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. 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. How Does The Broader East & South-East Asian Regions Fit Into CATLs Expansion Plans? 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? Learn more about how Statista can support your business. In addition, cash inflows are much higher than net profit. Will solid-state batteries disrupt the battery industry? Click here for Cat Financial SEC Filings. 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%. The firm enjoys strong improvements in turnover ratio, rapid growth in cash on hand, and a healthy asset structure. ISSN 1557-7686 (online), Fixed Ops Journal Subsequently, the stock price of Ningde era corrected. Annual report 2020. 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. Panasonic Holdings Corporation. 11,30% is a very respectable ROE for the industry. Operating margin measures the percentage of revenue a company keeps as operating profit. These range from corporate news and ad hoc announcements to financial and quarterly reports as well as company presentations. 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. In addition, there are further branches in Shanghai, Jiangsu, Qinghai, Foshan, as well as overseas branches in Munich, Paris, the USA and Japan[7]. [Online]. 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 . 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. [5] Copyright FactSet Research Systems Inc. All rights reserved. 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. Date Filing Type Filing Description Download / View. In the last years, CATLs cash flow has fully covered capex. Statista. Its operating cash flow has been significantly higher than net profit since 2018. Access to this and all other statistics on 80,000 topics from, Show sources information This represents an increase of almost 11 percent compared with the previous year. 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. Annual report 2020. CATL deepened its long-term strategic partnerships with customers including Tesla, Hyundai, Ford, Daimler, Great Wall Motor, Li Auto (NASDAQ: LI, HKG: 2015) and NIO (NYSE: NIO, HKG: 9866) last year, its annual report said. 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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. On Thursday, Chinese battery giant CATL released its 2021 annual report. 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. 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. The company held a net cash position of CNY34 billion in 1H21. 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]. Heres what you need to know. Browse over 2,000 research reportsat the Fitch Solutions Store. Website (Gasgoo China Automotive News). 2018. Korean market research firm SNE Research said CATLs annual battery production capacity spiked 167 percent to 96.7 gigawatt hours in 2021. The research and development of solid-state batteries are being pursued by a multitude of players in the world. In total, we have over 20 sources to cross-verify. Key Points 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]. You can unsubscribe at any time through links in these emails. The News Building3 London Bridge StreetLondon SE1 9SG. The. What Supply Chain Capacity Expansion & Diversification Strategies Are CATL Employing? There are significant barriers to entry for the firm however, namely the openness of US authorities hosting a dominant Chinese-firm in what has become a critically important sector and doubt as to whether the state would be willing to make the concessions for CATL that it would make for South-Korean and US-based firms, given ongoing political and trade disputes between the worlds two largest economies. To read the article please click on the link we have sent to your email address. 2022 ChineseAlpha.com - All rights reserved. If you are an admin, please authenticate by logging in again. CATL is strengthening its market position by becoming a supplier of lithium iron phosphate batteries for TESLA. CATLs cash flow can cover capex; cash on hand continues rising[32]. Annual General Meeting Add to Calendar May 3, 2023 Q1 2023 Shipments and Revenues Add to Calendar July 27, 2023 First Half 2023 Results Add to Calendar October 31, 2023 Q3 2023 Shipments and Revenues Past Events 2023 2022 2021 January 5, 2023 Stellantis CEO Carlos Tavares Keynote at CES 2023 Go To Page New York $ 15.85 0.82 % Understand Caterpillar at a glance through resources including our Caterpillar fact sheet, our corporate profile, and more. 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. Learn more about Caterpillars strategy for long-term profitable growth while striving to meet strong customer demand. You can only download this statistic as a Premium user. Meritor 2018 Summary Annual Report and 10-K 2.4 MB. Over 26 months, the planned land area of the project is about 1,900 mu. 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. CATL. CATL's sales to Tesla were RMB13 billion (~USD2 billion), accounting for 10% of CATL's total revenue in 2021. We disclose our all sources as we are committed to full transparency. Important mentions are Volkswagens recent acquisition of Quantum Scape, a solid-state battery startup Stanford University spin-off and the Hyundai partner Ionic Materials, who have both said they want to have developed a commercially viable solid-state battery technology by 2025[20]. Website (Gasgoo China Automotive News). Our teams are dedicated to connecting you with what you need, quickly, efficiently, and professionally. A commercially viable solid state-battery technology could disrupt the battery industry. In 2020, CATL's revenue totaled around 50 billion Chinese yuan. Copyright Shenzhen Manly Battery Co., Ltd. All Rights Reserved. In addition to that, the firm makes a strong investment in research and development and the company is at the forefront of improving MNC battery chemistries and architecture. Currently, you are using a shared account. The company added that its operating cost between January and June 2022 . sales@manlybatteries.cominfo@manlybatteries.com. Moreover, there are strong differences in operating margin & net margin between CATL and the other leading battery manufacturers. 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. While the move upstream will undoubtedly create a new set of political, economic and operational risks for CATL, we expect the vertical integration of upstream activity through equity interests, partnership and joint ventures to remain integral to the overall strategy of the firm over our forecast period (2021-2020), as this represents the best option for securing access to those critical materials at competitive prices. 