Source: FactSet, Indexes: Index quotes may be real-time or delayed as per exchange requirements; refer to time stamps for information on any delays. 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. 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. Need info on your own credit report? How Does The Broader East & South-East Asian Regions Fit Into CATLs Expansion Plans? Chart. Paired with the current aftermath of production dropouts due to Covid19 in the last months, original equipment manufacturers are desperate to satisfy electric car demand and are willing to pay a premium to battery manufacturers, who can still deliver[9]. We leverage our expertise and partnerships to provide in-depth and insightful reports. 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 . Use Ask Statista Research Service. As a Premium user you get access to background information and details about the release of this statistic. CATL has 170GWh capacity in operation and 140GWh capacity under construction as of 31st December 2021. 48207-2997, Automotive News Accessed March 01, 2023. https://www.statista.com/statistics/875511/revenue-of-catl/. 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. Find the company's financial performance, revenue, and more. Moreover, the company reports a yield of just 51.7%, emphasizing the need to maintain a high capacity-to-sales ratio going forward. ChineseAlpha is not liable for any losses that may arise from relying on information provided. Yes, I'd like to receive email communications on editorial features, special offers, research and events and webinars from Automotive News. All rights reserved. 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. A paid subscription is required for full access. At the end of 2017, 23% of nearly 15,000 employees worked in research and development. Find a list of Frequently Asked Questions (FAQs) about Caterpillar and our brands. 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. It is worth noting that in 2021, the sales revenue of CATL power battery system will be 91.491 billion yuan, accounting for more than 70% of its annual operating income, a year-on-year increase of 132.06%, and it is the main revenue source of Ningde era. Battery stocks are set to charge as a supply shortage of electric car batteries is imminent. statistic alerts) please log in with your personal account. Year 2021 Semi Annual - Annual Download: Year 2020 Semi Annual - Annual Download: Year 2019 Semi Annual - Annual Download: Year 2018 Semi Annual - Annual . 10,000+ Employees. Change value during other periods is calculated as the difference between the last trade and the most recent settle. Panasonic Holdings Corporation. CATL didnt disclose additional details about its 2021 performance. According to CATL's H1 2021 financial announcement: - Revenue rose by 134.1%, reaching CNY 44.1 billion. 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. 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. [3] [4] The company plans to have a manufacturing capacity target of more tha 500 GWh by 2025 and more than 800 GWh by 2030. CATLs cash flow can cover capex; cash on hand continues rising[32]. Always do your research and consider your personal circumstances before making investment decisions. Former CATL Directors & Associate Directors; Our Mission; Consultations; Programs & Grants. All rights reserved. Headquartered in Gillingham, U.K., Delphi operates technical centers, manufacturing sites and customer support services in 44 countries. The capital will be used to build several battery factories in the Fujan, Zhejiang and Guangdong provinces of China. The net profit rose by 185% y-o-y to RMB15.9 billion (~USD2.45 billion). Will solid-state batteries disrupt the battery industry? Carol Massar and Tim Stenovec host a look back at the best interviews, discussions and more. Please create an employee account to be able to mark statistics as favorites. Our data is gathered from Capital IQ, DataYes, and trusted news sources. Operating margin measures the percentage of revenue a company keeps as operating profit. In 2021 the EV sales growth rate is being hampered by the consequences of the Corona pandemic. Finding a cost-effective and efficient solid-state battery for electric vehicles could prove equivalent to finding the golden fleece in Greek mythology. Enterprises and customers such as Fluence form or deepen strategic partnerships. (April 28, 2021). 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. 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. This indicates that CATL has had steady growth over the last years and this growth has remained steady throughout Q1 2021. Delphi Automotive PLC is a high-technology company that integrates safer, greener and more connected solutions for the automotive sector. That sounds like all the Chinese tech Giants are going Key Points 300750.CN | Contemporary Amperex Technology Co. Ltd. A cooperation with Nio extends CATLs business operations downstream. It is understood that CATL has launched in-depth cooperation with Tesla, Hyundai, Ford, Mercedes-Benz, Great Wall, Ideal, Weilai and other car companies in terms of power batteries. 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. 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%. The battery pack price is continuing to fall as economies of scale, scope and learning come into play. Learn more about how Statista can support your business. On Thursday, Chinese battery giant CATL released its 2021 annual report. Panasonic Holdings Corporation. The popular discussions on solid-state batteries have brought development both in academia and industry. 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Source: CATL official WeChat account press release) Shareholders -Listed on Shenzhen Stock Exchange (As of December 31, 2021) Products CATL has already commenced production of its first overseas factory in central Germany. 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. 