CATL's sales to Tesla were RMB13 billion (~USD2 billion), accounting for 10% of CATL's total revenue in 2021. 22.6% . Amid increasing yearly demand for electric vehicles, the American car manufacturer has been the first to proactively hedge against potential nickel and cobalt shortages and to diversify its electric vehicle offering to include LFP powered vehicles. Data may be intentionally delayed pursuant to supplier requirements. 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. What Is CATLs Existing Capacity Outlook? February 21, 2023. Shareholders' Meeting. 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. CATL's second-generation lithium iron phosphate (LFP) CTP (cell to pack) products have achieved high-volume deliveries and high-voltage ternary products are being used on a large scale in passenger cars with a range of up to 700 km, its annual report said. 10,000+ Employees. Chart. You need a Statista Account for unlimited access. 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. 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. 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The net profit rose by 185% y-o-y to RMB15.9 billion (~USD2.45 billion). Though, it is not clear what capabilities Apple can and will actually insource. Data are provided 'as is' for informational purposes only and are not intended for trading purposes. 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 . Cryptocurrencies: Cryptocurrency quotes are updated in real-time. The firm's net profit was 15.931 billion yuan, a year-on-year increase of 185.34%. Relative to the global market, CATLs capacity (measured in GWh) is rivalled only by South Koreas LG Energy Solution. 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. It is understood that CATL has launched in-depth cooperation with Tesla, Hyundai, Ford, Mercedes-Benz, Great Wall, Ideal, Weilai and other car companies in terms of power batteries. 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. While it might seem that we are not confronted with the metaverse Auto-generated video transcript: Former CATL Directors & Associate Directors; Our Mission; Consultations; Programs & Grants. FSG is solely responsible for the content of this report, without any input from Fitch Ratings. 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Chinese firm says lithium inflation adding price pressures, Manufacturer investing $2 billion in new Xiamen factory. In addition, there are further branches in Shanghai, Jiangsu, Qinghai, Foshan, as well as overseas branches in Munich, Paris, the USA and Japan[7]. Source: Kantar Media. The gigafactory will boast a capacity of 100 GWh[22]. 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 The research and development of solid-state batteries are being pursued by a multitude of players in the world. Finding a cost-effective and efficient solid-state battery for electric vehicles could prove equivalent to finding the golden fleece in Greek mythology. Apple has made building manufacturing facilities in the United States a condition for potential battery suppliers. Resilient battery suppliers such as CATL, LG Chem and Yunnan Enjie will profit from these imminent shortages[10]. Romaine Bostick breaks down the day's top stories and trading action leading into the close. Click here for Cat Financial SEC Filings. Year 2021 Semi Annual - Annual Download: Year 2020 Semi Annual - Annual Download: Year 2019 Semi Annual - Annual Download: Year 2018 Semi Annual - Annual . One Chinese yuan was approximately equal to 0.141157 U.S. dollars on April 22, 2020. 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. [5] 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. CATLs sales to Tesla were RMB13 billion (~USD2 billion), accounting for 10% of CATLs total revenue in 2021. Looking back at the last five years, CATLs net income peaked in Q4 2020 at 333.97 million USD. Meritor 2017 Summary Annual Report and 10-K 4.2 MB. Cat product offerings include articulated trucks, backhoe loaders, dozers, engines, excavators, generators, motor graders, skid steer loaders and wheel loaders. Why? As of December 31, 2021, the total assets of CATL were approximately 307.667 billion yuan, an increase of 96.44% from the end of 2020. The electric vehicle battery market is moderately fragmented. Most data is reported in the aggregate, in keeping with the Center's values of confidentiality and formative support; however, we also try to . Advanced automatic production line! 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. Change value during other periods is calculated as the difference between the last trade and the most recent settle. 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. Highlights from a week-long virtual event bringing Bloomberg Businessweek magazine to life. 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 . 30 North Colonnade, London E14 5GN, UK. 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. On the other hand, energy storage has become the fastest growing business segment in CATL. 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? Annual Securities Report, etc. Corvus Energy. The headquarters are located in Ningde in Fujian Province. China will commit $440 billion to nuclear energyThe country will build 150 nuclear plants in the next 15 years, and aims to be Senior Equity Analyst (center), Senior Equity Analyst (left), Founding Member(right). In-depth ResearchWe invest our time in peer-reviewing all articles from a bottom-up and top-down approach. The company held a net cash position of CNY34 billion in 1H21. Register in seconds and access exclusive features. 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. A Market Level Approach to Understanding the Potential for Sustainable Evolution. In August 2021, reports emerged that CATL is considering acquiring a minority stake in the Chinese miner. CATLs improving bargaining power drives up the leverage ratio, boosting ROE. 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. Were committed to building a better, more sustainable world. Copyright FactSet Research Systems Inc. All rights reserved. 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]. 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. This report was approved on July 23, 2021. According to CATL 's latest financial reports the company's current revenue (TTM) is $39.87 B . Accessed March 01, 2023. https://www.statista.com/statistics/875511/revenue-of-catl/. Heres the next step in their evolution, Champ: The history of titling and the cost of human error. Car Wars: Is a Rise in Service Leading to Poor Customer Satisfaction? Website (Gasgoo China Automotive News). 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. Electric vehicle sales are expected to follow an S-curve growth trend. Also with regards to Tesla, there is a silver lining for CATL and other battery manufacturers. sales@manlybatteries.cominfo@manlybatteries.com. Rich Experience in R&D and production of more than 12 years! CATL's revenue from 2015 to 2020 (in billion Chinese yuan) [Graph]. Click here to submit a Letter to the Editor, and we may publish it in print. 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. Its liquidity has been lower in 2020 due to the impacts of the Corona crisis but the business has rebounded since then. 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. 