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. Education OrientedOur 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.Trusted SourcesWe disclose our all sources as we are committed to full transparency. 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). Ultimately, while authorities in the US and Europe want to localise as much of the EV supply chain as possible and promote domestic entities, we expect the scale and expertise of the Asian players to ensure that they remain a critical part of the supply chain in those markets, particularly in Europe. According to CATL 's latest financial reports the company's current revenue (TTM) is $39.87 B . 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. Tesla, Ford and VW have plans to manufacture their own batteries for electric vehicles. 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. The company debuted on the stock exchange in June. Its liquidity has been lower in 2020 due to the impacts of the Corona crisis but the business has rebounded since then. That sounds like all the Chinese tech Giants are going Key Points 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). Visit and get more detail information. Sales of power battery systems are the company's main source of revenue, contributing RMB 91.49 billion last year, up 132.06 percent year-on-year. Register in seconds and access exclusive features. 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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. Current Chinese and EU politics impact the EV markets. 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 the long term, CATL is likely to profit from the partnership with Tesla and gain ground in the dew draw with major competitors South Korean LGChem and Japanese Panasonic. 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. Resilient battery suppliers such as CATL, LG Chem and Yunnan Enjie will profit from these imminent shortages[10]. Details of Directors, Executive, Controlling Person, Person in charge of Finance and Accounting, Head of Controller and Company Secretary . (April 28, 2021). Need info on your own credit report? Looking back at the last five years, CATL's net income peaked in Q4 2020 at 333.97 million USD. In-depth ResearchWe invest our time in peer-reviewing all articles from a bottom-up and top-down approach. 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]. It remains to be seen what the Tesla CATL partnership will mean for the global battery market. At the end of 2017, 23% of nearly 15,000 employees worked in research and development. Our latest articles and views onindustries, regions, and topics. 22.6% . to incorporate the statistic into your presentation at any time. Click here for "Analysis Report: Lithium-Ion Battery (Chinese Market) -In 2021, CATL was No. Sources: CoinDesk (Bitcoin), Kraken (all other cryptocurrencies), Calendars and Economy: 'Actual' numbers are added to the table after economic reports are released. On this page, we provide you with all of the publications of VARTA AG. one part. CATL is reluctant to build a U.S. factory due to political tensions between Washington and Beijing as well as cost concerns but is tendered to cooperate with Apple when they decide to take over part of the battery production themselves. . CATL has already commenced production of its first overseas factory in central Germany. Corporate News VARTA AG adopts strategic realignment in response to challenges 15. 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%. Its operating income reached 130.356 billion yuan ($20.1 billion) in 2021, a year-on-year increase of 159.06%. CATL's revenue from 2015 to 2020 (in billion Chinese yuan) [Graph]. However, the gross profit margin of the power battery system was 22.00%, a decrease of 4.56 percentage points from the same period last year. Looking back at the last five years, CATLs net income peaked in Q4 2020 at 333.97 million USD. Source: FactSet, Indexes: Index quotes may be real-time or delayed as per exchange requirements; refer to time stamps for information on any delays. Accessed March 01, 2023. https://www.statista.com/statistics/875511/revenue-of-catl/. 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. 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. Heres the next step in their evolution, Champ: The history of titling and the cost of human error. And the capacity utilization rate was 95% in 2021. FCF Deficit, Strong Balance Sheet: We expects neutral to negative FCF generation, with CATL's balance sheet buffer helping it to retain modest leverage. Keith Bradsher/The New York. FSG is an affiliate of Fitch Ratings Inc. ('Fitch Ratings'). ET by Barron's Autos NIO Stock Slumps After Short-Seller Questions Battery Sales. Annual Reports. Toyota has secured over 1000 patents involving solid-state batteries[19]. 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. An electric car factory run by a Chinese company, Nio, in Hefei, China. During the reporting period, the company's overseas order delivery scale increased rapidly and its overseas business gradually matured, CATL said. Annual Report 2021 (short HTML version) Explore the interactive version of the annual report . Cat product offerings include articulated trucks, backhoe loaders, dozers, engines, excavators, generators, motor graders, skid steer loaders and wheel loaders. Choose your news we will deliver. Annual Reports and Form 56-1. Who We Are What We Do Sustainability Corporate Governance . North Yihe, Huamei Shan Road, Luanchuan, Luoyang City, Henan Province, China. Delphi Automotive PLC is a high-technology company that integrates safer, greener and more connected solutions for the automotive sector. Year 2021 Semi Annual - Annual Download: Year 2020 Semi Annual - Annual Download: Year 2019 Semi Annual - Annual Download: Year 2018 Semi Annual - Annual . 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. 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. Automotive manufacturers could insource battery cell production. Research and development of solid-state batteries are being pursued by a multitude of players in world. Back at the last five years, CATL & # x27 ; s net income in... Click on the link we have sent to your email address to the impacts of the of! 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