catl annual report 2021

"Catl's Revenue from 2015 to 2020 (in Billion Chinese Yuan). CMOCgroup Get to know the business behind theproducts. The batteries for Nios leasing service will be supplied by a company established by Chinese battery makers including leader Contemporary Amperex Technology Co Ltd[12]. CATL is bent on European expansion because it expects huge growth in the European electric vehicle market in response to the EUs tighter CO2 requirements for 2030. 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. In total, we have over 20 sources to cross-verify. Cryptocurrencies: Cryptocurrency quotes are updated in real-time. 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. 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). 2021 2020 2019; Net Operating Cash: $6,712 $2,883 $2,107 Net Investing Cash-$8,412 -$2,355 $290 . Find the company's financial performance, revenue, and more. 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. Chinese government subsidies for the new energy vehicle (NEV) market are currently at 12 billion USD and CATL benefits from an aggressive policy where the Chinese government acquires lithium, nickel and rare earths and provides them to local battery manufacturers, securing CATL a consistent and cheap raw material supply[34], [35]. 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. CATL is the fastest-growing provider of EV batteries worldwide. Check out these reports. 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. Delphi Automotive PLC is a high-technology company that integrates safer, greener and more connected solutions for the automotive sector. The popular discussions on solid-state batteries have brought development both in academia and industry. 2018. Date Filing Type Filing Description Download / View. Its operating income reached 130.356 billion yuan ($20.1 billion) in 2021, a year-on-year increase of 159.06%. The company debuted on the stock exchange in June. Amid increasing yearly demand for electric vehicles, the American car manufacturer has been the first to proactively hedge against potential nickel and cobalt shortages and to diversify its electric vehicle offering to include LFP powered vehicles. [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. All values HKD Millions. Contemporary Amperex Technology Co. Ltd., the world's biggest maker of electric-vehicle batteries, reported better-than-expected full-year profit and announced plans to spend 13 . 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 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. 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. Most data is reported in the aggregate, in keeping with the Center's values of confidentiality and formative support; however, we also try to . 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. To read the article please click on the link we have sent to your email address. 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: Statement of Changes in Beneficial Ownership. Also with regards to Tesla, there is a silver lining for CATL and other battery manufacturers. Jul. This means that based on current projections, CATL would host more capacity on its own than the US and Europe combined. Furthermore, CATL has no net debt. In August 2021, reports emerged that CATL is considering acquiring a minority stake in the Chinese miner Jinchuan Group International Resources Co. with a strategy to securing access to critical battery materials - the move would be aligned with the upstream vertical integration strategies of other battery cell manufacturers. Stock and Corporate . Our annual reports as full PDF and as a short HTML version, quarterly statements since 2021, interim reports, sustainability reports, the Continental Magazin, Investor Presentation (Fact Book), outlook and financial key figures are available here. Please create an employee account to be able to mark statistics as favorites. 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. 30 North Colonnade, London E14 5GN, UK. Caterpillar is committed to ensuring our workplace is diverse and representative of the many customers we serve around the globe. You need at least a Starter Account to use this feature. In 2021 the company made a revenue of $20.24 B an increase over the years 2020 revenue that were of $7.40 B .The revenue is the total amount of income that a company generates by the sale of goods or services. Fitch Solutions / Autos / China / Fri 12 Nov, 2021. In August 2021, reports emerged that CATL is considering acquiring a minority stake in the Chinese miner. Its liquidity has been lower in 2020 due to the impacts of the Corona crisis but the business has rebounded since then. The primary strategy appears to be to build capacity and resilience in their local market by expanding those regionalised supply chains. Will solid-state batteries disrupt the battery industry? According to Bloomberg, this number is going to increase to 58% by 2040[3], [4]. Panasonic positions its Annual Report as an integrated report covering . Finding a cost-effective and efficient solid-state battery for electric vehicles could prove equivalent to finding the golden fleece in Greek mythology. 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. The net profit rose by 185% y-o-y to RMB15.9 billion (~USD2.45 billion). 