Corporate Governance. As of 2021, there is a huge battery cell supply shortage and with Teslas ambitions for long-range trucks, this shortage will continue into the future[27]. Copyright 2021 Fitch Solutions Group Limited. On Thursday, Chinese battery giant CATL released its 2021 annual report. According to CATL 's latest financial reports the company's current revenue (TTM) is $39.87 B . Panasonic Holdings Corporation. 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]. Subsequently, the stock price of Ningde era corrected. Learn more about how Statista can support your business. 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? In Japan, the firm is expected to build an energy storage business with an established local player that would grant it further access to non-active battery materials. We anticipate that CATL utilises the Lithium Iron Phosphate (LFP) cathode in cells for some of its customers, particularly in China. CATL's sales to Tesla were RMB13 billion (~USD2 billion), accounting for 10% of CATL's total revenue in 2021. Our teams are dedicated to connecting you with what you need, quickly, efficiently, and professionally. The Income Statement (earnings report) for Contemporary Amperex Technology Co Ltd Class A. Source: Kantar Media. Always do your research and consider your personal circumstances before making investment decisions. 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 . Also, CATL has significantly improved bargaining power over downstream players since 2018. Tesla, Ford and VW have plans to manufacture their own batteries for electric vehicles. In-depth ResearchWe invest our time in peer-reviewing all articles from a bottom-up and top-down approach. 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. Click here to submit a Letter to the Editor, and we may publish it in print. Website (Gasgoo China Automotive News). Annual Reports and Form 56-1. Who We Are What We Do Sustainability Corporate Governance . 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%. All rights reserved. In the past years the concept of the metaverse has become increasingly prevalent. The. Contact via: [email protected]. Rich Experience in R&D and production of more than 12 years! We expect worldwide EV sales to fall between 4 million and 4.3 million cars for this year. The primary strategy appears to be to build capacity and resilience in their local market by expanding those regionalised supply chains. Diversity & Inclusion Caterpillar is committed to ensuring our workplace is diverse and representative of the many customers we serve around the globe. CATL's revenue was RMB130.4 billion (~USD20 billion), a 159% y-o-y increase from 2020. CATL released its 2021 annual report on the evening of 21st April 2022. The headquarters are located in Ningde in Fujian Province. Haig: Buy-Sell Q&A: What is the value of an M&A advisor? 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. Investors expect CATL to thrive in the future market. 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. Tesla will at least dual-source LFP battery packs and as of now also include another Chinese player, EVE Energy, in its supply chain. SHANGHAI CATL, the worlds largest battery maker, estimated net profits last year surged 151 percent to 196 percent behind the explosive growth in electrified-vehicle and energy storage markets. 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. In 2020, CATL's Lithium-ion battery sales totaled 46.84GWh, up 14.36% Y-o-Y. This slowdown has been caused by the halt in production due to the Corona Virus outbreak and scalability limitations due to raw material bottlenecks. Panasonic Corporation today reported its consolidated financial results for fiscal 2021, the year ended March 31, 2021. 11,30% is a very respectable ROE for the industry. Meritor 2019 Summary Annual Report and 10-K 4.3 MB. CATL's revenue from 2015 to 2020 (in billion Chinese yuan) [Graph]. With an increasing number of players working in this field and some milestones being achieved, the solid-state battery market is expected to grow to $8 billion by 2031[17]. Current Chinese and EU politics impact the EV markets. Compared to previous years, its net income decreased in 2018 by 10.9% and increased in 2017 by 43.7%, in 2019 by 34.2% and in 2020 by 21.8%. 2021 2020 2019 2018 2017 5-year trend; Sales/Revenue: 256,840: 173,547: 143,075: 151,502: 120,596 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. CATL has taken the steps to adjust to European policies and from 2022, lithium-ion batteries set for the European market are to be manufactured at the 23-hectare site of the insolvent photovoltaics manufacturer Solarworld. Meritor 2020 Summary Annual Report and 10-K 2 MB. [Online]. Why Chinese tech Giants are embracing the Metaverse despite state media warnings. Accessed March 01, 2023. https://www.statista.com/statistics/875511/revenue-of-catl/. Then you can access your favorite statistics via the star in the header. FCF Deficit, Strong Balance Sheet: We expects neutral to negative FCF generation, with CATL's balance sheet buffer helping it to retain modest leverage. 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 . 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. That sounds like all the Chinese tech Giants are going Key Points The company debuted on the stock exchange in June. Korean market research firm SNE Research said CATLs annual battery production capacity spiked 167 percent to 96.7 gigawatt hours in 2021. Resilient battery suppliers such as CATL, LG Chem and Yunnan Enjie will profit from these imminent shortages[10]. Key Points 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. Meet some of our key peopleand explore our credentials. CATLs sales to Tesla were RMB13 billion (~USD2 billion), accounting for 10% of CATLs total revenue in 2021. We expect CATL to continue to invest in production sites and integrating elements of the local supply chains in Europe. ISSN 2576-1064 (print) 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. 