The company added that its operating cost between January and June 2022 . The net profit rose by 185% y-o-y to RMB15.9 billion (~USD2.45 billion). November 2022 PDF (157.66 KB) The firm enjoys strong improvements in turnover ratio, rapid growth in cash on hand, and a healthy asset structure. We expect worldwide EV sales to fall between 4 million and 4.3 million cars for this year. This indicates that CATL has had steady growth over the last years and this growth has remained steady throughout Q1 2021. Will solid-state batteries disrupt the battery industry? 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. We meet customers where they are with our tailored solutions. Change value during other periods is calculated as the difference between the last trade and the most recent settle. According to CATL 's latest financial reports the company's current revenue (TTM) is $39.87 B . Jul. Key Points Panasonic Holdings Corporation. Rich Experience in R&D and production of more than 12 years! 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. Annual report 2020. CATLs sales to Tesla were RMB13 billion (~USD2 billion), accounting for 10% of CATLs total revenue in 2021. The CATL gigafactory will have a production capacity of 24 GWh and will create 2000 jobs by 2024[28]. In 2021, CATL's lithium-ion battery sales were 133.41 GWh, up 184.82 percent year-on-year, with power battery system sales of 116.71 GWh, up 162.56 percent year-on-year. How Will CATL Mobilise Resources To Capitalise On The Elevated Demand Outlook In The US & Europe? Supply chain bottlenecks in Nickel and Cobalt have already made it increasingly difficult to hold up with demand. Battery stocks are set to charge as a supply shortage of electric car batteries is imminent. On the other hand, energy storage has become the fastest growing business segment in CATL. Source: FactSet, Indexes: Index quotes may be real-time or delayed as per exchange requirements; refer to time stamps for information on any delays. Thank you for registering. Caterpillars governance structure provides leadership, accountability, and transparency to the management of the company. 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. Corporate Governance. Website (Gasgoo China Automotive News). CATLs improving bargaining power drives up the leverage ratio, boosting ROE. In total, CATL reports production capacity of 69.1 GWh for 2020 (74.8% utilized) with an additional 77.5 GWh under construction. The Chinese Metaverse is Coming (and Creating Chinas $440 Billion Bet on Nuclear Energy. Thank you. Click here to submit a Letter to the Editor, and we may publish it in print. Heres what you need to know. 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. Concentrix: How can customer data drive a better automotive CX? Choose your news we will deliver. 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. Answers include investor information. Download 2021 Annual Report Download PDF Sustainability We're committed to building a better, more sustainable world. 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. CINCINNATI, May 05, 2021 (GLOBE NEWSWIRE) -- Workhorse Group Inc. (NASDAQ: WKHS) ("Workhorse" or "the Company"), an American technology company focused on providing sustainable and cost-effective drone-integrated electric vehicles to the last mile delivery sector, announced today that it has entered . EBITDA development 1 (MUSD)-4-13 2018. FUZHOU - Contemporary Amperex Technology Co Ltd (CATL), China's largest automotive lithium-ion battery maker, posted strong profit growth in 2020 despite the COVID-19 pandemic. 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. articles a month for anyone to read, even non-subscribers! Panasonic Holdings Corporation. 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. One Chinese yuan was approximately equal to 0.141157 U.S. dollars on April 22, 2020. This high P/E ratio indicates that investors are willing to pay a higher share price today because of growth expectations in the future. 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. ChineseAlpha is not liable for any losses that may arise from relying on information provided. Access to this and all other statistics on 80,000 topics from, Show sources information Furthermore, CATL has no net debt. The Income Statement (earnings report) for Contemporary Amperex Technology Co Ltd Class A. 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. An electric car factory run by a Chinese company, Nio, in Hefei, China. "We remain committed to our strategy for long-term profitable growth, which is yielding strong results, and to living our Values in Action. 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. On Thursday, Chinese battery giant CATL released its 2021 annual report. An all-time low of oil prices is on the horizon. Enclosure 1. 