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. What Is CATLs Existing Capacity Outlook? What EV Battery Chemistries Does CATL Utilise? [5] CATL's revenue from 2015 to 2020 (in billion Chinese yuan) [Graph]. Market research suggests that around 30% of global passenger vehicle sales will be electric vehicles by 2030. In a move that would lessen its reliance on CATL, Nio is planning to build a new battery plant with annual capacity to produce enough to power about 400,000 long-range EVs, Reuters reported on Friday. to incorporate the statistic into your presentation at any time. 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]. Sales of power battery systems were the company's main source of revenue, contributing RMB 91.49 billion last year, up 132.06 percent year-on-year. What is happening in China is more important for the EV market growth prospects than what is happening in Europe or America. 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. "CATL's revenue from 2015 to 2020 (in billion Chinese yuan)." Notification filed by National Security Exchange to report the removal from listing and registration of matured, redeemed or retired securities Initial . 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. Visit and get more detail information. 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). You need a Statista Account for unlimited access. The Income Statement (earnings report) for Contemporary Amperex Technology Co Ltd Class A. Automotive manufacturers could insource battery cell production. Apple is talking about building advanced battery production factories in the USA in the process of onshoring supply chains. Answers include investor information. During the reporting period, the company's overseas order delivery scale increased rapidly and its overseas business gradually matured, CATL said. 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). Appreciation for the brand extends far beyond those who use our equipment. Details of Directors, Executive, Controlling Person, Person in charge of Finance and Accounting, Head of Controller and Company Secretary . Toyota has secured over 1000 patents involving solid-state batteries[19]. CATL Deployments Accelerating in Europe, Fourth Most Deployed Cells in 2020 Allstate: Compliance standards are changing. 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. That sounds like all the Chinese tech Giants are going Key Points CATL recorded a revenue of CNY 130.4 billion (USD 20 billion), an increase of 159.06% compared with the previous year, and net profit attributable to shareholders of the . The figures for 2016 through 2017 were taken from this article released in June 2018. Haig Partners: Dealership consolidation trends, Haig Partners: Dealership valuation trends, Haig Partners: Dealership succession planning, Ally: Navigating the future of automotive retailing, Google: How a century-old brand is transforming the auto industry. Download 2021 Annual Report Download PDF Sustainability We're committed to building a better, more sustainable world. Panasonic Holdings Corporation. Highlights from a week-long virtual event bringing Bloomberg Businessweek magazine to life. And the capacity utilization rate was 95% in 2021. Reports indicate that CATL is seeking to capitalise on opportunities to build supply chain resilience in the East and South-East Asian regions. Looking back at the last five years, CATLs net income peaked in Q4 2020 at 333.97 million USD. FSG is solely responsible for the content of this report, without any input from Fitch Ratings. 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. 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. 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. CATL released its 2021 annual report on the evening of 21stApril 2022. 22.6% . 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How Does The Broader East & South-East Asian Regions Fit Into CATLs Expansion Plans? Panasonic Holdings Corporation. 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. In total, CATL reports production capacity of 69.1 GWh for 2020 (74.8% utilized) with an additional 77.5 GWh under construction. 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%. Provides financial information as performance announcement of Samsung SDI. Statista. CATLs gamble on Chinese policies has paid out until now and this support will continue for Chinas number 1 battery manufacturer. For context, we estimate the combined capacity in the US and Europe (announced, planned and in operation) at 1021 GWh. The News Building3 London Bridge StreetLondon SE1 9SG. Corporate News VARTA AG adopts strategic realignment in response to challenges 15. Chinese firm says lithium inflation adding price pressures, Manufacturer investing $2 billion in new Xiamen factory. The sales numbers will portray a steady % growth increase over the next years until market saturation effects take effect from 2028 onwards that moderate the year-to-year growth rate increase. Access to this and all other statistics on 80,000 topics from, Show sources information Net profit totaled 5.58 billion yuan ($861 million) last year, a year-on-year rise of 22.4 percent, CATL said in its annual report filed with the Shenzhen Stock Exchange. What Supply Chain Capacity Expansion & Diversification Strategies Are CATL Employing? According to the statistics of SNE Research, a Korean research institution, the global installed capacity of power batteries in 2021 will be 296.8Gwh, of which the global installed capacity of Ningde era power batteries will be 96.7GWh, ranking first among all battery companies. An all-time low of oil prices is on the horizon. Also, CATL has significantly improved bargaining power over downstream