At the end of 2017, 23% of nearly 15,000 employees worked in research and development. Download 2021 Annual Report Download PDF Sustainability We're committed to building a better, more sustainable world. CATLs battery pack prices continue to fall, albeit at a slower pace as in the preceding years. The central government encouraged cities to relax car permit quotas complemented by strengthening targeted New Energy Vehicle measures in 2020. 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. But one has to put the insourcing ambitions of original equipment manufacturers into perspective. However, while. Answers include investor information. 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. 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. In the last years, CATLs cash flow has fully covered capex. Apple is talking about building advanced battery production factories in the USA in the process of onshoring supply chains. CATL is the fastest-growing provider of EV batteries worldwide. Profit from the additional features of your individual account. Data shows that on May 31, 2021, the total market value of CATL exceeded one trillion yuan for the first time, becoming the first company with a market value of one trillion yuan on the ChiNext. Lipper shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon. Check out these reports. A Market Level Approach to Understanding the Potential for Sustainable Evolution. Danny Lee. The plant will be located next to NIO's major manufacturing center in Hefei, in eastern China's Anhui province, the people said. Sources: FactSet, Tullett Prebon, Commodities & Futures: Futures prices are delayed at least 10 minutes as per exchange requirements. One Chinese yuan was approximately equal to 0.141157 U.S. dollars on April 22, 2020. CATL posted revenue of 130.4 billion yuan last year, up 159.06 percent year-on-year, according to the company's annual report released today. 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. 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. A large part of CATL liabilities is represented by funds of upstream and downstream players; its actual interest-bearing debt ratio is low, and the leverage ratio is high[30]. Jul. Cat product offerings include articulated trucks, backhoe loaders, dozers, engines, excavators, generators, motor graders, skid steer loaders and wheel loaders. 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. 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]. 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. 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. February 15, 2023. In 2021 the EV sales growth rate is being hampered by the consequences of the Corona pandemic. 11,30% is a very respectable ROE for the industry. Fitch Solutions Group Limited All rights reserved. CATL's revenue was RMB130.4 billion (~USD20 billion), a 159% y-o-y increase from 2020. 86 379 68658030. This high P/E ratio indicates that investors are willing to pay a higher share price today because of growth expectations in the future. 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). Copyright 2022 Rho Motion. 2019. Find a list of Frequently Asked Questions (FAQs) about Caterpillar and our brands. Secretary of Agriculture Designate Seth Meyer Agricultural Statistics Board Chairperson Joseph L. Parsons 94 99 104 109 114 1996 2001 2006 2011 2016 2021 Million head Cattle Inventory -United States: July 1 The July Cattle report was suspended in 2013 and 2016 due to sequestration. With a planned 70GWh capacity, the site will be the largest in Europe. CATL is tendered to supply critical parts for APPLEs planned US battery production. In August 2021, reports emerged that CATL is considering acquiring a minority stake in the Chinese miner. Yet, the global EV demand growth will only be damped moderately as the migration to electric vehicles is lead by Europe and China. For their electric vehicle line, the majority of global car manufacturers rely on MNC battery cells, cells with a 50-80% nickel, 10-20% manganese, and 10-30% cobalt cathode composition. In a February 23 research note, Goldman Sachs said that because of growing supplies of lithium carbonate, its price is expected to fall to $34,000 a ton in the next 12 months from an average of . Panasonic Holdings Corporation. 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. The primary strategy appears to be to build capacity and resilience in their local market by expanding those regionalised supply chains. 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. CATL. 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. A commercially viable solid state-battery technology could disrupt the battery industry. CATL has already commenced production of its first overseas factory in central Germany. The net profit rose by 185% y-o-y to RMB15.9 billion (~USD2.45 billion). 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 . The ROE measures the profitability of a business in relation to its equity. Statista. 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. 48207-2997, Automotive News Expert analysis of opportunities and risks across emerging and frontier markets. 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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. Apple has made building manufacturing facilities in the United States a condition for potential battery suppliers. Sources: FactSet, Tullett Prebon, Currencies: Currency quotes are updated in real-time. The firm's net profit was 15.931 billion yuan, a year-on-year increase of 185.34%. CATLs upstream supply chain is heavily anchored within China and the firms growth is heavily intertwined with Chinas economic development. What is happening in China is more important for the EV market growth prospects than what is happening in Europe or America. As the biggest lithium-Ion battery producer in China, CATL is likely to fulfill a large part of Teslas new LFP battery demand, but not all. 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. Use Ask Statista Research Service. 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. CATL's sales to Tesla were RMB13 billion (~USD2 billion), accounting for 10% of CATL's total revenue in 2021. 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. It remains to be seen what the Tesla CATL partnership will mean for the global battery market. If you are an admin, please authenticate by logging in again. Lower oil prices resulting from the COVID-19 crisis could reduce demand for electric vehicles in the United States as they undermine the comparative advantages of EV over standard combustion cars. Statement of Changes in Beneficial Ownership. 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. (2021). CATLs net margin of 11,1% is excellent. The Chinese battery manufacturers CATL and BYD are being considered as potential partners. This enables CATL to procure battery materials and production sites at better prices with its economies of scale which translates into lower battery cell/pack costs for its customers. Why? "We remain committed to our strategy for long-term profitable growth, which is yielding strong results, and to living our Values in Action. The Chinese Metaverse is Coming (and Creating Chinas $440 Billion Bet on Nuclear Energy. Annual Income Statement - WSJ DJIA Futures 34028 0.27% U.S. 10 Yr 23/32 Yield 3.742% Euro 1.0723 0.12% Subscribe Sign In Contemporary. 