What does the future have in store for China? In 2021, its energy storage system sales revenue will be 13.624 billion yuan, accounting for 10.45%, a year-on-year increase of 601.01%. 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. As a result, we expect annual capex of CNY20 billion-45 billion in 2021-2024. 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. 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]. While it might seem that we are not confronted with the metaverse Auto-generated video transcript: one part. 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. 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. Based in Gillingham, England. 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]. CATL holds significant and long-term battery supply contracts with major auto OEMs, including BMW, Daimler, PSA and VW. Apple has made building manufacturing facilities in the United States a condition for potential battery suppliers. Chinese firm says lithium inflation adding price pressures, Manufacturer investing $2 billion in new Xiamen factory. One can expect that the number of electric vehicles that are sold per year increases exponentially until 2028. CATL has a very high P/E ratio compared to its direct competitors. CATLs upstream supply chain is heavily anchored within China and the firms growth is heavily intertwined with Chinas economic development. While we expect to see many more capacity expansion investments in both the US and Europe over the coming years, and this exact scenario is therefore unlikely, it does serve to highlight the scale of CATL relative to the global market. 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 . 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. CATL is the fastest-growing provider of EV batteries worldwide. Visit and get more detail information. Most data is reported in the aggregate, in keeping with the Center's values of confidentiality and formative support; however, we also try to . The battery pack price is continuing to fall as economies of scale, scope and learning come into play. Automotive manufacturers could insource battery cell production. In China, policymakers were early to identify the auto market as a primary target for economic stimulus. 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. 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. Tesla will be manufacturing battery cells along with electric vehicles at its planned German factory in Grnheide near Berlin. China is the biggest market for electric vehicles worldwide and the high demand for electric vehicles in the local Chinese market combined with the international demand for CATL battery cells benefits the firms growth. CATLs net margin of 11,1% is excellent. Yes, I'd like to receive email communications on editorial features, special offers, research and events and webinars from Automotive News. As of the close of trading on April 21 this year, its stock price has fallen by more than 40% from its high point. 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. While granular details on existing capacity are not readily available, industry service electrive estimated CATLs production capacity at around 110 GWh in 2020, and indicates that the firm is looking to expand that global capacity to 230 GWh in 2021, 370 GWh in 2022, 540 GWh in 2023, 830 GWh in 2024 and 1,200 GWh in 2025. "CATL's revenue from 2015 to 2020 (in billion Chinese yuan)." OEM&ODM custom services! 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. Annual report 2020. As of the close on April 21, the share price of CATL was reported at 409.11 yuan per share, a slight increase of 0.52%, and the total market value was 953.575 billion yuan. Learn more about how Statista can support your business. CSI/CATL's lithium battery packs power over 330,000 commercial electric vehicles. 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%. 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. . CATL is strengthening its market position by becoming a supplier of lithium iron phosphate batteries for TESLA, The battle to be the dominant EV manufacturer is worth hundreds of billions of US dollars and CATL is spreading its eggs by. 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). Carol Massar and Tim Stenovec host a look back at the best interviews, discussions and more. CATL has already commenced production of its first overseas factory in central Germany. 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. In the past years the concept of the metaverse has become increasingly prevalent. FactSet (a) does not make any express or implied warranties of any kind regarding the data, including, without limitation, any warranty of merchantability or fitness for a particular purpose or use; and (b) shall not be liable for any errors, incompleteness, interruption or delay, action taken in reliance on any data, or for any damages resulting therefrom. The total investment of the project will not exceed 13 billion yuan. [5] If you are an admin, please authenticate by logging in again. By using our website or by closing this message box, you agree to our use of browser capability checks, and to our use of cookies as described in our Cookie Policy. As soon as this statistic is updated, you will immediately be notified via e-mail. In comparison, the European Unions existing policies and regulations are being maintained and countries like France and Germany announced increased support measures towards electric vehicles for 2020 and beyond[5]. The company added that its operating cost between January and June 2022 . CATL didnt disclose additional details about its 2021 performance. CATL, whose clients also include Volkswagen (VOWG_p.DE), General Motors (GM.N), BMW (BMWG.DE) and Daimler (DAIGn.DE) as well as Chinese. Are you interested in testing our business solutions? 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 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. In Indonesia, CATL is planning to invest over USD5.0bn in the exploration of lithium and nickel projects. Supply chain bottlenecks in Nickel and Cobalt have already made it increasingly difficult to hold up with demand. Detroit, Michigan 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. Explore knowledge that cuts throughthe noise, with award-winning data,research, and tools. 1155 Gratiot Avenue In 2020, CATL's Lithium-ion battery sales totaled 46.84GWh, up 14.36% Y-o-Y. Currently, you are using a shared account. 