profit rose by 185% y-o-y to RMB15.9 billion (~USD2.45 billion). 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. 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. "We remain committed to our strategy for long-term profitable growth, which is yielding strong results, and to living our Values in Action. 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. 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CATL has recently made considerable investments to extend its supply chain control and secure raw material supply. Copyright 2022 Rho Motion. CATL holds significant and long-term battery supply contracts with major auto OEMs, including BMW, Daimler, PSA and VW. Our teams are dedicated to connecting you with what you need, quickly, efficiently, and professionally. Adamas Intelligence reports that CATL's share in 2021 was 30.7% in the xEVs (BEVs, PHEVs, HEVs) passenger car segment. Annual Reports. Always do your research and consider your personal circumstances before making investment decisions. 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. Fiscal year is January-December. 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. NIO's move is aimed at reducing its reliance on suppliers such as CATL . CATLs upstream supply chain is heavily anchored within China and the firms growth is heavily intertwined with Chinas economic development. Operating margin measures the percentage of revenue a company keeps as operating profit. Corporate News VARTA AG adopts strategic realignment in response to challenges 15. Show publisher information Panasonic Corporation today reported its consolidated financial results for fiscal 2021, the year ended March 31, 2021. Ultimately, while authorities in the US and Europe want to localise as much of the EV supply chain as possible and promote domestic entities, we expect the scale and expertise of the Asian players to ensure that they remain a critical part of the supply chain in those markets, particularly in Europe. Thank you for registering. Fitch Solutions Group Limited All rights reserved. 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