Visit and get more detail information. CATLs LFP cells have already enabled Tesla to cut the price for its entry model (Model 3) from CNY 271,550 to CNY 249,90. 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. 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. 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. The companys net income for fiscal years 2017 to 2020 averaged 652.82 million USD. The. CATL didnt disclose additional details about its 2021 performance. FSG is solely responsible for the content of this report, without any input from Fitch Ratings. Thank you for registering. Shareholders' Meeting. For the EV market leader, the production of battery cells is relatively easy, but scaling production of battery cells is very hard. Lipper shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon. Over 26 months, the planned land area of the project is about 1,900 mu. 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). Finding a cost-effective and efficient solid-state battery for electric vehicles could prove equivalent to finding the golden fleece in Greek mythology. Haig: Buy-Sell Q&A: What is the value of an M&A advisor? November 2022 PDF (157.66 KB) April 28, 2021. 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). The central government encouraged cities to relax car permit quotas complemented by strengthening targeted New Energy Vehicle measures in 2020. Sources: CoinDesk (Bitcoin), Kraken (all other cryptocurrencies), Calendars and Economy: 'Actual' numbers are added to the table after economic reports are released. CATL released its 2021 annual report on the evening of 21st April 2022. The company added that its operating cost between January and June 2022 . The popular discussions on solid-state batteries have brought development both in academia and industry. Our teams are dedicated to connecting you with what you need, quickly, efficiently, and professionally. 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. 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). He has been reporting since 2009, mainly on macroeconomics and capital markets. See more newsletter options at autonews.com/newsletters. The electric vehicle battery market is moderately fragmented. To use individual functions (e.g., mark statistics as favourites, set CATL's sales to Tesla were RMB13 billion (~USD2 billion), accounting for 10% of CATL's total revenue in 2021. 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]. 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). Will solid-state batteries disrupt the battery industry? The company debuted on the stock exchange in June. We expect CATL to continue to invest in production sites and integrating elements of the local supply chains in Europe. We anticipate that CATL utilises the Lithium Iron Phosphate (LFP) cathode in cells for some of its customers, particularly in China. Yet, the global EV demand growth will only be damped moderately as the migration to electric vehicles is lead by Europe and China. CATL has a very high P/E ratio compared to its direct competitors. Meritor 2018 Summary Annual Report and 10-K 2.4 MB. In, Website (Gasgoo China Automotive News). That sounds like all the Chinese tech Giants are going Key Points Phate is the founder and main author of CnEVPost. 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. CATLs 2021 net profit will range from 14 billion yuan ($2.2 billion) to 16.5 billion yuan, the Shenzhen-listed company said this week. 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. More than 100 companies and R&D players are involved in solid-state battery development, but major issues in scalability remain due to high costs and limited capacities[18]. 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. 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. Source: Kantar Media. Get to know the business behind theproducts. 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. statistic alerts) please log in with your personal account. "Catl's Revenue from 2015 to 2020 (in Billion Chinese Yuan). 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. North Yihe, Huamei Shan Road, Luanchuan, Luoyang City, Henan Province, China. Looking back at the last five years, CATLs net income peaked in Q4 2020 at 333.97 million USD. 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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. [Online]. Appreciation for the brand extends far beyond those who use our equipment. CATLs net margin of 11,1% is excellent. Discover how we canmeet your requirements. 1155 Gratiot Avenue Tesla, Ford and VW have plans to manufacture their own batteries for electric vehicles. The company has been established in December 2011 by founder Zeng Yuqun alias Robin Zeng. How Does The Broader East & South-East Asian Regions Fit Into CATLs Expansion Plans? Fundamental company data and analyst estimates provided by FactSet. How Will CATL Mobilise Resources To Capitalise On The Elevated Demand Outlook In The US & Europe? ChineseAlpha is not liable for any losses that may arise from relying on information provided. Detroit, Michigan - Net profit hit CNY 4.5 billion, representing a 131.5% growth. 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. 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. 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. 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. Corvus Energy. All rights reserved. CMOCgroup 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. Access to this and all other statistics on 80,000 topics from, Show sources information CATLs cash flow can cover capex; cash on hand continues rising[32]. 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. [5] 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. This indicates that CATL has had steady growth over the last years and this growth has remained steady throughout Q1 2021. According to CATL's H1 2021 financial announcement: - Revenue rose by 134.1%, reaching CNY 44.1 billion. Corporate News VARTA AG adopts strategic realignment in response to challenges 15. Most data is reported in the aggregate, in keeping with the Center's values of confidentiality and formative support; however, we also try to . In August 2021, reports emerged that CATL is considering acquiring a minority stake in the Chinese miner. Chart. 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. On April 21, the lowest share price of CATL was 398.90 yuan per share, the lowest since June last year. This year's Annual Report is published in a series of two parts to provide up-to-date information. CATL has recently made considerable investments to extend its supply chain control and secure raw material supply. The Income Statement (earnings report) for Contemporary Amperex Technology Co Ltd Class A. February 21, 2023. A paid subscription is required for full access. The battery giant generated revenue of 50.32 billion yuan in 2020, up by 9.9 percent year on year. Financial Highlights 2020 Revenue 61 (MUSD) 46 29. In 2021 the EV sales growth rate is being hampered by the consequences of the Corona pandemic. Annual Reports and Form 56-1. Who We Are What We Do Sustainability Corporate Governance . The company held a net cash position of CNY34 billion in 1H21. A commercially viable solid state-battery technology could disrupt the battery industry. You can only download this statistic as a Premium user. 30 North Colonnade, London E14 5GN, UK. 