As a Premium user you get access to the detailed source references and background information about this statistic. 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. 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 . Yet, the global EV demand growth will only be damped moderately as the migration to electric vehicles is lead by Europe and China. Insight and analysis of top stories from our award winning magazine "Bloomberg Businessweek". Furthermore, CATL has no net debt. ChineseAlpha is not liable for any losses that may arise from relying on information provided. Meet some of our key peopleand explore our credentials. Corvus Energy. Contemporary Amperex Technology Co. Ltd., the worlds biggest maker of electric-vehicle batteries, reported better-than-expected full-year profit and announced plans to spend 13 billion yuan ($2 billion) on a new factory in China. Finding a cost-effective and efficient solid-state battery for electric vehicles could prove equivalent to finding the golden fleece in Greek mythology. This report was approved on July 23, 2021. Looking for information on your own credit? Copyright FactSet Research Systems Inc. All rights reserved. cmoc_group. 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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. 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. 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. This year's Annual Report is published in a series of two parts to provide up-to-date information. 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]. 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. In addition, cash inflows are much higher than net profit. Yes, I'd like to receive email communications on editorial features, special offers, research and events and webinars from Automotive News. 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. The net profit rose by 185% y-o-y to RMB15.9 billion (~USD2.45 billion). This represents an increase of almost 11 percent compared with the previous year. We expect CATL to continue to invest in production sites and integrating elements of the local supply chains in Europe. 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. Though the energy density properties of the LFP are incomparable to high-nickel cathode types, its lower manufacturing cost (driven by fewer supply-side constraints on input materials), reliability and strong safety outlook have increased its popularity in lower-cost and lower range vehicles, which can dominate in markets where charging infrastructure is readily available to offset losses in vehicle range. With a planned 70GWh capacity, the site will be the largest in Europe. . 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. As Apple plans the production of battery packs on US soil, it is looking for partners that can supply battery pack components. Advanced automatic production line! Caterpillars governance structure provides leadership, accountability, and transparency to the management of the company. 86 379 68658030. CATL Annual Report, 2020-2021; CATL Annual Report, 2019-2020; CATL Annual Report, 2018-2019; CATL Annual Report, 2017-2018; CATL Annual Report, 2016-2017; Center for the Advancement of Teaching & Learning; About Us. Accessed March 01, 2023. https://www.statista.com/statistics/875511/revenue-of-catl/. "CATL's revenue from 2015 to 2020 (in billion Chinese yuan)." 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). Moreover, the firm has continued to collect more cash from customers than it has spent on expenses throughout the last years. CATL is tendered to supply critical parts for APPLEs planned US battery production. Find the company's financial performance, revenue, and more. In-depth ResearchWe invest our time in peer-reviewing all articles from a bottom-up and top-down approach. CATL has emerged as one of the biggest winners of the electric car boom, along with Tesla. You can only download this statistic as a Premium user. How Will CATL Mobilise Resources To Capitalise On The Elevated Demand Outlook In The US & Europe? 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. One Chinese yuan was approximately equal to 0.141157 U.S. dollars on April 22, 2020. 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 battery pack price is continuing to fall as economies of scale, scope and learning come into play. Year 2021 Semi Annual - Annual Download: Year 2020 Semi Annual - Annual Download: Year 2019 Semi Annual - Annual Download: Year 2018 Semi Annual - Annual . 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. Given growing supply, Goldman Sachs sees spot prices of lithium carbonate, a precursor to the compound used in making lithium-ion batteries, sinking to $34,000 a tonne in the next 12 months, from . In China, policymakers were early to identify the auto market as a primary target for economic stimulus. Apple is talking about building advanced battery production factories in the USA in the process of onshoring supply chains. Heres what you need to know. CATL is gearing up to provide Teslas gigafactory Berlin in addition to Teslas gigafactory Shanghai with battery cells, although still at much smaller contract quantities than competitors LGChem and Panasonic. ", To watch videos, click on the Cookie Settings link and accept Targeting cookies. Since then, the stock price of Ningde Times has been rising all the way, reaching a record high of 692 yuan in intraday trading on December 3, 2021. 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). 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. In total, we have over 20 sources to cross-verify. What is happening in China is more important for the EV market growth prospects than what is happening in Europe or America. November 2022 PDF (157.66 KB) CATLs improving bargaining power drives up the leverage ratio, boosting ROE. The company has been established in December 2011 by founder Zeng Yuqun alias Robin Zeng. What Is CATLs Existing Capacity Outlook? Data are provided 'as is' for informational purposes only and are not intended for trading purposes. The companys net income for fiscal years 2017 to 2020 averaged 652.82 million USD. Date Filing Type Filing Description Download / View. 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. CATL. 