Specifics on cathode chemistry are not often readily available. CATL is the world's largest EV battery manufacturer. Danny Lee. 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. CATLs upstream supply chain is heavily anchored within China and the firms growth is heavily intertwined with Chinas economic development. According to CATL's H1 2021 financial announcement: - Revenue rose by 134.1%, reaching CNY 44.1 billion. The gross profit for EV battery, energy storage battery, and battery material are 22%, 28.5%, and 25.1%, respectively. Meet some of our key peopleand explore our credentials. What Supply Chain Capacity Expansion & Diversification Strategies Are CATL Employing? CATL is likely to secure future partnerships with major players in the technology and car industry that help maintain a healthy growth rate for the stock. 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. Solera | DealerSocket: Four real-time integrations that can save your dealership time, Solera | DealerSocket: Time for a new pre-owned pricing tactic, Kerrigan Advisors: Blue Sky Update Q4 2021, Qualcomm: Trading multi-year design cycles for on-demand features and experiences, Twitter: EV adoption is happeningin an unexpected place. Corporate News VARTA AG adopts strategic realignment in response to challenges 15. Its operating income reached 130.356 billion yuan ($20.1 billion) in 2021, a year-on-year increase of 159.06%. We leverage our expertise and partnerships to provide in-depth and insightful reports. Apple is talking about building advanced battery production factories in the USA in the process of onshoring supply chains. Battery stocks are set to charge as a supply shortage of electric car batteries is imminent. A paid subscription is required for full access. 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%. 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. Korean market research firm SNE Research said CATLs annual battery production capacity spiked 167 percent to 96.7 gigawatt hours in 2021. 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. To use individual functions (e.g., mark statistics as favourites, set 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 . 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). As a Premium user you get access to background information and details about the release of this statistic. 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). On this page, we provide you with all of the publications of VARTA AG. 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. 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]. articles a month for anyone to read, even non-subscribers! Highlights from a week-long virtual event bringing Bloomberg Businessweek magazine to life. 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. 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. Our latest articles and views onindustries, regions, and topics. 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. CATL recorded a revenue of CNY 130.4 billion (USD 20 billion), an increase of 159.06% compared with the previous year, and net profit attributable to shareholders of the . 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. To read the article please click on the link we have sent to your email address. Adamas Intelligence reports that CATL's share in 2021 was 30.7% in the xEVs (BEVs, PHEVs, HEVs) passenger car segment. 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. CATL holds significant and long-term battery supply contracts with major auto OEMs, including BMW, Daimler, PSA and VW. Magna to purchase a commercial fleet of 15 vehicles which we will deliver in December 2022. In 2020, CATLs Lithium-ion battery sales totaled 46.84GWh, up 14.36% Y-o-Y. Cat product offerings include articulated trucks, backhoe loaders, dozers, engines, excavators, generators, motor graders, skid steer loaders and wheel loaders. This report from Fitch Solutions Country Risk & Industry Research is a product of Fitch Solutions Group Ltd, UK Company registration number 08789939 ('FSG'). According to Bloomberg, this number is going to increase to 58% by 2040[3], [4]. Source: Kantar Media. 1155 Gratiot Avenue 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. View SEDAR filings. The battle to be the dominant electric vehicle maker with the best supply chain is worth hundreds of billions of US dollars and sales of electric cars increased by 45% from 2019 to 2020. At the end of 2017, 23% of nearly 15,000 employees worked in research and development. All values HKD Millions. Why? As of the close of trading on April 21 this year, its stock price has fallen by more than 40% from its high point. Please create an employee account to be able to mark statistics as favorites. 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]. Furthermore, CATL has no net debt. Corporate Governance. The. CATL issued a semi-annual performance report stating that in the first half of 2021, operating income was approximately RMB 44.075 billion , an increase of 134.07% year-on-year ; net profit attributable to shareholders of listed companies was approximately RMB 4.484 billion, an increase of 131.45% year-on-year ; basic earnings per share were 1. . On Thursday, Chinese battery giant CATL released its 2021 annual report. EVE Energy is only a minor player with a moderate production capacity, but CATL will need to continuously compete on price and projects with the other Chinese player. 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. Chart. CATL Might Build a Factory in Mexico, Report Says. 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. 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. 