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. 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. Furthermore, CATL has no net debt. Financial Highlights 2020 Revenue 61 (MUSD) 46 29. For context, we estimate the combined capacity in the US and Europe (announced, planned and in operation) at 1021 GWh. 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. Construction, mining, energy and rail. Please do not hesitate to contact me. The company added that its operating cost between January and June 2022 . . Cryptocurrencies: Cryptocurrency quotes are updated in real-time. Moreover, there are strong differences in operating margin & net margin between CATL and the other leading battery manufacturers. Then you can access your favorite statistics via the star in the header. 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. 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. Detroit, Michigan Meet some of our key peopleand explore our credentials. The net margin, often referred to as the bottom line, is a businesss true profitability after accounting for all operating expenses and cost of goods sold (COGS). In addition, cash inflows are much higher than net profit. 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. Net income for 2021 more than doubled to 15.93 billion yuan, the company said late Thursday, beating analyst estimates of 13.51 billion yuan. Website (Gasgoo China Automotive News). 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]. These range from corporate news and ad hoc announcements to financial and quarterly reports as well as company presentations. In total, we have over 20 sources to cross-verify. China is the biggest market for electric vehicles worldwide and the high demand for electric vehicles in the local Chinese market combined with the international demand for CATL battery cells benefits the firms growth. Sources: FactSet, Dow Jones, ETF Movers: Includes ETFs & ETNs with volume of at least 50,000. Former CATL Directors & Associate Directors; Our Mission; Consultations; Programs & Grants. Will solid-state batteries disrupt the battery industry? 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. CATL has 170GWh capacity in operation and 140GWh capacity under construction as of 31st December 2021. CATL Might Build a Factory in Mexico, Report Says. 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. According to Bloomberg, this number is going to increase to 58% by 2040[3], [4]. Worldwide electric car sales topped 2.3 million sales in 2019 (2.7% of 85 million cars sold) and 3.3 million in 2020 (4.7% of 70 million cars sold [1], [2]. The two most prominent were a 2020 $5bn investment in developing a lithium battery plant in Indonesia and a $137m investment in a stake in Congos Kisanfu copper-cobalt mine in 2021[33]. Annual Reports Meritor 2021 Summary Annual Report and 10-K 5.3 MB. This report provides an in-depth analysis of the global fundus camera market, market size (US$ Million), and compound annual growth rate (CAGR%) for the forecast period (2022-2030), considering . The company enjoys strong capital-market access and completed the issuance of CNY3.0 billion of five-year onshore bonds in January 2020 and a CNY19.7 billion equity placement in July 2020[31]. 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. Investors expect CATL to thrive in the future market. 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. 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. View our current and historical quarterly and annual reports, annual information form, and management proxy circular. Experienced AnalystsThe team has high-level experience working for blue-chip institutions like J.P. Morgan and Citibank and has industry knowledge from consulting firms like Accenture, Deloitte, or Roland Berger. The headquarters are located in Ningde in Fujian Province. We disclose our all sources as we are committed to full transparency. statistic alerts) please log in with your personal account. You can unsubscribe at any time through links in these emails. Thank you. NIO's move is aimed at reducing its reliance on suppliers such as CATL . On April 21, the lowest share price of CATL was 398.90 yuan per share, the lowest since June last year. Thank you for registering. As a result, we expect annual capex of CNY20 billion-45 billion in 2021-2024. Visit and get more detail information. 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). April 28, 2021. Moreover, the company reports a yield of just 51.7%, emphasizing the need to maintain a high capacity-to-sales ratio going forward. He has been reporting since 2009, mainly on macroeconomics and capital markets. 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. 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. The research and development of solid-state batteries are being pursued by a multitude of players in the world. A paid subscription is required for full access. Data may be intentionally delayed pursuant to supplier requirements. The Income Statement (earnings report) for Contemporary Amperex Technology Co Ltd Class A. Please select at least one newsletter to subscribe. This means that based on current projections, CATL would host more capacity on its own than the US and Europe combined. 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]. Magna to purchase a commercial fleet of 15 vehicles which we will deliver in December 2022. What does the future have in store for China? In China, policymakers were early to identify the auto market as a primary target for economic stimulus. Meritor 2017 Summary Annual Report and 10-K 4.2 MB. NISSAN: 2022 Pathfinder and 2022 Frontier. Political tension could worsen between China and the Western world, Although Biden is in the White House now as the President of the United States of America, the relationship between the two superpowers remains delicate and new American sanctions have the potential to seriously hurt multinational companies such as CATL. Discover how we canmeet your requirements. CATL has historically controlled and is continuing to control the Chinese battery manufacturing market as it fulfills the lion share of the Chinese battery demand. 603993@cmoc.com. 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. Join the team. 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. Haig Partners: How are dealerships being valued today? 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The preceding years future market to cross-verify proxy circular our all sources as we committed... 1021 GWh was approximately equal to 0.141157 U.S. dollars on April 22, 2020 volume of at least 50,000 to... Anchored within China and the other leading battery manufacturers the research and development solid-state! Between CATL and catl annual report 2021 firms growth is heavily intertwined with Chinas economic development by the consequences of Corona. Ratio indicates that investors are willing to pay a higher share price today because of growth expectations the! A minority stake in the Chinese miner Metaverse is Coming ( and Chinas! 4.2 MB all sources as we are committed to building a better, more world.
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