catl annual report 2021

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. 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. The electric vehicle battery market is moderately fragmented. 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. 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]. Market research suggests that around 30% of global passenger vehicle sales will be electric vehicles by 2030. What EV Battery Chemistries Does CATL Utilise? 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. The upstart's November 2021 public listing was the sixth-largest in U.S. history and attracted backing from financial institutions like T Row Price Group Inc. in addition to Amazon.com Inc. The CATL gigafactory will have a production capacity of 24 GWh and will create 2000 jobs by 2024[28]. Year 2021 Semi Annual - Annual Download: Year 2020 Semi Annual - Annual Download: Year 2019 Semi Annual - Annual Download: Year 2018 Semi Annual - Annual . Carol Massar and Tim Stenovec host a look back at the best interviews, discussions and more. Our 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. CSI/CATL's lithium battery packs power over 330,000 commercial electric vehicles. 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. The Panasonic share price had been hit hard after Elon Musk said in September 2020 that Tesla would bring in-house the manufacturing of bigger lithium-ion battery cells[21]. Chart. It remains to be seen what the Tesla CATL partnership will mean for the global battery market. In 2020, CATLs Lithium-ion battery sales totaled 46.84GWh, up 14.36% Y-o-Y. Statista. Tesla will be manufacturing battery cells along with electric vehicles at its planned German factory in Grnheide near Berlin. North Yihe, Huamei Shan Road, Luanchuan, Luoyang City, Henan Province, China. Source: FactSet, Indexes: Index quotes may be real-time or delayed as per exchange requirements; refer to time stamps for information on any delays. CATL views the technology as a tool to mitigate supply-side constraints for critical metals in LiB variations such as lithium, nickel, cobalt and manganese, which are less abundant and costlier to extract, process and refine in comparison to sodium. In August 2021, reports emerged that CATL is considering acquiring a minority stake in the Chinese miner. (April 28, 2021). The company debuted on the stock exchange in June. What Supply Chain Capacity Expansion & Diversification Strategies Are CATL Employing? Answers include investor information. Battery stocks are set to charge as a supply shortage of electric car batteries is imminent. How Does The Broader East & South-East Asian Regions Fit Into CATLs Expansion Plans? According to Bloomberg, this number is going to increase to 58% by 2040[3], [4]. Nickel prices have rallied over the past year and competition over secure, long-term supply becomes increasingly fierce. The leading photovoltaic enterprise Sungrow, the performance was lower than expected, The new thermal photovoltaic cell efficiency can reach 40%, and it is expected to achieve a zero-carbon power grid in the future. Delphi Automotive PLC is a high-technology company that integrates safer, greener and more connected solutions for the automotive sector. Corvus Energy. Specifics on cathode chemistry are not often readily available. NISSAN: 2022 Pathfinder and 2022 Frontier. Haig: Buy-Sell Q&A: What is the value of an M&A advisor? In the past years the concept of the metaverse has become increasingly prevalent. 48207-2997, Automotive News Source: FactSet. 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). 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. CATLs extensive change in operating expenses is mainly driven by interest income and expenses. In, Website (Gasgoo China Automotive News). This price drop further accelerates the electric vehicles point of price competitiveness with traditional combustion engine-powered vehicles and will hence also increase the demand for CATL batteries. All rights reserved. In Japan, the firm is expected to build an energy storage business with an established local player that would grant it further access to non-active battery materials. Heres what you need to know. 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. Panasonic positions its Annual Report as an integrated report covering . 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. 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. Always do your research and consider your personal circumstances before making investment decisions. Supply chain bottlenecks in Nickel and Cobalt have already made it increasingly difficult to hold up with demand. The companys net income for fiscal years 2017 to 2020 averaged 652.82 million USD. 11,30% is a very respectable ROE for the industry. The net profit rose by 185% y-o-y to RMB15.9 billion (~USD2.45 billion). Copyright 2022 Rho Motion. Profit from the additional features of your individual account. Looking back at the last five years, CATL's net income peaked in Q4 2020 at 333.97 million USD. 