catl annual report 2021

Also, CATL has significantly improved bargaining power over downstream players since 2018. Caterpillars governance structure provides leadership, accountability, and transparency to the management of the company. Expert analysis of opportunities and risks across emerging and frontier markets. Data may be intentionally delayed pursuant to supplier requirements. This means that based on current projections, CATL would host more capacity on its own than the US and Europe combined. CATL also researches the solid-state battery chemistry, but if there will be a breakthrough it is not clear which company and which country will be leading the next battery revolution. 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]. The primary strategy appears to be to build capacity and resilience in their local market by expanding those regionalised supply chains. 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. China produces 72% of the worlds lithium-ion battery cells today and if you want to take advantage of the massive electric vehicle revolution, it is critical to understand the Chinese market and its most prominent players in the industry, such as CATL. 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. Data are provided 'as is' for informational purposes only and are not intended for trading purposes. The Chinese tech group QingTao Energy Development has started the development of solid-state batteries this year and will spend a major share of its $153 million R&D budget on solid-state batteries and Japanese policymakers have put aside $19.2 billion to support the development of a mass-production infrastructure within Japan for new technology batteries. In 2020, CATL's revenue totaled around 50 billion Chinese yuan. All rights reserved. Statista. CATL released its 2021 annual report on the evening of 21stApril 2022. Accessed March 01, 2023. https://www.statista.com/statistics/875511/revenue-of-catl/. Disclaimer: Our content is intended to be used solely for informational and educational purposes, and not as investment advice. Please select at least one newsletter to subscribe. 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]. Website (Gasgoo China Automotive News). Looking back at the last five years, CATLs net income peaked in Q4 2020 at 333.97 million USD. Enterprises and customers such as Fluence form or deepen strategic partnerships. 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. Provides financial information as auditors report of Samsung SDI. Tesla will be manufacturing battery cells along with electric vehicles at its planned German factory in Grnheide near Berlin. A paid subscription is required for full access. Thank you for registering. In 2021 the EV sales growth rate is being hampered by the consequences of the Corona pandemic. Read & discuss the latest China news, their effects on stock prices, and get in touch with other investors in the ChineseAlpha community by joining our group on Telegram. Jul. All rights reserved. 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. Our team offers customer-focused services and technology. You need a Statista Account for unlimited access. We expect worldwide EV sales to fall between 4 million and 4.3 million cars for this year. 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. The 2018 figure was published here and the 2019 was published here. . 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. These range from corporate news and ad hoc announcements to financial and quarterly reports as well as company presentations. 2019. Appreciation for the brand extends far beyond those who use our equipment. The central government encouraged cities to relax car permit quotas complemented by strengthening targeted New Energy Vehicle measures in 2020. The figures for 2016 through 2017 were taken from this article released in June 2018. 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]. 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. What is happening in China is more important for the EV market growth prospects than what is happening in Europe or America. (April 28, 2021). 48207-2997, Automotive News Are you interested in testing our business solutions? CATL's revenue was RMB130.4 billion (~USD20 billion), a 159% y-o-y increase from 2020. 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. Insight and analysis of top stories from our award winning magazine "Bloomberg Businessweek". Why? In addition, cash inflows are much higher than net profit. CATL has emerged as one of the biggest winners of the electric car boom, along with Tesla. 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. 11,30% is a very respectable ROE for the industry. Stock and Corporate . 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. 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? The battery pack price is continuing to fall as economies of scale, scope and learning come into play. Discover how we canmeet your requirements. This slowdown has been caused by the halt in production due to the Corona Virus outbreak and scalability limitations due to raw material bottlenecks. 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). 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. This report from Fitch Solutions Country Risk & Industry Research is a product of Fitch Solutions Group Ltd, UK Company registration number 08789939 ('FSG'). Then you can access your favorite statistics via the star in the header. Headquartered in Gillingham, U.K., Delphi operates technical centers, manufacturing sites and customer support services in 44 countries. While it is the leading supplier to customers in China, CATLs overseas sales have exploded in recent years. The Chinese battery manufacturers CATL and BYD are being considered as potential partners. CATL is tendered to supply critical parts for APPLEs planned US battery production. Mutual Funds & ETFs: All of the mutual fund and ETF information contained in this display, with the exception of the current price and price history, was supplied by Lipper, A Refinitiv Company, subject to the following: Copyright Refinitiv. February 21, 2023. 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. 2021 2020 2019; Net Operating Cash: $6,712 $2,883 $2,107 Net Investing Cash-$8,412 -$2,355 $290 . 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: You can unsubscribe at any time through links in these emails. Join the team. Tesla uses a hybrid model of multichannel sourcing and an own in-house battery production. 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. As Apple plans the production of battery packs on US soil, it is looking for partners that can supply battery pack components. As a result, we expect annual capex of CNY20 billion-45 billion in 2021-2024. 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In the last years, CATLs cash flow has fully covered capex. FSG is solely responsible for the content of this report, without any input from Fitch Ratings. 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. Meet some of our key peopleand explore our credentials. The popular discussions on solid-state batteries have brought development both in academia and industry. 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. 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. 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). Automotive manufacturers could insource battery cell production. 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. The company has great future potential as worldwide battery demand is increasing at an exponential rate and it is well-positioned within the supply chain network of major global car manufacturers. On this page, we provide you with all of the publications of VARTA AG. CSI/CATL's lithium battery packs power over 330,000 commercial electric vehicles. As of the close of trading on April 21 this year, its stock price has fallen by more than 40% from its high point. Statement of Changes in Beneficial Ownership. 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. Annual Reports and Form 56-1. Who We Are What We Do Sustainability Corporate Governance . Click here for Cat Financial SEC Filings. This cooperation with Apple offers great potential for CATL to secure future growth and integrate themselves long term within the US market[11]. We leverage our expertise and partnerships to provide in-depth and insightful reports. And the capacity utilization rate was 95% in 2021. Shareholders' Meeting. 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. 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. Nickel prices have rallied over the past year and competition over secure, long-term supply becomes increasingly fierce. Always do your research and consider your personal circumstances before making investment decisions. Source: Kantar Media. Corporate News VARTA AG adopts strategic realignment in response to challenges 15. The. Sources: FactSet, Tullett Prebon, Currencies: Currency quotes are updated in real-time. 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. 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. 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. 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. Access to this and all other statistics on 80,000 topics from, Show sources information 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 expect annual capex of CNY20 billion-45 billion in 2021-2024 net Operating cash: $ 6,712 $ 2,883 $ net... 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