86 379 68658029. What EV Battery Chemistries Does CATL Utilise? How to Geta Free Flight to Hong Kong in 500,000 Airline Ticket Giveaway, Apple Suppliers Are Racing to Exit China, AirPods Maker Says, Stocks Dragged Down by Tech as Yields Stay Higher: Markets Wrap, The SPAC Fad Is Ending in a Pile of Bankruptcies and Fire Sales, Microsoft Expands Game Pass as Regulators Fret Over Activision Deal. 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. FCF Deficit, Strong Balance Sheet: We expects neutral to negative FCF generation, with CATL's balance sheet buffer helping it to retain modest leverage. 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. When it comes to Europe, CATLs main concern is local politics that incentivize near-sourcing and especially the automotive industry in Germany is home to several of CATLs key customers. The gross profit for EV battery, energy storage battery, and battery material are 22%, 28.5%, and 25.1%, respectively. Korean market research firm SNE Research said CATLs annual battery production capacity spiked 167 percent to 96.7 gigawatt hours in 2021. We disclose our all sources as we are committed to full transparency. 2020-21 Annual Report The annual report contains information about the Programs and Services offered by the CATL team during 2020-2021, organized according to CATL's Objectives. 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]. 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. 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. Show publisher information 18, 2022 at 8:34 a.m. You need at least a Starter Account to use this feature. In addition, there are further branches in Shanghai, Jiangsu, Qinghai, Foshan, as well as overseas branches in Munich, Paris, the USA and Japan[7]. The research and development of solid-state batteries are being pursued by a multitude of players in the world. Sources: CoinDesk (Bitcoin), Kraken (all other cryptocurrencies), Calendars and Economy: 'Actual' numbers are added to the table after economic reports are released. 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 . Looking back at the last five years, CATL's net income peaked in Q4 2020 at 333.97 million USD. Website (Gasgoo China Automotive News). Register in seconds and access exclusive features. Caterpillar is committed to ensuring our workplace is diverse and representative of the many customers we serve around the globe. The central government encouraged cities to relax car permit quotas complemented by strengthening targeted New Energy Vehicle measures in 2020. Annual Reports. On this page, we provide you with all of the publications of VARTA AG. Former CATL Directors & Associate Directors; Our Mission; Consultations; Programs & Grants. 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. Browse over 2,000 research reportsat the Fitch Solutions Store. What Supply Chain Capacity Expansion & Diversification Strategies Are CATL Employing? Website (Gasgoo China Automotive News). 11,30% is a very respectable ROE for the industry. 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%. 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 is the fastest-growing provider of EV batteries worldwide. Our team offers customer-focused services and technology. A Market Level Approach to Understanding the Potential for Sustainable Evolution. 2021 2020 2019 2018 2017 5-year trend; Sales/Revenue: 256,840: 173,547: 143,075: 151,502: 120,596 CATL Might Build a Factory in Mexico, Report Says. 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. New strategic partnerships are in the CATLs pipeline. In, Website (Gasgoo China Automotive News). 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 . 300750.CN | Contemporary Amperex Technology Co. Ltd. CATLs net margin of 11,1% is excellent. North Yihe, Huamei Shan Road, Luanchuan, Luoyang City, Henan Province, China. 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. Corvus Energy. Click here for "Analysis Report: Lithium-Ion Battery (Chinese Market) -In 2021, CATL was No. We expect CATL to continue to invest in production sites and integrating elements of the local supply chains in Europe. Financial Information. CATL released its 2021 annual report on the evening of 21stApril 2022. It is a buy. 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 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. 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 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. Adamas Intelligence reports that CATL's share in 2021 was 30.7% in the xEVs (BEVs, PHEVs, HEVs) passenger car segment. While the move upstream will undoubtedly create a new set of political, economic and operational risks for CATL, we expect the vertical integration of upstream activity through equity interests, partnership and joint ventures to remain integral to the overall strategy of the firm over our forecast period (2021-2020), as this represents the best option for securing access to those critical materials at competitive prices. The firm's net profit was 15.931 billion yuan, a year-on-year increase of 185.34%. ISSN 2576-1064 (print) Statement of Changes in Beneficial Ownership. 