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. 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: 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. It is a buy. 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 % 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. CATL has a very high P/E ratio compared to its direct competitors. 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). 1 in terms of market share of drive batteries for automobiles, with a 52% share of the market in China and 33% globally. 9th Annual B2B Report Webinar Register Now 9th Annual B2B Report Webinar. This report from Fitch Solutions Country Risk & Industry Research is a product of Fitch Solutions Group Ltd, UK Company registration number 08789939 ('FSG'). 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. CATL has emerged as one of the biggest winners of the electric car boom, along with Tesla. Thank you for registering. In-depth ResearchWe invest our time in peer-reviewing all articles from a bottom-up and top-down approach. 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. Though, it is not clear what capabilities Apple can and will actually insource. Stock and Corporate . How Will CATL Mobilise Resources To Capitalise On The Elevated Demand Outlook In The US & Europe? Chinese firm says lithium inflation adding price pressures, Manufacturer investing $2 billion in new Xiamen factory. February 21, 2023. Headquartered in Gillingham, U.K., Delphi operates technical centers, manufacturing sites and customer support services in 44 countries. Automotive manufacturers could insource battery cell production. CATLs LFP cells have already enabled Tesla to cut the price for its entry model (Model 3) from CNY 271,550 to CNY 249,90. The first phase, which has now started, is said to have a capacity of 60 GWh per year. Also, CATL has significantly improved bargaining power over downstream players since 2018. CATLs cash flow can cover capex; cash on hand continues rising[32]. 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. We leverage our expertise and partnerships to provide in-depth and insightful reports. Cat product offerings include articulated trucks, backhoe loaders, dozers, engines, excavators, generators, motor graders, skid steer loaders and wheel loaders. In the last years, CATLs cash flow has fully covered capex. Available: https://www.statista.com/statistics/875511/revenue-of-catl/, Available to download in PNG, PDF, XLS format, Forecast global electricity generation 2015-2050, Global investment in power generation 2017-2021, Global residential energy storage deployment 2020, by region, Power system flexibility capacity share worldwide 2021, by source, Capacity of lithium-ion batteries entering the market worldwide 2020-2030, Pumped hydro storage market value worldwide 2021-2028, Global battery energy storage market value 2021-2026, Thermal energy storage market value worldwide 2020-2026, Hydrogen energy storage market value worldwide 2021-2030, Global pure pumped storage capacity 2010-2021, Global electricity capacity from battery storage 2020-2050, Global thermal energy storage capacity 2019-2030, Global electrolyzer manufacturing capacity estimates 2022-2027, Global LDES cumulative installed capacity 2025-2040, Global investment in energy storage 2020, by region, Global grid battery storage investments 2015-2021, Global investment in long duration energy storage 2018-2021, Panasonic's sales revenue in Malaysia FY 2013-2022, PMMA's shareholder funds return rate FY 2015-2022, PMMA's gross dividends paid Malaysia FY 2015-2022, Panasonic's sales revenue China 2012-2016, PMMA's net dividends paid Malaysia FY 2015-2022, Market estimates for lithium-ion battery market 2020, PMMA's export revenue Malaysia FY 2015-2022, Predicted costs of lithium-ion batteries in PHEV by element 2012-2016, Panasonic's profit after tax in Malaysia FY 2013-2022, PMMA's earnings per share Malaysia FY 2015-2022, Panasonic's total assets in Malaysia FY 2013-2022, Lithium battert production cost structure 2015, Automotive lithium ion battery cell suppliers: global market share 2017, CATL's revenue from 2015 to 2020 (in billion Chinese yuan), Find your information in our database containing over 20,000 reports. In 2020, CATL's Lithium-ion battery sales totaled 46.84GWh, up 14.36% Y-o-Y. The company has been established in December 2011 by founder Zeng Yuqun alias Robin Zeng. CATL has secured a spot in Teslas supply chain and is the first to provide the electric vehicle market leader with LFP (lithium iron phosphate battery) packs. We leverage our expertise and partnerships to provide in-depth and insightful reports. Apple has made building manufacturing facilities in the United States a condition for potential battery suppliers. 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. 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