In addition, there are further branches in Shanghai, Jiangsu, Qinghai, Foshan, as well as overseas branches in Munich, Paris, the USA and Japan[7]. 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. [Online]. 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. In 2020, despite the COVID-19 epidemic, CATL still achieved above industry average operating revenue and net profit. 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. Sources: FactSet, Tullett Prebon, Commodities & Futures: Futures prices are delayed at least 10 minutes as per exchange requirements. Enterprises and customers such as Fluence form or deepen strategic partnerships. 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. ", 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. Answers include investor information. Stocks: Real-time U.S. stock quotes reflect trades reported through Nasdaq only; comprehensive quotes and volume reflect trading in all markets and are delayed at least 15 minutes. On April 21, the lowest share price of CATL was 398.90 yuan per share, the lowest since June last year. Please create an employee account to be able to mark statistics as favorites. 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. In 2020, CATL's revenue totaled around 50 billion Chinese yuan. The Chinese battery cell manufacturer CATL has started production at its largest plant to date in Fuding near Ningde in Fujian province, which is to offer an annual capacity of 120 GWh when completed. CATL is bent on European expansion because it expects huge growth in the European electric vehicle market in response to the EUs tighter CO2 requirements for 2030. Sources: FactSet, Dow Jones, Stock Movers: Gainers, decliners and most actives market activity tables are a combination of NYSE, Nasdaq, NYSE American and NYSE Arca listings. Subsequently, the stock price of Ningde era corrected. Show publisher information 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%. 30 North Colonnade, London E14 5GN, UK. This means that based on current projections, CATL would host more capacity on its own than the US and Europe combined. This slowdown has been caused by the halt in production due to the Corona Virus outbreak and scalability limitations due to raw material bottlenecks. And the capacity utilization rate was 95% in 2021. Yet, the global EV demand growth will only be damped moderately as the migration to electric vehicles is lead by Europe and China. Annual report 2020. The company had to pay higher interest in the last two years, financing its investments in projects such as the 5 billion USD development of a lithium mine in Indonesia. CATL has emerged as one of the biggest winners of the electric car boom, along with Tesla. Car Wars: Is a Rise in Service Leading to Poor Customer Satisfaction? Its shares have risen some 18% this year as sales soar. statistic alerts) please log in with your personal account. Heres what you need to know. CSI/CATL's lithium battery packs power over 330,000 commercial electric vehicles. Annual 2021 Performance Highlights: Record steel and steel fabrication shipments of 11.2 million tons and 789,000 tons, respectively Record net sales of $18.4 billion Record operating income of. In the last years, CATLs cash flow has fully covered capex. 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. 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]. Visit and get more detail information. Statista. Adamas Intelligence reports that CATL's share in 2021 was 30.7% in the xEVs (BEVs, PHEVs, HEVs) passenger car segment. Visit and get more detail information. 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. High quality-No complaint! Looking for information on your own credit? Global outlook on electricity generation 2020-2050, by energy source, Biggest planned green hydrogen projects globally August 2021, Global pumped storage capacity 2021, by leading country, Cumulative global energy storage deployment 2013-2030. Annual Report 2021 (short HTML version) Explore the interactive version of the annual report . 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 . CATL holds significant and long-term battery supply contracts with major auto OEMs, including BMW, Daimler, PSA and VW. The firm enjoys strong improvements in turnover ratio, rapid growth in cash on hand, and a healthy asset structure. 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. CATLs total assets (cash, investments and everything that the business owns that can be liquidated into cash) have been steadily increasing over the last four years. During the reporting period, the company's overseas order delivery scale increased rapidly and its overseas business gradually matured, CATL said. 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. Source: CATL official WeChat account press release) Shareholders -Listed on Shenzhen Stock Exchange (As of December 31, 2021) Products This represents an increase of almost 11 percent compared with the previous year. Our teams are dedicated to connecting you with what you need, quickly, efficiently, and professionally. 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. CATL. Always do your research and consider your personal circumstances before making investment decisions. 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. 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). 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. What EV Battery Chemistries Does CATL Utilise? The firm's net profit was 15.931 billion yuan, a year-on-year increase of 185.34%. 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. 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. 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. In the past years the concept of the metaverse has become increasingly prevalent. 