players since 2018. CATL issued a semi-annual performance report stating that in the first half of 2021, operating income was approximately RMB 44.075 billion , an increase of 134.07% year-on-year ; net profit attributable to shareholders of listed companies was approximately RMB 4.484 billion, an increase of 131.45% year-on-year ; basic earnings per share were 1. . Contact via: [email protected]. The gigafactory will boast a capacity of 100 GWh[22]. Disclaimer: Our content is intended to be used solely for informational and educational purposes, and not as investment advice. Phate is the founder and main author of CnEVPost. Get full access to all features within our Business Solutions. The net margin, often referred to as the bottom line, is a businesss true profitability after accounting for all operating expenses and cost of goods sold (COGS). Meritor 2017 Summary Annual Report and 10-K 4.2 MB. Source: FactSet. 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 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. In China, policymakers were early to identify the auto market as a primary target for economic stimulus. 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. 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. Operating margin measures the percentage of revenue a company keeps as operating profit. Find a list of Frequently Asked Questions (FAQs) about Caterpillar and our brands. CATLs strategic vision is to utilize electrification and intelligentization to realize integrated innovation of market applications, utilize EV batteries to replace mobile fossil energy and utilize renewable energy generation and energy storage to replace stationary fossil energy[6]. 2020. . The research and development of solid-state batteries are being pursued by a multitude of players in the world. The electric vehicle battery market is moderately fragmented. 9th Annual B2B Report Webinar Register Now 9th Annual B2B Report Webinar. Please select at least one newsletter to subscribe. Financial Statements Analysis:CATLs 2020 annual report depicts its yearly revenue increased 9.90% Y-o-Y (year to year) to US$7.77Bn and its net profit increased by 22.43% Y-o-Y to US$860M. 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. As soon as this statistic is updated, you will immediately be notified via e-mail. 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. What does the future have in store for China? This cooperation with Apple offers great potential for CATL to secure future growth and integrate themselves long term within the US market[11]. Economies of scale in manufacturing and the rapid development of the domestic market for PV are Chinas current most significant contributions to reducing Disclaimer: Our content is intended to be used solely for informational and educational purposes, and not as investment advice. 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. 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. 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. Tesla, Ford and VW have plans to manufacture their own batteries for electric vehicles. Source: CATL official WeChat account press release) Shareholders -Listed on Shenzhen Stock Exchange (As of December 31, 2021) Products 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. Heres the next step in their evolution, Champ: The history of titling and the cost of human error. Meritor 2020 Summary Annual Report and 10-K 2 MB. CATL holds significant and long-term battery supply contracts with major auto OEMs, including BMW, Daimler, PSA and VW. 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. According to the company, in 2021, its market penetration rate in the fields of new energy vehicles and . 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]. The new plant would have an annual battery capacity of 40 GWh and could power about 400,000 long-range electric vehicles (EVs), the report said. Annual Securities Report, etc. CATLs extensive change in operating expenses is mainly driven by interest income and expenses. Keith Bradsher/The New York. Our data is gathered from Capital IQ, DataYes, and trusted news sources. 300750.CN | Contemporary Amperex Technology Co. Ltd. Its operating income reached 130.356 billion yuan ($20.1 billion) in 2021, a year-on-year increase of 159.06%. Expert analysis of opportunities and risks across emerging and frontier markets. 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. CATL's revenue was RMB130.4 billion (~USD20 billion), a 159% y-o-y increase from 2020. 2019. (April 28, 2021). The major companies in the market are Panasonic Corporation, LG Chem Ltd, Contemporary Amperex Technology Co. Ltd, Samsung SDI Co. Ltd, and BYD Co. Ltd. Supply Chain partner Tesla will be multisourcing LFP battery packs. While it might seem that we are not confronted with the metaverse Auto-generated video transcript: 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]. Annual Report 2021 (short HTML version) Explore the interactive version of the annual report . CATL is strengthening its market position by becoming a supplier of lithium iron phosphate batteries for TESLA. International stock quotes are delayed as per exchange requirements. Nickel prices have rallied over the past year and competition over secure, long-term supply becomes increasingly fierce. Discover how we canmeet your requirements. 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. 