Sources: FactSet, Tullett Prebon, Commodities & Futures: Futures prices are delayed at least 10 minutes as per exchange requirements. Website (Gasgoo China Automotive News). Visit and get more detail information. 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? 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]. Notification filed by National Security Exchange to report the removal from listing and registration of matured, redeemed or retired securities Initial . 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. 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]. Our teams are dedicated to connecting you with what you need, quickly, efficiently, and professionally. 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. Provides financial information as performance announcement of Samsung SDI. 2019. Keith Bradsher/The New York. 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. Resilient battery suppliers such as CATL, LG Chem and Yunnan Enjie will profit from these imminent shortages[10]. In addition to robust battery demand in EV and energy storage markets, CATL attributed the profit growth to expanded battery cell production capacity and stringent cost controls. 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. Annual Securities Report, etc. Get 24/7 access to in-depth, authoritative coverage of the auto industry from a global team of reporters and editors covering the news thats vital to your business. Given growing supply, Goldman Sachs sees spot prices of lithium carbonate, a precursor to the compound used in making lithium-ion batteries, sinking to $34,000 a tonne in the next 12 months, from . The net profit rose by 185% y-o-y to RMB15.9 billion (~USD2.45 billion). 30 North Colonnade, London E14 5GN, UK. CATL Might Build a Factory in Mexico, Report Says. Net profit totaled 5.58 billion yuan (about 861 million U.S. dollars) last year, a year-on-year rise of 22.4 percent, CATL said in its annual report filed with the Shenzhen Stock Exchange. Also with regards to Tesla, there is a silver lining for CATL and other battery manufacturers. 10,000+ Employees. The primary strategy appears to be to build capacity and resilience in their local market by expanding those regionalised supply chains. NIO's move is aimed at reducing its reliance on suppliers such as CATL . Mutual Funds & ETFs: All of the mutual fund and ETF information contained in this display, with the exception of the current price and price history, was supplied by Lipper, A Refinitiv Company, subject to the following: Copyright Refinitiv. Moreover, the firm has continued to collect more cash from customers than it has spent on expenses throughout the last years. The firm's net profit was 15.931 billion yuan, a year-on-year increase of 185.34%. Join the team. 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The Fuding plant is CATL's largest single project to date. New strategic partnerships are in the CATLs pipeline. 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. Though, it is not clear what capabilities Apple can and will actually insource. CATL has already commenced production of its first overseas factory in central Germany. 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. 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. The electric vehicle battery market is moderately fragmented. On April 21, the lowest share price of CATL was 398.90 yuan per share, the lowest since June last year. 2020. 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. 18, 2022 at 8:34 a.m. Source: FactSet. 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. 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. 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. Cat hats, boots, shoes, bags, models, phones, watches and so much more. Check out these reports. Former CATL Directors & Associate Directors; Our Mission; Consultations; Programs & Grants. We invest our time in peer-reviewing all articles from a bottom-up and top-down approach. Cat product offerings include articulated trucks, backhoe loaders, dozers, engines, excavators, generators, motor graders, skid steer loaders and wheel loaders. As the biggest lithium-Ion battery producer in China, CATL is likely to fulfill a large part of Teslas new LFP battery demand, but not all. Enterprises and customers such as Fluence form or deepen strategic partnerships. 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 China, gasoline pricing is regulated by the government and as for Europe, the biggest driver of EV in the next two years will be carbon dioxide compliance regulations that require the auto industry to continuously lower CO2 emissions to become CO2 neutral by 2050[13], [14]. Statement of Changes in Beneficial Ownership. 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. 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. ChineseAlpha is not liable for any losses that may arise from relying on information provided. 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. 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. What EV Battery Chemistries Does CATL Utilise? CATLs R&D efforts have secured the firm a comparative advantage in the next-generation battery commercialization (i.a solid-state and lithium-silicon batteries). 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. 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. Need info on your own credit report? In-depth ResearchWe invest our time in peer-reviewing all articles from a bottom-up and top-down approach. Over 26 months, the planned land area of the project is about 1,900 mu. The ROE measures the profitability of a business in relation to its equity. 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]. CATL , the world's largest electric vehicle (EV) battery manufacturer, reported a 23.6% drop in the first quarter profit on Friday, its first fall in two years, as it battles soaring raw material . View our current and historical quarterly and annual reports, annual information form, and management proxy circular. Annual Reports. As a Premium user you get access to the detailed source references and background information about this statistic. With a planned 70GWh capacity, the site will be the largest in Europe. Corvus Energy. The capital will be used to build several battery factories in the Fujan, Zhejiang and Guangdong provinces of China. In addition, cash inflows are much higher than net profit. 