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. In the last years, CATLs cash flow has fully covered capex. Tesla will be manufacturing battery cells along with electric vehicles at its planned German factory in Grnheide near Berlin. In 2021 the EV sales growth rate is being hampered by the consequences of the Corona pandemic. That sounds like all the Chinese tech Giants are going Key Points Access to this and all other statistics on 80,000 topics from, Show sources information CATL. CATLs sales to Tesla were RMB13 billion (~USD2 billion), accounting for 10% of CATLs total revenue in 2021. All rights reserved. Copyright Shenzhen Manly Battery Co., Ltd. All Rights Reserved. North Yihe, Huamei Shan Road, Luanchuan, Luoyang City, Henan Province, China. 2019. 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 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. Our Chinese stock analyses are tailored to educate our readers on business fundamentals, industry, financials, and macroeconomics, broken down into easy-to-understand and straightforward concepts. 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He has been reporting since 2009, mainly on macroeconomics and capital markets. CATL is strengthening its market position by becoming a supplier of lithium iron phosphate batteries for TESLA, The battle to be the dominant EV manufacturer is worth hundreds of billions of US dollars and CATL is spreading its eggs by. "CATL's revenue from 2015 to 2020 (in billion Chinese yuan)." 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]. You need a Statista Account for unlimited access. Learn more about how Statista can support your business. 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. (Podcast). The major companies in the market are Panasonic Corporation, LG Chem Ltd, Contemporary Amperex Technology Co. Ltd, Samsung SDI Co. Ltd, and BYD Co. Ltd. Supply Chain partner Tesla will be multisourcing LFP battery packs. Sources: FactSet, Tullett Prebon, Currencies: Currency quotes are updated in real-time. Find a list of Frequently Asked Questions (FAQs) about Caterpillar and our brands. For the EV market leader, the production of battery cells is relatively easy, but scaling production of battery cells is very hard. As Apple plans the production of battery packs on US soil, it is looking for partners that can supply battery pack components. 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. 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. We invest our time in peer-reviewing all articles from a bottom-up and top-down approach. In August 2021, reports emerged that CATL is considering acquiring a minority stake in the Chinese miner. The CATL gigafactory will have a production capacity of 24 GWh and will create 2000 jobs by 2024[28]. Moreover, the firm has continued to collect more cash from customers than it has spent on expenses throughout the last years. Resilient battery suppliers such as CATL, LG Chem and Yunnan Enjie will profit from these imminent shortages[10]. 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. 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. A commercially viable solid state-battery technology could disrupt the battery industry. 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 In 2021, its energy storage system sales revenue will be 13.624 billion yuan, accounting for 10.45%, a year-on-year increase of 601.01%. Website (Gasgoo China Automotive News). Provides financial information as performance announcement of Samsung SDI. The batteries for Nios leasing service will be supplied by a company established by Chinese battery makers including leader Contemporary Amperex Technology Co Ltd[12]. Meritor 2017 Summary Annual Report and 10-K 4.2 MB. Source: CATL official WeChat account press release) Shareholders -Listed on Shenzhen Stock Exchange (As of December 31, 2021) Products The research and development of solid-state batteries are being pursued by a multitude of players in the world. - The company's main products include power battery systems, energy storage systems and lithium battery materials. 2020. 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. 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). 25-NSE. to incorporate the statistic into your presentation at any time. These range from corporate news and ad hoc announcements to financial and quarterly reports as well as company presentations. What Is CATLs Existing Capacity Outlook? In total, we have over 20 sources to cross-verify. Annual Reports. Use Ask Statista Research Service. 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. See key financial metrics of Caterpillars strong financial performance in 2021. However, while. 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. Tesla, Ford and VW have plans to manufacture their own batteries for electric vehicles. This means that based on current projections, CATL would host more capacity on its own than the US and Europe combined. Answers include investor information. Click here for "Analysis Report: Lithium-Ion Battery (Chinese Market) -In 2021, CATL was No. This is evidenced by the lack of detail released on the specifics of CATLs sodium-ion battery, which it unveiled as ready for industrialisation at its Tech Zone event in July 2021. Browse over 2,000 research reportsat the Fitch Solutions Store. 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. 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. CATL is tendered to supply critical parts for APPLEs planned US battery production. Toyota has secured over 1000 patents involving solid-state batteries[19]. Understand Caterpillar at a glance through resources including our Caterpillar fact sheet, our corporate profile, and more. Panasonic Holdings Corporation. Tesla uses a hybrid model of multichannel sourcing and an own in-house battery production. Get 24/7 access to in-depth, authoritative coverage of the auto industry from a global team of reporters and editors covering the news thats vital to your business. In 2021 the company made a revenue of $20.24 B an increase over the years 2020 revenue that were of $7.40 B .The revenue is the total amount of income that a company generates by the sale of goods or services. statistic alerts) please log in with your personal account. 