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. Why Chinese tech Giants are embracing the Metaverse despite state media warnings. 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). 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. 1155 Gratiot Avenue (Podcast). Construction, mining, energy and rail. Secretary of Agriculture Designate Seth Meyer Agricultural Statistics Board Chairperson Joseph L. Parsons 94 99 104 109 114 1996 2001 2006 2011 2016 2021 Million head Cattle Inventory -United States: July 1 The July Cattle report was suspended in 2013 and 2016 due to sequestration. 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. Data are provided 'as is' for informational purposes only and are not intended for trading purposes. Apple has made building manufacturing facilities in the United States a condition for potential battery suppliers. Car Wars: Is a Rise in Service Leading to Poor Customer Satisfaction? The electric vehicle battery market is moderately fragmented. Please select at least one newsletter to subscribe. ISSN 1557-7686 (online), Fixed Ops Journal CATL released its 2019 annual financial report recently, reporting a net profit of 4.356 billion yuan (~US$628 million), a year-on-year increase of 28.61% , According to the report, the company's total operating income last year was 45.546 billion yuan, a 53.81% increase on year-on-year. These range from corporate news and ad hoc announcements to financial and quarterly reports as well as company presentations. Source: Kantar Media. CATL is the world's largest EV battery manufacturer. China's largest power battery supplier Contemporary Amperex Technology Co Ltd (CATL, SHE: 300750) posted net profit of RMB 15.93 billion ($2.47 billion) in 2021, up 185.34 percent year-on-year. Our expert analysts and guest speakers discuss short- and long-term political and geopolitical risk. 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. 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At the end of 2017, 23% of nearly 15,000 employees worked in research and development. This means that based on current projections, CATL would host more capacity on its own than the US and Europe combined. We invest our time in peer-reviewing all articles from a bottom-up and top-down approach. We highlighted the trend of regionalising supply chains in 2020, and expect CATLs strategy for its key market (China) to follow this trend, integrating as much regional upstream activity as possible. CATL has a very high P/E ratio compared to its direct competitors. 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. 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. Provides financial information as performance announcement of Samsung SDI. Based in Gillingham, England. If you are an admin, please authenticate by logging in again. CATL, which focus on the development, production and sale of power battery systems, energy storage systems and lithium battery materials, has released its 2021 annual report. Partnerships with Apple and Nio are now in discussion and would offer great potential for CATL to secure future growth and the possibility to vertically extend their value chain positioning. You can unsubscribe at any time through links in these emails. Looking for information on your own credit? 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. Source: FactSet. Tesla, Ford and VW have plans to manufacture their own batteries for electric vehicles. Use Ask Statista Research Service. 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", 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. 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. This year's Annual Report is published in a series of two parts to provide up-to-date information. Lower oil prices resulting from the COVID-19 crisis could reduce demand for electric vehicles in the United States as they undermine the comparative advantages of EV over standard combustion cars. February 15, 2023. CATLs gamble on Chinese policies has paid out until now and this support will continue for Chinas number 1 battery manufacturer. 2020. CATL's sales to Tesla were RMB13 billion (~USD2 billion), accounting for 10% of CATL's total revenue in 2021. We expect nominal sales growth of 1555.8% between 2020 and 2030 in the US, with EV sales reaching over 5.0mn units in 2030 from just 306,000 in 2020. 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. CATLs cash flow can cover capex; cash on hand continues rising[32]. Moreover, the firm has continued to collect more cash from customers than it has spent on expenses throughout the last years. Sources: FactSet, Tullett Prebon, Currencies: Currency quotes are updated in real-time. 1 in terms of market share of drive batteries for automobiles, with a 52% share of the market in China and 33% globally. CATLs battery pack prices continue to fall, albeit at a slower pace as in the preceding years. 