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. 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. 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. 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. We use cookies and browser capability checks to help us deliver our online services, including to learn if you enabled Flash for video or ad blocking. Visit and get more detail information. ISSN 2576-1064 (print) (Podcast). The ROE measures the profitability of a business in relation to its equity. Why? Get to know the business behind theproducts. 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]. 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. 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. 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). Our data is gathered from Capital IQ, DataYes, and trusted news sources. 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. View our current and historical quarterly and annual reports, annual information form, and management proxy circular. These range from corporate news and ad hoc announcements to financial and quarterly reports as well as company presentations. The figures for 2016 through 2017 were taken from this article released in June 2018. cmoc_group. 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). Annual General Meeting Add to Calendar May 3, 2023 Q1 2023 Shipments and Revenues Add to Calendar July 27, 2023 First Half 2023 Results Add to Calendar October 31, 2023 Q3 2023 Shipments and Revenues Past Events 2023 2022 2021 January 5, 2023 Stellantis CEO Carlos Tavares Keynote at CES 2023 Go To Page New York $ 15.85 0.82 % This high P/E ratio indicates that investors are willing to pay a higher share price today because of growth expectations in the future. In China, policymakers were early to identify the auto market as a primary target for economic stimulus. The primary strategy appears to be to build capacity and resilience in their local market by expanding those regionalised supply chains. Our latest articles and views onindustries, regions, and topics. Concentrix: How can customer data drive a better automotive CX? Year 2021 Semi Annual - Annual Download: Year 2020 Semi Annual - Annual Download: Year 2019 Semi Annual - Annual Download: Year 2018 Semi Annual - Annual . With a market share of 32.6% in 2021, CATL is the biggest lithium-ion battery manufacturer for EVs in the world, producing 96.7 GWh of the global 296.8 GWh, up 167.5% year on year. What Is CATLs Existing Capacity Outlook? An electric car factory run by a Chinese company, Nio, in Hefei, China. 30 North Colonnade, London E14 5GN, UK. International stock quotes are delayed as per exchange requirements. Toyota has secured over 1000 patents involving solid-state batteries[19]. 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 . Our teams are dedicated to connecting you with what you need, quickly, efficiently, and professionally. See more newsletter options at autonews.com/newsletters. 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. One Chinese yuan was approximately equal to 0.141157 U.S. dollars on April 22, 2020. 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. 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. This represents an increase of almost 11 percent compared with the previous year. 603993@cmoc.com. Data may be intentionally delayed pursuant to supplier requirements. FSG is an affiliate of Fitch Ratings Inc. ('Fitch Ratings'). 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. 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. CATL is the fastest-growing provider of EV batteries worldwide. With a planned 70GWh capacity, the site will be the largest in Europe. For the EV market leader, the production of battery cells is relatively easy, but scaling production of battery cells is very hard. Insight and analysis of top stories from our award winning magazine "Bloomberg Businessweek". Adamas Intelligence reports that CATL's share in 2021 was 30.7% in the xEVs (BEVs, PHEVs, HEVs) passenger car segment. A Market Level Approach to Understanding the Potential for Sustainable Evolution. Sources: FactSet, Dow Jones, Bonds: Bond quotes are updated in real-time. You can unsubscribe at any time through links in these emails. 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. As a Premium user you get access to background information and details about the release of this statistic. At the same time, CATL disclosed in its financial report that its annual battery capacity has increased from 69.10GWh in 2020 to 170.39Gwh in 2021, an increase of about 1.47 times. Corvus Energy. The company held a net cash position of CNY34 billion in 1H21. 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. We meet customers where they are with our tailored solutions. The net profit rose by 185% y-o-y to RMB15.9 billion (~USD2.45 billion). The Fuding plant is CATL's largest single project to date. In 2020, CATL's revenue totaled around 50 billion Chinese yuan. The electric vehicle battery market is moderately fragmented. 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. Caterpillar is committed to ensuring our workplace is diverse and representative of the many customers we serve around the globe. Enclosure 1. In addition, cash inflows are much higher than net profit. 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. 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. Annual Report. 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). Copyright 2023 Fitch Solutions, Inc., Fitch Ratings, Inc. and their subsidiaries, account for an annualised average of 26.0% of global EV sales between 2021-2030, trend of regionalising supply chains in 2020, Country Risk & Industry Research Key Themes 2023, Global Infrastructure Project Pipeline: Analyst Market Picks, Worldwide Pharmaceutical Market Forecasts, Founded in the coastal city of Ningde, China, in 2011, CATL has risen to become the worlds foremost EV battery-cell producer, employing over 30,000 staff globally and counting automakers such as, We estimate CATLs nominal growth rate (by GWh capacity deployed) between 2016-2020 at over 3,400.0%, more than double that of its closest competitor, South Koreas. Access to this and all other statistics on 80,000 topics from, Show sources information Moreover, the firm has continued to collect more cash from customers than it has spent on expenses throughout the last years. Haig: Buy-Sell Q&A: What is the value of an M&A advisor? You need at least a Starter Account to use this feature. Investors expect CATL to thrive in the future market. 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. 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. 300750.CN | Contemporary Amperex Technology Co. Ltd. CATLs net margin of 11,1% is excellent. In total, we have over 20 sources to cross-verify. 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. 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. 