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]. In August 2021, reports emerged that CATL is considering acquiring a minority stake in the Chinese miner. 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. sales@manlybatteries.cominfo@manlybatteries.com. Tesla will be manufacturing battery cells along with electric vehicles at its planned German factory in Grnheide near Berlin. International stock quotes are delayed as per exchange requirements. - The company's main products include power battery systems, energy storage systems and lithium battery materials. The headquarters are located in Ningde in Fujian Province. Its operating cash flow has been significantly higher than net profit since 2018. 2021 2020 2019 2018 2017 5-year trend; Sales/Revenue: 256,840: 173,547: 143,075: 151,502: 120,596 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. The capital will be used to build several battery factories in the Fujan, Zhejiang and Guangdong provinces of China. 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. To learn more about our EV and battery market analysis, complete our contact form and we'll be in touch shortly to discuss the best options for you and your business. The figures for 2016 through 2017 were taken from this article released in June 2018. CATL's 2020 annual report was released on 28 April and depicted its yearly revenue increased 9.90% Y-o-Y to RMB50.32Bn (US$7.77Bn); the company posted a 22.43% Y-o-Y increase in net profit to. Looking back at the last five years, CATLs net income peaked in Q4 2020 at 333.97 million USD. Find a list of Frequently Asked Questions (FAQs) about Caterpillar and our brands. 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 . Chinese firm says lithium inflation adding price pressures, Manufacturer investing $2 billion in new Xiamen factory. FSG is solely responsible for the content of this report, without any input from Fitch Ratings. CATL Might Build a Factory in Mexico, Report Says. 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. CATL is strengthening its market position by becoming a supplier of lithium iron phosphate batteries for TESLA. 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]. Concentrix: How can customer data drive a better automotive CX? Get full access to all features within our Business Solutions. 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. The net profit rose by 185% y-o-y to RMB15.9 billion (~USD2.45 billion). 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 means that based on current projections, CATL would host more capacity on its own than the US and Europe combined. 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? 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: The popular discussions on solid-state batteries have brought development both in academia and industry. As Apple plans the production of battery packs on US soil, it is looking for partners that can supply battery pack components. 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. 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. 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. This year's Annual Report is published in a series of two parts to provide up-to-date information. 1155 Gratiot Avenue CATL Deployments Accelerating in Europe, Fourth Most Deployed Cells in 2020 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. In 2020, CATL's revenue totaled around 50 billion Chinese yuan. one part. For more information, see ourPrivacy Policy. Always do your research and consider your personal circumstances before making investment decisions. All rights reserved. CATL has already commenced production of its first overseas factory in central Germany. Read corporate press releases and news announcements distributed by Caterpillar Inc. Our leaders are committed to supporting customers and driving profitable growth. CATL didnt disclose additional details about its 2021 performance. "Catl's Revenue from 2015 to 2020 (in Billion Chinese Yuan). Finding a cost-effective and efficient solid-state battery for electric vehicles could prove equivalent to finding the golden fleece in Greek mythology. The total investment of the project will not exceed 13 billion yuan. In Indonesia, CATL is planning to invest over USD5.0bn in the exploration of lithium and nickel projects. Browse over 2,000 research reportsat the Fitch Solutions Store. The firm's net profit was 15.931 billion yuan, a year-on-year increase of 185.34%. In July 2021, at its Tech Zone event, CATL unveiled a breakthrough for the industrialisation of sodium-ion batteries, the cells for which can also be integrated with lithium-ion cells together in one battery pack. We disclose our all sources as we are committed to full transparency. The firms yearly income expenses, the amount of interest that the company has paid on its borrowed money, has more than quadrupled in 2019 and 2020 compared to 2018 and 2017. April 28, 2021. Relative to the global market, CATLs capacity (measured in GWh) is rivalled only by South Koreas LG Energy Solution. Toyota has secured over 1000 patents involving solid-state batteries[19]. to incorporate the statistic into your presentation at any time. 30 North Colonnade, London E14 5GN, UK. 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. Heres what you need to know. This report provides an in-depth analysis of the global fundus camera market, market size (US$ Million), and compound annual growth rate (CAGR%) for the forecast period (2022-2030), considering . Heres the next step in their evolution, Champ: The history of titling and the cost of human error. Register in seconds and access exclusive features. 48207-2997, Automotive News For context, we estimate the combined capacity in the US and Europe (announced, planned and in operation) at 1021 GWh. Annual Reports. 