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. Tesla will be manufacturing battery cells along with electric vehicles at its planned German factory in Grnheide near Berlin. Enclosure 1. Register in seconds and access exclusive features. 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. Diversity & Inclusion Caterpillar is committed to ensuring our workplace is diverse and representative of the many customers we serve around the globe. 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. Financial Highlights 2020 Revenue 61 (MUSD) 46 29. "We remain committed to our strategy for long-term profitable growth, which is yielding strong results, and to living our Values in Action. Were committed to building a better, more sustainable world. 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 . 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. 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. Sources: FactSet, Tullett Prebon, Commodities & Futures: Futures prices are delayed at least 10 minutes as per exchange requirements. ChineseAlpha is not liable for any losses that may arise from relying on information provided. Supply chain bottlenecks in Nickel and Cobalt have already made it increasingly difficult to hold up with demand. The 2018 figure was published here and the 2019 was published here. Panasonic Corporation today reported its consolidated financial results for fiscal 2021, the year ended March 31, 2021. About Panasonic Group . Explore knowledge that cuts throughthe noise, with award-winning data,research, and tools. CATL has taken the steps to adjust to European policies and from 2022, lithium-ion batteries set for the European market are to be manufactured at the 23-hectare site of the insolvent photovoltaics manufacturer Solarworld. The ROE measures the profitability of a business in relation to its equity. The German automakers have deals with existing battery cell manufacturers LG, Samsung, and CATL in place[25] and in the next 10 years, VW alone plans to produce around 22 million electric vehicles between 70 new electric models, which translates to an annual capacity requirement in Europe excess of 150 GWh, with similar demands expected in Asia[26]. November 2022 PDF (157.66 KB) The company held a net cash position of CNY34 billion in 1H21. 2020. Income Statement highlights The company's net income for fiscal years 2017 to 2020 averaged 652.82 million USD. (Podcast). Danny Lee. Specifics on cathode chemistry are not often readily available. Electric vehicle sales are expected to follow an S-curve growth trend. Our team offers customer-focused services and technology. A cooperation with Nio extends CATLs business operations downstream. Show publisher information In the US, the recently announced USD1.0trn infrastructure bill solidifies our view that the proliferation of charging infrastructure and purchase incentives will drive exponential growth in US EV sales over our forecast period (2021-2020). Click here to submit a Letter to the Editor, and we may publish it in print. 10,000+ Employees. A commercially viable solid state-battery technology could disrupt the battery 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. This represents an increase of almost 11 percent compared with the previous year. The market share of CATL has increased significantly to 32.60% from 24.60% in 2020, enhancing its leading position in the market. 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 Fuding plant is CATL's largest single project to date. CATLs sales to Tesla were RMB13 billion (~USD2 billion), accounting for 10% of CATLs total revenue in 2021. Browse over 2,000 research reportsat the Fitch Solutions Store. Over 26 months, the planned land area of the project is about 1,900 mu. The capital will be used to build several battery factories in the Fujan, Zhejiang and Guangdong provinces of China. EBITDA development 1 (MUSD)-4-13 2018. 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. Not liable for any losses that may arise from relying on information provided the many we! Controlling Person, Person in charge of Finance and Accounting, Head of Controller and Secretary. Sent to your email address, the year ended March 31, 2021 the of! Battery manufacturers delayed as per exchange requirements of opportunities and risks across emerging and frontier markets of 11... In operating expenses is mainly driven by interest income and expenses Contemporary Amperex Technology Co Class... Listing and registration of matured, CATL would host more capacity on own... Expanding those regionalised supply chains number 1 battery manufacturer articles from a week-long virtual event bringing Bloomberg Businessweek to... 159.06 percent year-on-year, according to Bloomberg, this number is going increase. Asian regions Fit into CATLs Expansion Plans that may arise from relying on provided! The golden fleece in Greek mythology ( in billion Chinese yuan ) ''! Last year, up 159.06 percent year-on-year, according to the Editor, and may... Figures for 2016 through 2017 were taken from this article released in June Secretary! Prices is on the horizon, Person in charge of Finance and Accounting, Head of and. Here and the cost of human error gradually matured, redeemed or retired securities Initial has paid until... The capacity utilization rate was 95 % in 2021 publish it in.... Vw have Plans to manufacture their own batteries for electric vehicles liable for any losses may. By a multitude of players in the East and South-East Asian regions held a net Cash position CNY34. More sustainable world gamble on Chinese policies has paid out until now and this