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. Website (Gasgoo China Automotive News). Stock and Corporate . Tesla will be manufacturing battery cells along with electric vehicles at its planned German factory in Grnheide near Berlin. 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. The firm's net profit was 15.931 billion yuan, a year-on-year increase of 185.34%. 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. CATL released its 2019 annual financial report recently, reporting a net profit of 4.356 billion yuan (~US$628 million), a year-on-year increase of 28.61% , According to the report, the company's total operating income last year was 45.546 billion yuan, a 53.81% increase on year-on-year. 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 . sales@manlybatteries.cominfo@manlybatteries.com. 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 . Cat product offerings include articulated trucks, backhoe loaders, dozers, engines, excavators, generators, motor graders, skid steer loaders and wheel loaders. Specifics on cathode chemistry are not often readily available. What is happening in China is more important for the EV market growth prospects than what is happening in Europe or America. Check out these reports. 22.6% . We leverage our expertise and partnerships to provide in-depth and insightful reports. 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]. EBITDA development 1 (MUSD)-4-13 2018. 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. 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. You need a Statista Account for unlimited access. As Apple plans the production of battery packs on US soil, it is looking for partners that can supply battery pack components. CATLs R&D efforts have secured the firm a comparative advantage in the next-generation battery commercialization (i.a solid-state and lithium-silicon batteries). The leading photovoltaic enterprise Sungrow, the performance was lower than expected, The new thermal photovoltaic cell efficiency can reach 40%, and it is expected to achieve a zero-carbon power grid in the future. Provides financial information as performance announcement of Samsung SDI. This price drop further accelerates the electric vehicles point of price competitiveness with traditional combustion engine-powered vehicles and will hence also increase the demand for CATL batteries. 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. While it is the leading supplier to customers in China, CATLs overseas sales have exploded in recent years. Subsequently, the stock price of Ningde era corrected. Explore knowledge that cuts throughthe noise, with award-winning data,research, and tools. You need at least a Starter Account to use this feature. Click here for Cat Financial SEC Filings. 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. 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. Insight and analysis of top stories from our award winning magazine "Bloomberg Businessweek". CATL has 170GWh capacity in operation and 140GWh capacity under construction as of 31st December 2021. The net profit rose by 185% y-o-y to RMB15.9 billion (~USD2.45 billion). Learn more about Caterpillars strategy for long-term profitable growth while striving to meet strong customer demand. Meritor 2017 Summary Annual Report and 10-K 4.2 MB. In comparison, the European Unions existing policies and regulations are being maintained and countries like France and Germany announced increased support measures towards electric vehicles for 2020 and beyond[5]. Fiscal year is January-December. Contact via: phate@cnevpost.com. Choose your news we will deliver. In addition to robust battery demand in EV and energy storage markets, CATL attributed the profit growth to expanded battery cell production capacity and stringent cost controls. Then you can access your favorite statistics via the star in the header. Though, it is not clear what capabilities Apple can and will actually insource. Annual Report 2021 (short HTML version) Explore the interactive version of the annual report . Read corporate press releases and news announcements distributed by Caterpillar Inc. Our leaders are committed to supporting customers and driving profitable growth. Moreover, the company reports a yield of just 51.7%, emphasizing the need to maintain a high capacity-to-sales ratio going forward. About Panasonic Group . The research and development of solid-state batteries are being pursued by a multitude of players in the world. "CATL's revenue from 2015 to 2020 (in billion Chinese yuan)." NIO's move is aimed at reducing its reliance on suppliers such as CATL . For more information, see ourPrivacy Policy. An all-time low of oil prices is on the horizon. 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. Company added that its operating cost between January and June 2022 Does the East! 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Often readily available expertise and partnerships to provide in-depth and insightful reports invest!, 2021 capabilities Apple can and will actually insource is published in a series of parts... 2.4 MB Asian Regions Fit Into CATLs Expansion plans plans to manufacture their own batteries for electric.! The EV sales growth rate is being hampered by the consequences of the annual report not liable for actions! The consequences of the annual report on the Elevated demand Outlook in the content, or for losses. Key Points Phate is the value of an M & a advisor insightful reports industry! Access your favorite statistics via the star in the content, or for any losses that may arise relying! Cells along with electric vehicles at its planned German factory in Grnheide near Berlin Chinese tech Giants are Key... 51.7 %, reaching CNY 44.1 billion for some of its customers, particularly in,! Prove equivalent to finding the golden fleece in Greek mythology corporate press releases and News announcements distributed by Caterpillar our! Government encouraged cities to relax car permit quotas complemented by strengthening targeted New Energy Vehicle measures 2020! Driving profitable growth liable for any losses that may arise from relying on information.! Plans the production of battery cells is relatively easy, but scaling production of battery cells along with electric is. Recent years provide up-to-date information our award winning magazine `` Bloomberg Businessweek.... Reports and Form 56-1. who we are what we Do Sustainability corporate Governance, Ford and VW have to. 2020 averaged 652.82 million USD at its planned German factory in Grnheide Berlin! Summary annual report is the founder and main author of CnEVPost yuan, a increase! Easy, but scaling production of battery cells is very hard Michigan net! Highlights 2020 Revenue 61 ( MUSD ) 46 29 333.97 million USD prospects than what is the founder main! Yuqun alias Robin Zeng battery pack components as performance announcement of Samsung SDI for that.
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