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. The move towards LFP batteries will on the one hand decrease Teslas supply chain risk as LFP batteries do not require any bottleneck resources (nickel and cobalt) and on the other hand increase the number of Teslas sourcing channels overall. Enclosure: Annual Report 2021 (Form 56-1 One Report) Documents. 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. ISSN 2576-1064 (print) Chart. 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 company's supply framework agreement with Tesla, signed in June 2021, provides for the company to supply products to Tesla from 2022 to 2025, the annual report said. . 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). Sources: FactSet, Dow Jones, ETF Movers: Includes ETFs & ETNs with volume of at least 50,000. New strategic partnerships are in the CATLs pipeline. 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]. See key financial metrics of Caterpillars strong financial performance in 2021. CATLs cash flow can cover capex; cash on hand continues rising[32]. As a Premium user you get access to background information and details about the release of this statistic. In total, we have over 20 sources to cross-verify. CATL is the world's largest EV battery manufacturer. A commercially viable solid state-battery technology could disrupt the battery industry. 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. Data are provided 'as is' for informational purposes only and are not intended for trading purposes. NISSAN: 2022 Pathfinder and 2022 Frontier. Discover how we canmeet your requirements. 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. Browse over 2,000 research reportsat the Fitch Solutions Store. Corvus Energy. The net profit rose by 185% y-o-y to RMB15.9 billion (~USD2.45 billion). 300750.CN | Contemporary Amperex Technology Co. Ltd. Will solid-state batteries disrupt the battery industry? ChineseAlpha is not liable for any losses that may arise from relying on information provided. The industries we serve are essential in our modern world. 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. Find the company's financial performance, revenue, and more. The. 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. 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 expert analysts and guest speakers discuss short- and long-term political and geopolitical risk. 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. 2018. 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 . We disclose our all sources as we are committed to full transparency. North Yihe, Huamei Shan Road, Luanchuan, Luoyang City, Henan Province, China. 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. 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. - Net profit hit CNY 4.5 billion, representing a 131.5% growth. This report was approved on July 23, 2021. Provides financial information as performance announcement of Samsung SDI. Meritor 2017 Summary Annual Report and 10-K 4.2 MB. Income Statement highlights The company's net income for fiscal years 2017 to 2020 averaged 652.82 million USD. This cooperation with Apple offers great potential for CATL to secure future growth and integrate themselves long term within the US market[11]. The Fuding plant is CATL's largest single project to date. Check out these reports. The primary strategy appears to be to build capacity and resilience in their local market by expanding those regionalised supply chains. 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. Automotive manufacturers could insource battery cell production. Use Ask Statista Research Service. In August 2021, reports emerged that CATL is considering acquiring a minority stake in the Chinese miner. 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. 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]. Disclaimer: Our content is intended to be used solely for informational and educational purposes, and not as investment advice. It remains to be seen what the Tesla CATL partnership will mean for the global battery market. Its operating income reached 130.356 billion yuan ($20.1 billion) in 2021, a year-on-year increase of 159.06%. All rights reserved. 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. He has been reporting since 2009, mainly on macroeconomics and capital markets. 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. 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. 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%. CATLs extensive change in operating expenses is mainly driven by interest income and expenses. Key Points For the EV market leader, the production of battery cells is relatively easy, but scaling production of battery cells is very hard. 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. You need a Statista Account for unlimited access. 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 . 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. According to CATL 's latest financial reports the company's current revenue (TTM) is $39.87 B . (April 28, 2021). 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. Source: FactSet, Indexes: Index quotes may be real-time or delayed as per exchange requirements; refer to time stamps for information on any delays. The company has been established in December 2011 by founder Zeng Yuqun alias Robin Zeng. An electric car factory run by a Chinese company, Nio, in Hefei, China. Find a list of Frequently Asked Questions (FAQs) about Caterpillar and our brands. The average price of CATLs electric vehicle battery pack fell to 30.7 USD/kWh in 2020, with a reduction of 8.6% year to year, 12,9% short of the 2019 year to year price decrease. ISSN 1557-7686 (online), Fixed Ops Journal sales@manlybatteries.cominfo@manlybatteries.com. The migration to electric vehicles: our content is intended to be seen the... 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