48207-2997, Automotive News 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 . Sources: FactSet, Tullett Prebon, Currencies: Currency quotes are updated in real-time. 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. 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. 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. ", 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. Corvus Energy. This slowdown has been caused by the halt in production due to the Corona Virus outbreak and scalability limitations due to raw material bottlenecks. Headquartered in Gillingham, U.K., Delphi operates technical centers, manufacturing sites and customer support services in 44 countries. 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. Overview and forecasts on trending topics, Industry and market insights and forecasts, Key figures and rankings about companies and products, Consumer and brand insights and preferences in various industries, Detailed information about political and social topics, All key figures about countries and regions, Market forecast and expert KPIs for 600+ segments in 150+ countries, Insights on consumer attitudes and behavior worldwide, Business information on 60m+ public and private companies, Detailed information for 35,000+ online stores and marketplaces. - Net profit hit CNY 4.5 billion, representing a 131.5% growth. How Does The Broader East & South-East Asian Regions Fit Into CATLs Expansion Plans? 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]. 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. 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. 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. Challenges including high capital expenditure (capex) and environmental impact may slow down or even impede new nickel purification processes[8]. On the other hand, energy storage has become the fastest growing business segment in CATL. Its unrestricted cash and cash equivalents to short-term borrowings have a ratio of 8 to 1. Sources: FactSet, Dow Jones, ETF Movers: Includes ETFs & ETNs with volume of at least 50,000. 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. The 2018 figure was published here and the 2019 was published here. 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%. "Catl's Revenue from 2015 to 2020 (in Billion Chinese Yuan). Our expert analysts and guest speakers discuss short- and long-term political and geopolitical risk. If the status quo holds, most of the technology relating to automotive performance will depend on the established major Chinese battery manufacturers (CATL, BYD, Guoxuan and Lishen Battery) and the lions share on the largest Chinese battery producer, CATL. one part. 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. This will ensure that CATL can capitalise on demand growth in key export markets while retaining its domestic dominance to capitalise on the elevated sales outlook for new energy vehicles (NEVs) in China, which we expect to account for an annualised average of 26.0% of global EV sales between 2021-2030. Moreover, the company reports a yield of just 51.7%, emphasizing the need to maintain a high capacity-to-sales ratio going forward. Website (Gasgoo China Automotive News). The net profit rose by 185% y-o-y to RMB15.9 billion (~USD2.45 billion). You can only download this statistic as a Premium user. Meritor 2018 Summary Annual Report and 10-K 2.4 MB. Shareholders' Meeting. Market research suggests that around 30% of global passenger vehicle sales will be electric vehicles by 2030. In August 2021, the Shenzhen listed (SZSE) battery-cell producer announced that it was planning a USD9.0bn private share placement to fund six projects aimed at boosting its LiB production capacity. 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. 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. CMOCgroup The Chinese battery manufacturers CATL and BYD are being considered as potential partners. Will solid-state batteries disrupt the battery industry? In 2020, CATLs Lithium-ion battery sales totaled 46.84GWh, up 14.36% Y-o-Y. Your download link will be emailed to you shortly. 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. 4. CATLs extensive change in operating expenses is mainly driven by interest income and expenses. The total investment of the project will not exceed 13 billion yuan. 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 . Then you can access your favorite statistics via the star in the header. Understand Caterpillar at a glance through resources including our Caterpillar fact sheet, our corporate profile, and more. CATL also researches the solid-state battery chemistry, but if there will be a breakthrough it is not clear which company and which country will be leading the next battery revolution. 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]. Financial Statements Analysis:CATLs 2020 annual report depicts its yearly revenue increased 9.90% Y-o-Y (year to year) to US$7.77Bn and its net profit increased by 22.43% Y-o-Y to US$860M. 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. We invest our time in peer-reviewing all articles from a bottom-up and top-down approach. Corporate Governance. While granular details on existing capacity are not readily available, industry service electrive estimated CATLs production capacity at around 110 GWh in 2020, and indicates that the firm is looking to expand that global capacity to 230 GWh in 2021, 370 GWh in 2022, 540 GWh in 2023, 830 GWh in 2024 and 1,200 GWh in 2025. CATL has a very high P/E ratio compared to its direct competitors. Check out these reports. Net profit totaled 5.58 billion yuan (about 861 million U.S. dollars) last year, a year-on-year rise of 22.4 percent, CATL said in its annual report filed with the Shenzhen Stock Exchange. CATL's revenue from 2015 to 2020 (in billion Chinese yuan) [Graph]. Keith Bradsher/The New York. Apple is talking about building advanced battery production factories in the USA in the process of onshoring supply chains. See key financial metrics of Caterpillars strong financial performance in 2021. Source: FactSet, Indexes: Index quotes may be real-time or delayed as per exchange requirements; refer to time stamps for information on any delays. Capacity and resilience in their local market by expanding those regionalised supply.. Onshoring supply chains total investment of the project will not exceed 13 billion yuan in future! Need to maintain a high capacity-to-sales ratio going forward short-term borrowings have a ratio of 8 to.! Is gathered from Capital IQ, DataYes, and professionally ratio going forward purification processes 8. Net margin of 11,1 % is excellent 185 % y-o-y to RMB15.9 billion ~USD2.45. 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Can unsubscribe at any time through links in these emails can unsubscribe at any time through links in emails...

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