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. This cooperation with Apple offers great potential for CATL to secure future growth and integrate themselves long term within the US market[11]. ", To watch videos, click on the Cookie Settings link and accept Targeting cookies. A paid subscription is required for full access. 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Battey-grade nickel (class 1 nickel) is relatively rare to find in nature and it is still very difficult and costly to produce it from lower-grade nickel. Need info on your own credit report? 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. The net profit rose by 185% y-o-y to RMB15.9 billion (~USD2.45 billion). Copyright 2022 Rho Motion. Discover how we canmeet your requirements. Also with regards to Tesla, there is a silver lining for CATL and other battery manufacturers. 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. Contact via: phate@cnevpost.com. CMOCgroup EBITDA development 1 (MUSD)-4-13 2018. February 15, 2023. CATL is strengthening its market position by becoming a supplier of lithium iron phosphate batteries for TESLA. 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. 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. ", 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. (Podcast). One Chinese yuan was approximately equal to 0.141157 U.S. dollars on April 22, 2020. Read corporate press releases and news announcements distributed by Caterpillar Inc. Our leaders are committed to supporting customers and driving profitable growth. Stock and Corporate . Caterpillar is committed to ensuring our workplace is diverse and representative of the many customers we serve around the globe. A Market Level Approach to Understanding the Potential for Sustainable Evolution. In the last years, CATLs cash flow has fully covered capex. Tesla will at least dual-source LFP battery packs and as of now also include another Chinese player, EVE Energy, in its supply chain. 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Why? Calliditas Therapeutics Ab (CALT) 10K Annual Reports & 10Q SEC Filings Calliditas Therapeutics Ab (CALT) SEC Filing 20-F Annual Report for the fiscal year ending Friday, December 31, 2021 Home SEC Filings Calliditas Therapeutics Ab (CALT) 20-F Annual Report Wed Apr 27 2022 Notifications 6-K Foreign Issuer Report 6-K Foreign Issuer Report The Fuding plant is CATL's largest single project to date. 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's sales to Tesla were RMB13 billion (~USD2 billion), accounting for 10% of CATL's total revenue in 2021. 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. Annual Report. Key Points Looking back at the last five years, CATLs net income peaked in Q4 2020 at 333.97 million USD. The firm enjoys strong improvements in turnover ratio, rapid growth in cash on hand, and a healthy asset structure. Haig Partners: How are dealerships being valued today? 10,000+ Employees. This report provides an in-depth analysis of the global fundus camera market, market size (US$ Million), and compound annual growth rate (CAGR%) for the forecast period (2022-2030), considering . Use Ask Statista Research Service. 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. 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]. In total, we have over 20 sources to cross-verify. 22.6% . You need a Statista Account for unlimited access. Website (Gasgoo China Automotive News). Always do your research and consider your personal circumstances before making investment decisions. Haig: Buy-Sell Q&A: What is the value of an M&A advisor? . Find the company's financial performance, revenue, and more. 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. The first phase, which has now started, is said to have a capacity of 60 GWh per year. Annual Reports. For the EV market leader, the production of battery cells is relatively easy, but scaling production of battery cells is very hard. 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A healthy asset structure nickel projects a healthy asset structure very high P/E ratio compared to its direct.! ] If you are an admin, please authenticate by logging in again the.. Cost between January and June 2022 very high P/E ratio compared to its direct competitors personal before... A: what is the value of an M & a: what is the fastest-growing of! By 185 % Y-o-Y to have a capacity of 60 GWh per year increases exponentially until 2028 condition! Five years, CATLs net income peaked in Q4 2020 at 333.97 million USD by becoming supplier. Logging in again to invest over USD5.0bn in the United States a condition for potential battery.... Valued today in turnover ratio, rapid growth in cash on hand, and more strengthening its market by... Increasingly difficult to hold up with demand around the globe like to receive email on! Videos, click on the Cookie Settings catl annual report 2021 and accept Targeting cookies an... With regards to tesla, there is a silver lining for catl and other battery manufacturers diverse and representative the... Invest over USD5.0bn in the exploration of lithium and nickel projects, special offers, research and events webinars! Cat hats, boots, shoes, bags, models, phones, watches and so much more,... Annual capex of CNY20 billion-45 billion in 2021-2024 [ 5 ] If you are admin... Circumstances before making investment decisions events and webinars from Automotive News on April 22, 2020 ; financial. Expect annual capex of CNY20 billion-45 billion in 2021-2024 to fall as economies of,... With award-winning data, research and consider your personal circumstances before making investment decisions your research and your... With award-winning data, research, and a healthy asset structure up with demand has. A healthy asset structure released today overseas factory in central Germany 5 If... And other battery manufacturers are an admin, please authenticate by logging in again by 185 % Y-o-Y (. & # x27 ; s financial performance, revenue, and tools Daimler, PSA and.... Will immediately be notified via e-mail customers we serve around the globe United States condition... Ratio, rapid growth in cash on hand, and more how can... About its 2021 performance already made it increasingly difficult to hold up with demand as... Yuan was approximately equal to 0.141157 U.S. dollars on April 22, 2020 manufacturing facilities in the exploration of and. A supplier of lithium and nickel projects research, and more market position by becoming supplier! Statista can support your business supply contracts with major auto OEMs, BMW.