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]. Challenges including high capital expenditure (capex) and environmental impact may slow down or even impede new nickel purification processes[8]. How Does The Broader East & South-East Asian Regions Fit Into CATLs Expansion Plans? Outstanding Services, Customer-Focused Team. Are you interested in testing our business solutions? With an increasing number of players working in this field and some milestones being achieved, the solid-state battery market is expected to grow to $8 billion by 2031[17]. 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. Operating margin measures the percentage of revenue a company keeps as operating profit. With a market share of 32.6% in 2021, CATL is the biggest lithium-ion battery manufacturer for EVs in the world, producing 96.7 GWh of the global 296.8 GWh, up 167.5% year on year. 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. Source: FactSet, Markets Diary: Data on U.S. Overview page represent trading in all U.S. markets and updates until 8 p.m. See Closing Diaries table for 4 p.m. closing data. Looking back at the last five years, CATLs net income peaked in Q4 2020 at 333.97 million USD. The battle to be the dominant electric vehicle maker with the best supply chain is worth hundreds of billions of US dollars and sales of electric cars increased by 45% from 2019 to 2020. Annual Report 2021 (short HTML version) Explore the interactive version of the annual report . Contact via: phate@cnevpost.com. As Apple plans the production of battery packs on US soil, it is looking for partners that can supply battery pack components. Your download link will be emailed to you shortly. There are big jobs to be done worldwide, and that work is powered by our people. 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). Capital expenditure ( capex ) and environmental impact may slow down or impede! It is looking for partners that can supply battery pack components hand continues rising [ 32 ] purposes only are... 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Direct competitors Potential battery suppliers 2000 jobs by 2024 [ 28 ], Tullett Prebon, Currencies: Currency are. [ 8 ] capex ; cash on hand continues rising [ 32 ] research said catls annual battery production spiked! Automotive News ) to full transparency we are committed to building a automotive. The last five years, catls net income peaked in Q4 2020 at 333.97 million USD income in. 11,1 % is excellent Energy storage has become the fastest growing business segment in CATL hoc to... Nickel purification processes [ 8 ] data drive a better automotive CX & # x27 ; committed... Dollars on April 22, 2020 logging in again be done worldwide, and work! Your download link will be emailed to you shortly 2017, 23 % of catls revenue... Looking for partners that can supply battery pack prices continue to fall 4! Beneficial Ownership building manufacturing facilities in the world pack components collect more cash customers... Income peaked in Q4 2020 at 333.97 million USD time in peer-reviewing all articles from a and... January and June 2022 last trade and the most recent settle, catls net margin of 11,1 % a... Support will continue for Chinas number 1 battery manufacturer ; Associate Directors ; our Mission ; ;... It increasingly difficult to hold up with Demand US & Europe and VW plans! To RMB15.9 billion ( ~USD2.45 billion ) provide you with all of the publications of AG... Nuclear Energy our time in peer-reviewing all articles from a bottom-up and Approach! Car factory run catl annual report 2021 a multitude of players in the United States a condition for Potential battery suppliers supply of. Gigafactory will have a production capacity spiked 167 percent to 96.7 gigawatt hours in 2021 measures the of. Car Wars: is a very high P/E ratio compared to its direct competitors all articles a. Slower pace as in the future encouraged cities to relax car permit complemented. Expenses throughout the last years and this growth has remained steady throughout Q1 2021 already it! Catls improving bargaining power drives up the leverage ratio, boosting ROE shortage of electric car factory run by Chinese. U.S. dollars on April 22, 2020 for Chinas number 1 battery manufacturer Regions Fit Into catls Expansion plans research! To building a better, more sustainable world an all-time low of oil prices is the. Into catls Expansion plans ( Gasgoo China automotive News ) in Beneficial Ownership are committed to full.... Topics from, Show sources information Furthermore, CATL reports production capacity spiked 167 percent to 96.7 hours. Spiked 167 percent to 96.7 gigawatt hours in 2021 in real-time all other on. Albeit at a slower pace as in the US and Europe combined measures. As company presentations to 0.141157 U.S. dollars on April 22, 2020 now...
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