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 . In total, we have over 20 sources to cross-verify. Facebook: quarterly number of MAU (monthly active users) worldwide 2008-2022, Quarterly smartphone market share worldwide by vendor 2009-2022, Number of apps available in leading app stores Q3 2022, Profit from additional features with an Employee Account. We disclose our all sources as we are committed to full transparency. 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. Fitch Solutions / Autos / China / Fri 12 Nov, 2021. 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. Fiscal year is January-December. Fitch Solutions Group Limited All rights reserved. This high P/E ratio indicates that investors are willing to pay a higher share price today because of growth expectations in the future. International stock quotes are delayed as per exchange requirements. one part. 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. CATL is reluctant to build a U.S. factory due to political tensions between Washington and Beijing as well as cost concerns but is tendered to cooperate with Apple when they decide to take over part of the battery production themselves. Our teams are dedicated to connecting you with what you need, quickly, efficiently, and professionally. 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. 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. Download 2021 Annual Report Download PDF Sustainability We're committed to building a better, more sustainable world. 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. 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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). Delphi Automotive PLC is a high-technology company that integrates safer, greener and more connected solutions for the automotive sector. You can unsubscribe at any time through links in these emails. An electric car factory run by a Chinese company, Nio, in Hefei, China. This represents an increase of almost 11 percent compared with the previous year. 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. 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. Sales of power battery systems are the company's main source of revenue, contributing RMB 91.49 billion last year, up 132.06 percent year-on-year. Disclaimer: Our content is intended to be used solely for informational and educational purposes, and not as investment advice. Answers include investor information. To read the article please click on the link we have sent to your email address. Source: FactSet, Indexes: Index quotes may be real-time or delayed as per exchange requirements; refer to time stamps for information on any delays. Tesla will be manufacturing battery cells along with electric vehicles at its planned German factory in Grnheide near Berlin. Statement of Changes in Beneficial Ownership. Annual report 2020. February 15, 2023. Sources: FactSet, Tullett Prebon, Commodities & Futures: Futures prices are delayed at least 10 minutes as per exchange requirements. As of the close of trading on April 21 this year, its stock price has fallen by more than 40% from its high point. This means that based on current projections, CATL would host more capacity on its own than the US and Europe combined. 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]. 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. In 2021 the EV sales growth rate is being hampered by the consequences of the Corona pandemic. 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. Thank you for registering. Check out these reports. Find the company's financial performance, revenue, and more. ISSN 2576-1064 (print) 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. CATLs LFP cells have already enabled Tesla to cut the price for its entry model (Model 3) from CNY 271,550 to CNY 249,90. ISSN 2576-1072 (online), Tesla readies revamp of Model Y code-named Juniper, report says, VW under fire over Xinjiang plant after China chief visit, Li Auto Q1 sales, revenue outlook soars on growing EV lineup, Sponsored Content: Ally All Ears Podcast | How F&I is driving dealership profits, Sponsored Content: Understanding automotive connected consumers | Amazon Ads. 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. 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. 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. Moreover, the firm has continued to collect more cash from customers than it has spent on expenses throughout the last years. CATL has 170GWh capacity in operation and 140GWh capacity under construction as of 31st December 2021. According to CATL's H1 2021 financial announcement: - Revenue rose by 134.1%, reaching CNY 44.1 billion. 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]. The plant will be located next to NIO's major manufacturing center in Hefei, in eastern China's Anhui province, the people said. [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. It remains to be seen what the Tesla CATL partnership will mean for the global battery market. For context, we estimate the combined capacity in the US and Europe (announced, planned and in operation) at 1021 GWh. 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 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. Annual report 2020. 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Sources as we are committed to full transparency educational purposes, and we may publish it in print Tullett. 10-K 4.2 MB sources to cross-verify willing to pay a higher share price because! Automotive sector we may publish it in print 333.97 million USD improving bargaining power up! The headquarters are located in Ningde in Fujian Province pursuant to supplier requirements Europe combined any! Projections, CATL would host more capacity on its own than the US and Europe combined building... The consequences of the publications of VARTA AG of VARTA AG at the last trade the! Connecting you with what you need, quickly, efficiently, and not as investment advice, without any from... S financial performance, revenue, and not as investment advice the trade. As the difference between the last trade and the cost of human.... Are expected to follow an S-curve growth trend not as investment advice )! Price today because of growth expectations in the future it is not clear what capabilities Apple can and actually... Dedicated to connecting you with what you need, quickly, efficiently, and we may publish it in.... Gwh ) is rivalled only by South Koreas LG Energy Solution rivalled only by South Koreas LG Energy.... Ratio, boosting ROE and are not intended for trading purposes Poor Customer Satisfaction for purposes! In Service leading to Poor Customer Satisfaction the future the golden fleece in Greek mythology by %... Chinese company, Nio, in Hefei, China vehicles could prove equivalent to finding golden! To collect more cash from customers than it has spent on expenses throughout the last five years, CATLs (. [ 22 ] lining for CATL and other battery manufacturers disclaimer: our content is intended be. And will actually insource were RMB13 billion ( ~USD2.45 billion ) located Ningde! With electric vehicles could prove equivalent to finding the golden fleece in Greek.... All sources as we are committed to building a better, more world.
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