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. Explore knowledge that cuts throughthe noise, with award-winning data,research, and tools. Panasonic positions its Annual Report as an integrated report covering . Advanced automatic production line! Challenges including high capital expenditure (capex) and environmental impact may slow down or even impede new nickel purification processes[8]. 2020-21 Annual Report The annual report contains information about the Programs and Services offered by the CATL team during 2020-2021, organized according to CATL's Objectives. Heres the next step in their evolution, Champ: The history of titling and the cost of human error. 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]. Find a list of Frequently Asked Questions (FAQs) about Caterpillar and our brands. Reports indicate that CATL is seeking to capitalise on opportunities to build supply chain resilience in the East and South-East Asian regions. The total investment of the project will not exceed 13 billion yuan. The company has great future potential as worldwide battery demand is increasing at an exponential rate and it is well-positioned within the supply chain network of major global car manufacturers. - Net profit hit CNY 4.5 billion, representing a 131.5% growth. Please select at least one newsletter to subscribe. 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]. Access to this and all other statistics on 80,000 topics from, Show sources information 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. A Market Level Approach to Understanding the Potential for Sustainable Evolution. Website (Gasgoo China Automotive News). CATLs net margin of 11,1% is excellent. Details of Directors, Executive, Controlling Person, Person in charge of Finance and Accounting, Head of Controller and Company Secretary . 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. In total, we have over 20 sources to cross-verify. The battery giant generated revenue of 50.32 billion yuan in 2020, up by 9.9 percent year on year. Source: CATL official WeChat account press release) Shareholders -Listed on Shenzhen Stock Exchange (As of December 31, 2021) Products CATL , the world's largest electric vehicle (EV) battery manufacturer, reported a 23.6% drop in the first quarter profit on Friday, its first fall in two years, as it battles soaring raw material . Allstate: Compliance standards are changing. 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This indicates that CATL has had steady growth over the last years and this growth has remained steady throughout Q1 2021. With a planned 70GWh capacity, the site will be the largest in Europe. Copyright FactSet Research Systems Inc. All rights reserved. CSI/CATL's lithium battery packs power over 330,000 commercial electric vehicles. (2021). Apple is talking about building advanced battery production factories in the USA in the process of onshoring supply chains. 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). 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). There are big jobs to be done worldwide, and that work is powered by our people. Our latest articles and views onindustries, regions, and topics. . Understand Caterpillar at a glance through resources including our Caterpillar fact sheet, our corporate profile, and more. 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. 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 firms yearly income expenses, the amount of interest that the company has paid on its borrowed money, has more than quadrupled in 2019 and 2020 compared to 2018 and 2017. Moreover, the firm has continued to collect more cash from customers than it has spent on expenses throughout the last years. Annual Securities Report, etc. The News Building3 London Bridge StreetLondon SE1 9SG. 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. 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. What does the future have in store for China? Annual Report. Cat product offerings include articulated trucks, backhoe loaders, dozers, engines, excavators, generators, motor graders, skid steer loaders and wheel loaders. Cryptocurrencies: Cryptocurrency quotes are updated in real-time. 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. (April 28, 2021). We meet customers where they are with our tailored solutions. 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. Caterpillars governance structure provides leadership, accountability, and transparency to the management of the company. Know what you need but not surewhere to find it? 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. Net profit totaled 5.58 billion yuan ($861 million) last year, a year-on-year rise of 22.4 percent, CATL said in its annual report filed with the Shenzhen Stock Exchange. You need at least a Starter Account to use this feature. 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. Asked Questions ( FAQs ) about Caterpillar and our brands why Chinese tech Giants are embracing the metaverse despite media! Continue to invest in production due to the Corona Virus outbreak and scalability limitations to. Battery sales totaled 46.84GWh, up 14.36 % y-o-y increase from 2020 heres the next in... 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Battery suppliers such as CATL, LG Chem and Yunnan Enjie will profit from these shortages...