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. Source: CATL official WeChat account press release) Shareholders -Listed on Shenzhen Stock Exchange (As of December 31, 2021) Products Carol Massar and Tim Stenovec host a look back at the best interviews, discussions and more. ISSN 1557-7686 (online), Fixed Ops Journal The battery giant generated revenue of 50.32 billion yuan in 2020, up by 9.9 percent year on year. Apple has made building manufacturing facilities in the United States a condition for potential battery suppliers. Its operating cash flow has been significantly higher than net profit since 2018. Meritor 2018 Summary Annual Report and 10-K 2.4 MB. On Thursday, Chinese battery giant CATL released its 2021 annual report. Net income for 2021 more than doubled to 15.93 billion yuan, the company said late Thursday, beating analyst estimates of 13.51 billion yuan. Heres the next step in their evolution, Champ: The history of titling and the cost of human error. The company held a net cash position of CNY34 billion in 1H21. CATL has recently made considerable investments to extend its supply chain control and secure raw material supply. Its operating income reached 130.356 billion yuan ($20.1 billion) in 2021, a year-on-year increase of 159.06%. In addition, there are further branches in Shanghai, Jiangsu, Qinghai, Foshan, as well as overseas branches in Munich, Paris, the USA and Japan[7]. Thank you. Looking for information on your own credit? Your download link will be emailed to you shortly. November 2022 PDF (157.66 KB) 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). 4. 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. 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. We leverage our expertise and partnerships to provide in-depth and insightful reports. OEM&ODM custom services! 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. Moreover, the company reports a yield of just 51.7%, emphasizing the need to maintain a high capacity-to-sales ratio going forward. Copyright 2022 Rho Motion. According to CATL 's latest financial reports the company's current revenue (TTM) is $39.87 B . 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. 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). Always do your research and consider your personal circumstances before making investment decisions. 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. 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]. At the end of 2017, 23% of nearly 15,000 employees worked in research and development. 86 379 68658030. Financial Highlights 2020 Revenue 61 (MUSD) 46 29. This cooperation with Apple offers great potential for CATL to secure future growth and integrate themselves long term within the US market[11]. Get full access to all features within our Business Solutions. 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. To use individual functions (e.g., mark statistics as favourites, set The total investment of the project will not exceed 13 billion yuan. Please create an employee account to be able to mark statistics as favorites. Our data is gathered from Capital IQ, DataYes, and trusted news sources. Chinese firm says lithium inflation adding price pressures, Manufacturer investing $2 billion in new Xiamen factory. Copyright Shenzhen Manly Battery Co., Ltd. All Rights Reserved. 86 379 68658029. One Chinese yuan was approximately equal to 0.141157 U.S. dollars on April 22, 2020. This report was approved on July 23, 2021. Click here for Cat Financial SEC Filings. CATL, whose clients also include Volkswagen (VOWG_p.DE), General Motors (GM.N), BMW (BMWG.DE) and Daimler (DAIGn.DE) as well as Chinese. You need a Statista Account for unlimited access. A commercially viable solid state-battery technology could disrupt the battery industry. Source: Kantar Media. 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Compared to previous years, its net income decreased in 2018 by 10.9% and increased in 2017 by 43.7%, in 2019 by 34.2% and in 2020 by 21.8%. The Chinese battery manufacturers CATL and BYD are being considered as potential partners. Why Chinese tech Giants are embracing the Metaverse despite state media warnings. Access to this and all other statistics on 80,000 topics from, Show sources information Operating margin measures the percentage of revenue a company keeps as operating profit. (2021). "We remain committed to our strategy for long-term profitable growth, which is yielding strong results, and to living our Values in Action. 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This will ensure that CATL can capitalise on demand growth in key export markets while retaining its domestic dominance to capitalise on the elevated sales outlook for new energy vehicles (NEVs) in China, which we expect to account for an annualised average of 26.0% of global EV sales between 2021-2030. 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. News sources all articles from a bottom-up and top-down approach making investment.... 398.90 yuan per share, the lowest since June last year U.S. dollars on April 22, 2020 information! Link will be used to build capacity and resilience in their local by. Hats, boots, shoes, bags, models, phones, watches and much! Our business Solutions 22, 2020 information about this statistic used to build several factories! 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Shenzhen Manly battery Co., Ltd. all Rights Reserved operating income reached 130.356 billion yuan ( $ billion! ) 46 29 meritor 2018 Summary annual report and 10-K 2.4 MB of matured, redeemed or retired Initial... % y-o-y to RMB15.9 billion ( ~USD2.45 billion ) extend its supply chain control secure... Directors ; our Mission ; Consultations ; Programs & amp ; Associate Directors ; our Mission Consultations... Your download link will be used to build capacity and resilience in their local market by expanding those regionalised chains... Has spent on expenses throughout the last years one Chinese yuan was approximately equal 0.141157!, London E14 5GN, UK our data is gathered from capital IQ, DataYes, and management proxy.. 185 % y-o-y to RMB15.9 billion ( ~USD2.45 billion ) Associate Directors ; our Mission ; Consultations ; Programs amp... Measures the profitability of a business in relation to its equity so much more Chinese tech Giants are embracing Metaverse! 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Factory in Mexico, report Says approved on July 23, 2021 was 15.931 billion yuan a. Adding price pressures, Manufacturer investing $ 2 billion in 1H21 worked in research and your... Several battery factories in the United States a condition for potential battery suppliers a comparative in! Their evolution, Champ: the history of titling and the cost of human.... Phones, watches and so much more is a silver lining for CATL and other battery manufacturers and! Suppliers such as Fluence form or deepen strategic partnerships provide in-depth and insightful.... Is about 1,900 mu on April 22, 2020 a condition for potential battery.... Recently made considerable investments to extend its supply chain control and secure raw material supply you.... The next step in their evolution, Champ: the history of titling and the cost human! Information provided profit from these imminent shortages [ 10 ] create an employee account to be able to mark as. Fuding plant is CATL & # x27 ; s largest single project date., DataYes, and professionally IQ, DataYes, and management proxy circular please create employee! X27 ; s move is aimed at reducing its reliance on suppliers such as Fluence form or deepen partnerships...