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]. 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. Based in Gillingham, England. Diversity & Inclusion Caterpillar is committed to ensuring our workplace is diverse and representative of the many customers we serve around the globe. 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. Expert analysis of opportunities and risks across emerging and frontier markets. 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. New strategic partnerships are in the CATLs pipeline. Chinese firm says lithium inflation adding price pressures, Manufacturer investing $2 billion in new Xiamen factory. Enclosure: Annual Report 2021 (Form 56-1 One Report) Documents. At the end of 2017, 23% of nearly 15,000 employees worked in research and development. Apple has made building manufacturing facilities in the United States a condition for potential battery suppliers. The firm's net profit was 15.931 billion yuan, a year-on-year increase of 185.34%. 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). The popular discussions on solid-state batteries have brought development both in academia and industry. 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. Website (Gasgoo China Automotive News). 18, 2022 at 8:34 a.m. 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]. 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. 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. The firm enjoys strong improvements in turnover ratio, rapid growth in cash on hand, and a healthy asset structure. 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. statistic alerts) please log in with your personal account. Cat hats, boots, shoes, bags, models, phones, watches and so much more. In China, gasoline pricing is regulated by the government and as for Europe, the biggest driver of EV in the next two years will be carbon dioxide compliance regulations that require the auto industry to continuously lower CO2 emissions to become CO2 neutral by 2050[13], [14]. Change value during other periods is calculated as the difference between the last trade and the most recent settle. Challenges including high capital expenditure (capex) and environmental impact may slow down or even impede new nickel purification processes[8]. Need info on your own credit report? Panasonic positions its Annual Report as an integrated report covering . 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. 86 379 68658029. In 2020, CATLs Lithium-ion battery sales totaled 46.84GWh, up 14.36% Y-o-Y. CATL has strong liquidity. Please do not hesitate to contact me. 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]. (April 28, 2021). ISSN 2576-1064 (print) Copyright 2021 Fitch Solutions Group Limited. Its operating income reached 130.356 billion yuan ($20.1 billion) in 2021, a year-on-year increase of 159.06%. Sources: CoinDesk (Bitcoin), Kraken (all other cryptocurrencies), Calendars and Economy: 'Actual' numbers are added to the table after economic reports are released. The headquarters are located in Ningde in Fujian Province. 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]. Shareholders' Meeting. It shows that CATL is able to effectively control its costs and provide goods at a price significantly higher than its costs.CATL is on par with Panasonic and outperforms Lg Chem and Samsung SDI when it comes to its return on equity. CATL has 170GWh capacity in operation and 140GWh capacity under construction as of 31st December 2021. 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. Panasonic Corporation today reported its consolidated financial results for fiscal 2021, the year ended March 31, 2021. The firm's net profit was 15.931 billion yuan, a year-on-year increase of 185.34%. Financial Information. This indicates that CATL has had steady growth over the last years and this growth has remained steady throughout Q1 2021. Our data is gathered from Capital IQ, DataYes, and trusted news sources. Get to know the business behind theproducts. Q3 2022 operating results consistent with company expectations; full-year total spending guidance at the low end of the $715 million to $790 million range. articles a month for anyone to read, even non-subscribers! The gross profit for EV battery, energy storage battery, and battery material are 22%, 28.5%, and 25.1%, respectively. 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. While it might seem that we are not confronted with the metaverse Auto-generated video transcript: During the reporting period, the company's overseas order delivery scale increased rapidly and its overseas business gradually matured, CATL said. 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. 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. CATL Deployments Accelerating in Europe, Fourth Most Deployed Cells in 2020 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. EBITDA development 1 (MUSD)-4-13 2018. Annual Reports. There are big jobs to be done worldwide, and that work is powered by our people. Investors expect CATL to thrive in the future market. 10,000+ Employees. However, while. Outstanding Services, Customer-Focused Team. 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? We anticipate that CATL utilises the Lithium Iron Phosphate (LFP) cathode in cells for some of its customers, particularly in China. High quality-No complaint! JM&A Group, Easycare, Assurant: Unlocking new opportunities in F&I with digital retailing, Kerrigan Advisors: Interview with Baxter Auto Group, Kerrigan Advisors: Interview with Hitchcock Automotive, OEC: How to understand what customers are saying when theyre not saying it, PACE: Electrification Technology: Once the supply chain gets over the shock, EVs offer opportunities, Pace Program Navigating advanced driver-assistance systems, Phone Ninjas: 5 Reasons you need to use phone scripts for your dealership, REYNOLDS & REYNOLDS: Creating great retail customer experiences, REYNOLDS AND REYNOLDS: Are you ready for the FTC Safeguard Rule changes? In total, we have over 20 sources to cross-verify. The central government encouraged cities to relax car permit quotas complemented by strengthening targeted New Energy Vehicle measures in 2020. 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].
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