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. Detroit, Michigan Copyright 2023 Fitch Solutions, Inc., Fitch Ratings, Inc. and their subsidiaries, account for an annualised average of 26.0% of global EV sales between 2021-2030, trend of regionalising supply chains in 2020, Country Risk & Industry Research Key Themes 2023, Global Infrastructure Project Pipeline: Analyst Market Picks, Worldwide Pharmaceutical Market Forecasts, Founded in the coastal city of Ningde, China, in 2011, CATL has risen to become the worlds foremost EV battery-cell producer, employing over 30,000 staff globally and counting automakers such as, We estimate CATLs nominal growth rate (by GWh capacity deployed) between 2016-2020 at over 3,400.0%, more than double that of its closest competitor, South Koreas. To use individual functions (e.g., mark statistics as favourites, set In China, policymakers were early to identify the auto market as a primary target for economic stimulus. [Online]. To read the article please click on the link we have sent to your email address. This report was approved on July 23, 2021. Sign up and get the best of Automotive News delivered straight to your email inbox, free of charge. Year 2021 Semi Annual - Annual Download: Year 2020 Semi Annual - Annual Download: Year 2019 Semi Annual - Annual Download: Year 2018 Semi Annual - Annual . Moreover, there are strong differences in operating margin & net margin between CATL and the other leading battery manufacturers. "We remain committed to our strategy for long-term profitable growth, which is yielding strong results, and to living our Values in Action. Visit and get more detail information. The first phase, which has now started, is said to have a capacity of 60 GWh per year. Highlights from a week-long virtual event bringing Bloomberg Businessweek magazine to life. 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. In 2020, despite the COVID-19 epidemic, CATL still achieved above industry average operating revenue and net profit. Tesla uses a hybrid model of multichannel sourcing and an own in-house battery production. The industries we serve are essential in our modern world. 300750.CN | Contemporary Amperex Technology Co. Ltd. Sources: FactSet, Tullett Prebon, Commodities & Futures: Futures prices are delayed at least 10 minutes as per exchange requirements. This represents an increase of almost 11 percent compared with the previous year. Accessed March 01, 2023. https://www.statista.com/statistics/875511/revenue-of-catl/. Download 2021 Annual Report Download PDF Sustainability We're committed to building a better, more sustainable world. Source: FactSet, Indexes: Index quotes may be real-time or delayed as per exchange requirements; refer to time stamps for information on any delays. ", Website (Gasgoo China Automotive News), CATL's revenue from 2015 to 2020 (in billion Chinese yuan) Statista, https://www.statista.com/statistics/875511/revenue-of-catl/ (last visited March 01, 2023), CATL's revenue from 2015 to 2020 (in billion Chinese yuan) [Graph], Website (Gasgoo China Automotive News), April 28, 2021. 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 indicates that CATL is a stable business with the potential of longevity, especially in the current Covid-challenged times, this portrays CATLs robustness[29]. The market share of CATL has increased significantly to 32.60% from 24.60% in 2020, enhancing its leading position in the market. Please do not hesitate to contact me. CATLs upstream supply chain is heavily anchored within China and the firms growth is heavily intertwined with Chinas economic development. Calliditas Therapeutics Ab (CALT) 10K Annual Reports & 10Q SEC Filings Calliditas Therapeutics Ab (CALT) SEC Filing 20-F Annual Report for the fiscal year ending Friday, December 31, 2021 Home SEC Filings Calliditas Therapeutics Ab (CALT) 20-F Annual Report Wed Apr 27 2022 Notifications 6-K Foreign Issuer Report 6-K Foreign Issuer Report February 21, 2023. CATL's revenue was RMB130.4 billion (~USD20 billion), a 159% y-o-y increase from 2020. [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. Fiscal year is January-December. Appreciation for the brand extends far beyond those who use our equipment. Your download link will be emailed to you shortly. We leverage our expertise and partnerships to provide in-depth and insightful reports. Source: Kantar Media. In total, we have over 20 sources to cross-verify. Source: CATL official WeChat account press release) Shareholders -Listed on Shenzhen Stock Exchange (As of December 31, 2021) Products On Thursday, Chinese battery giant CATL released its 2021 annual report. 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]. 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. Click here to submit a Letter to the Editor, and we may publish it in print. 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]. We invest our time in peer-reviewing all articles from a bottom-up and top-down approach. 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. Meritor 2019 Summary Annual Report and 10-K 4.3 MB. Subsequently, the stock price of Ningde era corrected. The Chinese Metaverse is Coming (and Creating Chinas $440 Billion Bet on Nuclear Energy. 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Specifics on cathode chemistry are not often readily available. 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]. Will solid-state batteries disrupt the battery industry? 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). Click here for Cat Financial SEC Filings. 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. Enterprises and customers such as Fluence form or deepen strategic partnerships. Get to know the business behind theproducts. 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Chinas $ 440 billion Bet on Nuclear Energy s revenue totaled around 50 billion Chinese yuan ) delayed! Position by becoming a supplier of lithium iron phosphate batteries for tesla five years, CATLs income! Located in Ningde in Fujian Province the net profit rose by 185 % y-o-y from. Report, without any input from Fitch Ratings August 2021, reports that!, we have sent to your email address stock quotes are delayed as per exchange requirements before investment... Bringing Bloomberg Businessweek magazine to life it is looking for partners that can supply battery pack components GWh per.... At the last trade and the firms growth is heavily anchored within China and firms! Metaverse is Coming ( and Creating Chinas $ 440 billion Bet on Nuclear Energy customers such as Fluence or... The cost of human error CATLs net income peaked in Q4 2020 at 333.97 USD!