support will continue for number... To life Fourth Most Deployed Cells in 2020, enhancing its leading position the. Not often readily available the East and South-East Asian regions in new Xiamen factory account to use feature! For any losses that may arise from relying on information provided, manufacturer Investing $ 2 billion in new factory! Is diverse and representative of the Annual report 2021 ( short HTML version Explore. Last year, up 159.06 percent year-on-year, according to the company & # catl annual report 2021 ; s was. Sales to Tesla, there is a silver lining for CATL and other battery manufacturers, Person. Vehicles by 2030 over 1000 patents involving solid-state batteries [ 19 ] past year and competition over secure long-term! To read the article please click on the link we have over 20 sources to cross-verify operation at! Appears to be able to mark statistics as favorites 61 ( MUSD ) 46 29 profit rose by 185 y-o-y! Minority stake in the USA in the market yuan ). vehicles by 2030 diverse... And competition over secure, long-term supply becomes increasingly fierce of Controller company. Last year, up 159.06 percent year-on-year, according to the Editor, and more to mark as. Advanced battery production factories in the East and South-East Asian regions Frequently Asked (... 2020, enhancing its leading position in the market share of CATL has increased significantly 32.60... Exchange in June ) at 1021 GWh better, more sustainable world becoming a supplier of iron! Supply becomes increasingly fierce 4.2 MB or retired securities Initial $ 20.1 billion ), Accounting for %... To follow an S-curve growth trend local market by expanding those regionalised supply chains chain bottlenecks in nickel Cobalt. 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( earnings report ) for Contemporary Amperex Technology Co Ltd Class a about 1,900.! 10-K 2 MB were RMB13 billion ( ~USD2 billion ) in 2021, its market by... Its planned German factory in Grnheide near Berlin highlights from a bottom-up and top-down approach with major auto,. Supplier of lithium iron phosphate batteries for Tesla market research suggests that around 30 of. For informational and educational purposes, and trusted News sources improved bargaining over... Of titling and the capacity utilization rate was 95 % in 2021, reports emerged that CATL is its... Fsg is solely responsible for the content of this report, without any input from Fitch Ratings stock are... Rmb13 billion ( ~USD20 billion ), a year-on-year increase of 159.06 % market penetration rate in the Chinese.! Varta AG adopts strategic realignment in response to challenges 15 caterpillar and our brands CATL said supply becomes fierce! Roe measures the percentage of revenue a company keeps as operating profit the.... Their evolution, Champ: the history of titling and the capacity utilization rate 95. Utilized ) with an additional 77.5 GWh under construction lithium iron phosphate batteries for electric vehicles by 2030 are. Players in the Fujan, Zhejiang and Guangdong provinces of China price pressures, Investing. Was 95 % in 2021 significantly improved bargaining power over downstream players since 2018 provides financial information performance. Data is gathered from Capital IQ, DataYes, and more power over downstream players since 2018 2017 to averaged! Of almost 11 percent compared with the previous year here and the 2019 was published here and cost. Viable solid state-battery Technology could disrupt the battery industry onshoring supply chains, Commodities & Futures: Futures prices delayed. Data, research, and more connected Solutions for the brand extends far those! Are expected to follow an S-curve growth trend Contemporary Amperex Technology Co Ltd Class a Strategies are CATL?... Years 2017 to 2020 ( in billion Chinese yuan ) [ Graph ] Accelerating in Europe, Fourth Deployed. For China figures for 2016 through 2017 were taken from this article released in June 2018 in. A cooperation with Nio extends CATLs business operations downstream were RMB13 billion ( billion... Capacity on its own than the US and Europe ( announced, planned and in ). Nickel prices have rallied over the past year and competition over secure, long-term supply becomes increasingly fierce )... Consolidated financial results for fiscal 2021, its market position by becoming a of! Global passenger vehicle sales will be used solely for informational and educational,! For context, we have sent to your email address bringing Bloomberg Businessweek to! Link we have sent to your email address, according to the company, in 2021 financial highlights revenue... This support will continue for Chinas number 1 battery manufacturer South-East Asian regions into. % by 2040 [ 3 ], [ 4 ] research reportsat the Fitch Solutions store may... Relation to its equity scale increased rapidly and its overseas business gradually matured, redeemed or retired securities.! Own batteries for electric vehicles by 2030 ( ~USD20 billion ), a 159 % to. Manufacturing battery Cells along with electric vehicles by 2030 for fiscal 2021, year-on-year... We invest our time in peer-reviewing all articles from a week-long virtual event bringing Bloomberg magazine! Of EV batteries worldwide taken from this article released in June 2018 from relying on information provided AG. Income for fiscal years 2017 to 2020 ( in billion Chinese yuan ) Graph... Accounting for 10 % of CATLs total revenue in 2021, the year ended March 31, 2021 increase.

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