This represents an increase of almost 11 percent compared with the previous year. In addition, cash inflows are much higher than net profit. In August 2021, reports emerged that CATL is considering acquiring a minority stake in the Chinese miner. The advent of solid-state batteries would cut the recharging time for electric vehicles by two-thirds to circa 10 minutes and would extend the driving distance of a compact electric vehicle while maintaining legroom[15], [16]. Chart. About Panasonic Group . Learn more about how Statista can support your business. Heres what you need to know. 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 firm's net profit was 15.931 billion yuan, a year-on-year increase of 185.34%. The central government encouraged cities to relax car permit quotas complemented by strengthening targeted New Energy Vehicle measures in 2020. Appreciation for the brand extends far beyond those who use our equipment. Meritor 2020 Summary Annual Report and 10-K 2 MB. 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]. Please do not hesitate to contact me. 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. During the reporting period, the company's overseas order delivery scale increased rapidly and its overseas business gradually matured, CATL said. What Supply Chain Capacity Expansion & Diversification Strategies Are CATL Employing? On Thursday, Chinese battery giant CATL released its 2021 annual report. Current Chinese and EU politics impact the EV markets. 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. Understand Caterpillar at a glance through resources including our Caterpillar fact sheet, our corporate profile, and more. Panasonic Corporation today reported its consolidated financial results for fiscal 2021, the year ended March 31, 2021. The 2018 figure was published here and the 2019 was published here. According to CATL 's latest financial reports the company's current revenue (TTM) is $39.87 B . 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. Its unrestricted cash and cash equivalents to short-term borrowings have a ratio of 8 to 1. Facebook: quarterly number of MAU (monthly active users) worldwide 2008-2022, Quarterly smartphone market share worldwide by vendor 2009-2022, Number of apps available in leading app stores Q3 2022, Profit from additional features with an Employee Account. 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. 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 % Sources: FactSet, Dow Jones, ETF Movers: Includes ETFs & ETNs with volume of at least 50,000. International stock quotes are delayed as per exchange requirements. CATL, whose clients also include Volkswagen (VOWG_p.DE), General Motors (GM.N), BMW (BMWG.DE) and Daimler (DAIGn.DE) as well as Chinese. The company debuted on the stock exchange in June. Then you can access your favorite statistics via the star in the header. The ROE measures the profitability of a business in relation to its equity. CATL's revenue from 2015 to 2020 (in billion Chinese yuan) [Graph]. ", 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. Why? Find a list of Frequently Asked Questions (FAQs) about Caterpillar and our brands. Were committed to building a better, more sustainable world. 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. 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. 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. 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. All rights reserved. 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. 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%. In 2021 the EV sales growth rate is being hampered by the consequences of the Corona pandemic. These range from corporate news and ad hoc announcements to financial and quarterly reports as well as company presentations. CATL has a very high P/E ratio compared to its direct competitors. This report was approved on July 23, 2021. Check out these reports. In 2020, CATL's Lithium-ion battery sales totaled 46.84GWh, up 14.36% Y-o-Y. Website (Gasgoo China Automotive News). 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]. This report from Fitch Solutions Country Risk & Industry Research is a product of Fitch Solutions Group Ltd, UK Company registration number 08789939 ('FSG'). 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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Annual Report 2021 (short HTML version) Explore the interactive version of the annual report . Find the company's financial performance, revenue, and more. OEM&ODM custom services! An electric car factory run by a Chinese company, Nio, in Hefei, China. Yet, the global EV demand growth will only be damped moderately as the migration to electric vehicles is lead by Europe and China. ChineseAlpha is not liable for any losses that may arise from relying on information provided. On April 21, the lowest share price of CATL was 398.90 yuan per share, the lowest since June last year. 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. Date Filing Type Filing Description Download / View. 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. 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. Jul. 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. CATLs battery pack prices continue to fall, albeit at a slower pace as in the preceding years. Source: FactSet. Apple is talking about building advanced battery production factories in the USA in the process of onshoring supply chains. Have an opinion about this story? Tesla will at least dual-source LFP battery packs and as of now also include another Chinese player, EVE Energy, in its supply chain. Register in seconds and access exclusive features. This indicates that CATL has had steady growth over the last years and this growth has remained steady throughout Q1 2021. 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. Your download link will be emailed to you shortly. BYD to take on Mercedes-Benz G-Class with 1st model of F brand, report says, China NEV insurance registrations for week ending Feb 26: BYD 39,473, Tesla 10,705, NIO 3,357, NIO has started construction of its battery plant phase 1, report says, NIO says F1 plant running normally after rumors of production halt swirl, NIO reports record Q4 revenue, but falls short of expectations, BYD posts 193,655 NEV sales in Feb, up 28% from Jan, NIO delivers 12,157 vehicles in Feb, up 43% from Jan, Zeekr delivers 5,455 vehicles in Feb, up 75% from Jan. 1155 Gratiot Avenue 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. Also with regards to Tesla, there is a silver lining for CATL and other battery manufacturers. Its operating income reached 130.356 billion yuan ($20.1 billion) in 2021, a year-on-year increase of 159.06%. Chinese firm says lithium inflation adding price pressures, Manufacturer investing $2 billion in new Xiamen factory. CATL is the fastest-growing provider of EV batteries worldwide. This enables CATL to procure battery materials and production sites at better prices with its economies of scale which translates into lower battery cell/pack costs for its customers. As a Premium user you get access to background information and details about the release of this statistic. 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. Adamas Intelligence reports that CATL's share in 2021 was 30.7% in the xEVs (BEVs, PHEVs, HEVs) passenger car segment. - Net profit hit CNY 4.5 billion, representing a 131.5% growth. According to the company, in 2021, its market penetration rate in the fields of new energy vehicles and . CATL is tendered to supply critical parts for APPLEs planned US battery production. 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 . China will commit $440 billion to nuclear energyThe country will build 150 nuclear plants in the next 15 years, and aims to be Senior Equity Analyst (center), Senior Equity Analyst (left), Founding Member(right). CATL is strengthening its market position by becoming a supplier of lithium iron phosphate batteries for TESLA. Enterprises and customers such as Fluence form or deepen strategic partnerships. CATL has recently made considerable investments to extend its supply chain control and secure raw material supply. 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%. In total, CATL reports production capacity of 69.1 GWh for 2020 (74.8% utilized) with an additional 77.5 GWh under construction. You can unsubscribe at any time through links in these emails. Consumer demand remains strong. This year's Annual Report is published in a series of two parts to provide up-to-date information. Still, the manufacturer scrapped its dividend and reported weaker profitability at its key power battery systems division as it warned of surging raw-materials costs. For standard LiBs, reports indicate that CATL primarily utilises the Lithium Nickel Cobalt Manganese Oxide (NMC) cathode chemistry which has a good energy density and by extension vehicle range. 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CATL holds significant and long-term battery supply contracts with major auto OEMs, including BMW, Daimler, PSA and VW. 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For more information, see ourPrivacy Policy. CATL has 170GWh capacity in operation and 140GWh capacity under construction as of 31st December 2021. Copyright 2021 Fitch Solutions Group Limited. Delphi Automotive PLC is a high-technology company that integrates safer, greener and more connected solutions for the automotive sector. "Catl's Revenue from 2015 to 2020 (in Billion Chinese Yuan). What Is CATLs Existing Capacity Outlook? On Thursday, Chinese battery giant CATL released its 2021 annual report. 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. 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