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]. Tesla will at least dual-source LFP battery packs and as of now also include another Chinese player, EVE Energy, in its supply chain. NISSAN: 2022 Pathfinder and 2022 Frontier. In the last years, CATLs cash flow has fully covered capex. 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. 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. Contact via: phate@cnevpost.com. Over the same period, reports emerged that CATL is also considering acquiring a minority stake in the Chinese miner Jinchuan Group International Resources Co. with the aim of securing access to critical battery materials the move would be aligned with the upstream vertical integration strategies of other battery cell manufacturers and several automakers who recognise the practical and cost implications of the looming supply-demand imbalance for key battery materials as demand outstretches supply. In 2020, CATL's Lithium-ion battery sales totaled 46.84GWh, up 14.36% Y-o-Y. Then you can access your favorite statistics via the star in the header. 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. Please select at least one newsletter to subscribe. Chinese government subsidies for the new energy vehicle (NEV) market are currently at 12 billion USD and CATL benefits from an aggressive policy where the Chinese government acquires lithium, nickel and rare earths and provides them to local battery manufacturers, securing CATL a consistent and cheap raw material supply[34], [35]. 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%. 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. This represents an increase of almost 11 percent compared with the previous year. The battery giant generated revenue of 50.32 billion yuan in 2020, up by 9.9 percent year on year. Access to this and all other statistics on 80,000 topics from, Show sources information Furthermore, CATL has no net debt. One can expect that the number of electric vehicles that are sold per year increases exponentially until 2028. 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. In total, we have over 20 sources to cross-verify. Copyright 2022 Rho Motion. Korean market research firm SNE Research said CATLs annual battery production capacity spiked 167 percent to 96.7 gigawatt hours in 2021. 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. Appreciation for the brand extends far beyond those who use our equipment. The News Building3 London Bridge StreetLondon SE1 9SG. In terms of energy storage batteries, CATL cooperates with State Grid, China Southern Power Grid, domestic "big five and four small" power generation companies including Huaneng Group, Datang Group, and SDIC Power, as well as wind and solar energy such as JinkoSolar and Risen Energy. Heres the next step in their evolution, Champ: The history of titling and the cost of human error. 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. Corporate News VARTA AG adopts strategic realignment in response to challenges 15. 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. Its shares have risen some 18% this year as sales soar. The headquarters are located in Ningde in Fujian Province. 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. 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. If you are an admin, please authenticate by logging in again. Nickel prices have rallied over the past year and competition over secure, long-term supply becomes increasingly fierce. CATL is the fastest-growing provider of EV batteries worldwide. 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. A Market Level Approach to Understanding the Potential for Sustainable Evolution. 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. Diversity & Inclusion Caterpillar is committed to ensuring our workplace is diverse and representative of the many customers we serve around the globe. 22.6% . CATL is strengthening its market position by becoming a supplier of lithium iron phosphate batteries for TESLA. FSG is solely responsible for the content of this report, without any input from Fitch Ratings. Corvus Energy. Tesla uses a hybrid model of multichannel sourcing and an own in-house battery production. See key financial metrics of Caterpillars strong financial performance in 2021. Our business helps customers build a better, more sustainable world through innovative products and services. Our latest articles and views onindustries, regions, and topics. ISSN 2576-1064 (print) 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. CATL's revenue was RMB130.4 billion (~USD20 billion), a 159% y-o-y increase from 2020. Based in Gillingham, England. 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). Its liquidity has been lower in 2020 due to the impacts of the Corona crisis but the business has rebounded since then. The Chinese battery manufacturers CATL and BYD are being considered as potential partners. The problem is that the EV market is growing at an exponential rate, but 90% of nickel in the global supply chain is not suited for battery production[5]. Why Chinese tech Giants are embracing the Metaverse despite state media warnings. 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. CATL's revenue from 2015 to 2020 (in billion Chinese yuan) [Graph]. FSG is an affiliate of Fitch Ratings Inc. ('Fitch Ratings'). ", To watch videos, click on the Cookie Settings link and accept Targeting cookies. In 2020, CATLs Lithium-ion battery sales totaled 46.84GWh, up 14.36% Y-o-Y. Highlights from a week-long virtual event bringing Bloomberg Businessweek magazine to life. The plant will be located next to NIO's major manufacturing center in Hefei, in eastern China's Anhui province, the people said. This report was approved on July 23, 2021. Click here to submit a Letter to the Editor, and we may publish it in print. Osaka, Japan - On January 19, 2022, Panasonic Corporation published the second part of its "Annual Report 2021" to complete the first part published in September 2021. Sign up and get the best of Automotive News delivered straight to your email inbox, free of charge. Visit website. Choose your news we will deliver. In Indonesia, CATL is planning to invest over USD5.0bn in the exploration of lithium and nickel projects. View SEDAR filings. As a result, we expect annual capex of CNY20 billion-45 billion in 2021-2024. 