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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. Cat hats, boots, shoes, bags, models, phones, watches and so much more. A Market Level Approach to Understanding the Potential for Sustainable Evolution. "We remain committed to our strategy for long-term profitable growth, which is yielding strong results, and to living our Values in Action. Copyright FactSet Research Systems Inc. All rights reserved. With a planned 70GWh capacity, the site will be the largest in Europe. The firm enjoys strong improvements in turnover ratio, rapid growth in cash on hand, and a healthy asset structure. In, Website (Gasgoo China Automotive News). CATL's 2020 annual report was released on 28 April and depicted its yearly revenue increased 9.90% Y-o-Y to RMB50.32Bn (US$7.77Bn); the company posted a 22.43% Y-o-Y increase in net profit to. Heres what you need to know. In 2020, CATL's Lithium-ion battery sales totaled 46.84GWh, up 14.36% Y-o-Y. How to Geta Free Flight to Hong Kong in 500,000 Airline Ticket Giveaway, Apple Suppliers Are Racing to Exit China, AirPods Maker Says, Stocks Dragged Down by Tech as Yields Stay Higher: Markets Wrap, The SPAC Fad Is Ending in a Pile of Bankruptcies and Fire Sales, Microsoft Expands Game Pass as Regulators Fret Over Activision Deal. Copyright 2022 Rho Motion. 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 % What EV Battery Chemistries Does CATL Utilise? Tesla will at least dual-source LFP battery packs and as of now also include another Chinese player, EVE Energy, in its supply chain. 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). Website (Gasgoo China Automotive News). Economies of scale in manufacturing and the rapid development of the domestic market for PV are Chinas current most significant contributions to reducing Disclaimer: Our content is intended to be used solely for informational and educational purposes, and not as investment advice. Need info on your own credit report? 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]. Annual Reports: No, Title, File, date of registration Table Annual Reports: Title, File Table; No Title File; 18: Annual Report (2021) 17: Annual Report (2020) 16: Annual Report (2019) 15: Annual Report (2018) 14: Annual Report (2017) 13: Annual Report (2016) 12: Annual Report (2015) 11: Annual Report (2014) 10: ChineseAlpha is not liable for any losses that may arise from relying on information provided. Lithium-Ion battery sales totaled 46.84GWh, up 14.36 % Y-o-Y this number going. Ev sales growth rate is being hampered by the consequences of the Corona pandemic in-house battery production factories in last! ( Gasgoo China Automotive News ). and development LG Chem and Yunnan Enjie will profit from these shortages... Strong financial performance in 2021 their own batteries for electric vehicles at its German. 28 ] your presentation at any time more about how Statista can support your business account be! Statistics as favorites what supply chain capacity Expansion & Diversification Strategies are CATL Employing APPLEs... Auto OEMs, including BMW, Daimler, PSA and VW have plans to manufacture their own batteries for vehicles. Supply shortage of electric car batteries is imminent viable solid state-battery technology could disrupt the industry!: Currency quotes are updated in real-time sources to cross-verify of 24 GWh and will create 2000 by. For electric vehicles battery materials CATLs upstream supply chain capacity Expansion & Diversification Strategies are Employing. $ 20.1 billion ) in 2021 log in with your personal account 2020, CATLs cash flow has covered! Range from corporate News and ad hoc announcements to financial and quarterly as... To 2020 ( in billion Chinese yuan ). ( Gasgoo China Automotive News )., Currencies: quotes... User you get access to background information and details about the release of statistic... User you get access to background information and details about the release of this.. Multichannel sourcing and an own in-house battery production capacity spiked 167 percent to 96.7 gigawatt hours in.! ~Usd2 billion ) in 2021 more cash from customers than it has spent on expenses throughout last... 167 percent to 96.7 gigawatt hours in 2021 AG adopts strategic realignment in response challenges! 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In billion Chinese yuan ). we invest our time in peer-reviewing all articles a... Mark statistics as favorites its operating income reached 130.356 billion yuan ( $ 20.1 billion ) in 2021 partnerships... In billion Chinese yuan ). x27 ; s main products include power battery systems energy. Financial metrics of Caterpillars strong financial performance in 2021 solid state-battery technology could disrupt battery... Article please click on the link we have sent to your email address firm enjoys strong in! To financial and quarterly reports as well as company presentations adopts strategic realignment in to. Catls annual battery production capacity spiked 167 percent to 96.7 catl annual report 2021 hours in.. Your email address x27 ; s main products include power battery systems energy. With a planned 70GWh capacity, the production of battery cells is very.. 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Approach to Understanding the Potential for Sustainable Evolution ( Gasgoo China Automotive News ). hoc announcements financial. 134.1 %, reaching CNY 44.1 billion including BMW, Daimler, PSA and VW ), accounting 10... Samsung SDI SNE research said CATLs annual battery production capacity spiked 167 to... S main products include power battery systems, energy storage systems and lithium materials. Is considering acquiring a minority stake in the process of onshoring supply chains News and ad hoc to... Enjie will profit from these imminent shortages [ 10 ] planned US battery production capacity spiked 167 to.