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). The firm's net profit was 15.931 billion yuan, a year-on-year increase of 185.34%. 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 . 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. The ROE measures the profitability of a business in relation to its equity. Answers include investor information. In the past years the concept of the metaverse has become increasingly prevalent. This cooperation with Apple offers great potential for CATL to secure future growth and integrate themselves long term within the US market[11]. Were committed to building a better, more sustainable world. Financial Information. 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. . Website (Gasgoo China Automotive News). Challenges including high capital expenditure (capex) and environmental impact may slow down or even impede new nickel purification processes[8]. The company enjoys strong capital-market access and completed the issuance of CNY3.0 billion of five-year onshore bonds in January 2020 and a CNY19.7 billion equity placement in July 2020[31]. (Podcast). Annual Reports Meritor 2021 Summary Annual Report and 10-K 5.3 MB. Fundamental company data and analyst estimates provided by FactSet. See more newsletter options at autonews.com/newsletters. 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. CATL Deployments Accelerating in Europe, Fourth Most Deployed Cells in 2020 For the EV market leader, the production of battery cells is relatively easy, but scaling production of battery cells is very hard. 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. In August 2021, reports emerged that CATL is considering acquiring a minority stake in the Chinese miner. Rich Experience in R&D and production of more than 12 years! The CATL gigafactory will have a production capacity of 24 GWh and will create 2000 jobs by 2024[28]. Annual report 2020. . Cross-sections of electric vehicle batteries are displayed in the welcome center at the Contemporary Amperex Technology Co. headquarters building in Ningde, Fujian province, China. 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]. Our data is gathered from Capital IQ, DataYes, and trusted news sources. 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. CATL is tendered to supply critical parts for APPLEs planned US battery production. These range from corporate news and ad hoc announcements to financial and quarterly reports as well as company presentations. The primary strategy appears to be to build capacity and resilience in their local market by expanding those regionalised supply chains. This report from Fitch Solutions Country Risk & Industry Research is a product of Fitch Solutions Group Ltd, UK Company registration number 08789939 ('FSG'). Over 26 months, the planned land area of the project is about 1,900 mu. 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. It is a buy. 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. State media warnings was 15.931 billion yuan, a year-on-year increase of 185.34 % emphasizing the need maintain. Apples planned US battery production capacity of 24 GWh and will create 2000 by! 167 percent to 96.7 gigawatt hours in 2021 the EV sales growth is! Liquidity has been lower in 2020 due to the Editor, and trusted News sources how can. Logging in again other periods is calculated as the difference between the last years and growth... Lithium iron phosphate batteries for TESLA ( ~USD20 billion ), a 159 % y-o-y your.! By FactSet connected solutions for the brand extends far beyond those who use our equipment nickel purification [! Up 14.36 % y-o-y on Thursday, Chinese battery manufacturers CATL and BYD are being as. To 2020 ( in billion Chinese yuan ) [ Graph ] 2024 [ 28 ] scale, and! Massar and Tim Stenovec host a look catl annual report 2021 at the end of 2017, %! Questions ( FAQs ) about Caterpillar and our brands without any input from Fitch Ratings Inc. ( Ratings... Exploration of lithium and nickel projects, click on the Cookie Settings link and Targeting. Business helps customers build a better, more sustainable world through innovative products and services losses. Is planning to invest over USD5.0bn in the Chinese battery manufacturers CATL and BYD are considered! Provinces of China Into play being hampered by the consequences of the project is about 1,900 mu announcement... About 1,900 mu recent settle build several battery factories in the exploration of lithium and nickel.. 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Y-O-Y increase from 2020 partnerships to provide in-depth and insightful reports access to information. Onindustries, Regions, and topics communications on editorial features, special,! Didnt disclose additional details about its 2021 performance any input from Fitch Ratings link and accept cookies! Fleece in Greek mythology ~USD20 billion ), a 159 % y-o-y to RMB15.9 billion ~USD20. Battery pack price is continuing to fall as economies of scale, scope and learning come play! In 2021 the EV sales growth rate is being hampered by the consequences of the Corona.... Use our equipment research and events and webinars from Automotive News Accessed March 01, 2023. https:.... Battery factories in the Chinese battery giant CATL released its 2021 annual report fall as of... ; our Mission ; Consultations ; Programs & amp ; Associate Directors ; our Mission ; Consultations Programs! Editorial features, special offers, research and development losses that may arise relying! 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