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 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. Statement of Changes in Beneficial Ownership. Provides financial information as performance announcement of Samsung SDI. "Catl's Revenue from 2015 to 2020 (in Billion Chinese Yuan). Korean market research firm SNE Research said CATLs annual battery production capacity spiked 167 percent to 96.7 gigawatt hours in 2021. 2018. Diversity & Inclusion Caterpillar is committed to ensuring our workplace is diverse and representative of the many customers we serve around the globe. Browse over 2,000 research reportsat the Fitch Solutions Store. 9th Annual B2B Report Webinar Register Now 9th Annual B2B Report Webinar. 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. How Does The Broader East & South-East Asian Regions Fit Into CATLs Expansion Plans? CATL's revenue was RMB130.4 billion (~USD20 billion), a 159% y-o-y increase from 2020. The company's supply framework agreement with Tesla, signed in June 2021, provides for the company to supply products to Tesla from 2022 to 2025, the annual report said. We anticipate that CATL utilises the Lithium Iron Phosphate (LFP) cathode in cells for some of its customers, particularly in China. Learn more about how Statista can support your business. April 28, 2021. Visit and get more detail information. 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. CMOCgroup 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 . 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. And the capacity utilization rate was 95% in 2021. Get to know the business behind theproducts. 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. Keith Bradsher/The New York. Financial Highlights 2020 Revenue 61 (MUSD) 46 29. In 2020, despite the COVID-19 epidemic, CATL still achieved above industry average operating revenue and net profit. FSG is an affiliate of Fitch Ratings Inc. ('Fitch Ratings'). 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). Carol Massar and Tim Stenovec host a look back at the best interviews, discussions and more. Provides financial information as auditors report of Samsung SDI. Cat product offerings include articulated trucks, backhoe loaders, dozers, engines, excavators, generators, motor graders, skid steer loaders and wheel loaders. Most data is reported in the aggregate, in keeping with the Center's values of confidentiality and formative support; however, we also try to . Shareholders' Meeting. 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. Visit and get more detail information. Its shares have risen some 18% this year as sales soar. The popular discussions on solid-state batteries have brought development both in academia and industry. On this page, we provide you with all of the publications of VARTA AG. 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. According to CATL 's latest financial reports the company's current revenue (TTM) is $39.87 B . This cooperation with Apple offers great potential for CATL to secure future growth and integrate themselves long term within the US market[11]. 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. CATLs improving bargaining power drives up the leverage ratio, boosting ROE. 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. CATL has recently made considerable investments to extend its supply chain control and secure raw material supply. At the end of 2017, 23% of nearly 15,000 employees worked in research and development. Here's what Bloomberg had to report on the topic: Investors are looking to Rivian as a potential challenger to market leader Tesla Inc. Caterpillar is committed to ensuring our workplace is diverse and representative of the many customers we serve around the globe. 11,30% is a very respectable ROE for the industry. 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. Panasonic Holdings Corporation. 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. 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. 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. 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. What Is CATLs Existing Capacity Outlook? CATL didnt disclose additional details about its 2021 performance. As soon as this statistic is updated, you will immediately be notified via e-mail. CATL, whose clients also include Volkswagen (VOWG_p.DE), General Motors (GM.N), BMW (BMWG.DE) and Daimler (DAIGn.DE) as well as Chinese. Investors expect CATL to thrive in the future market. 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. As of the close of trading on April 21 this year, its stock price has fallen by more than 40% from its high point. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. NISSAN: 2022 Pathfinder and 2022 Frontier. Danny Lee. As a Premium user you get access to the detailed source references and background information about this statistic. It is a buy. Disclaimer: Our content is intended to be used solely for informational and educational purposes, and not as investment advice. Chinese firm says lithium inflation adding price pressures, Manufacturer investing $2 billion in new Xiamen factory. 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]. ", To watch videos, click on the Cookie Settings link and accept Targeting cookies. Check out these reports. Delphi Automotive PLC is a high-technology company that integrates safer, greener and more connected solutions for the automotive sector. Use Ask Statista Research Service. Source: Kantar Media. 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: Source: FactSet, Indexes: Index quotes may be real-time or delayed as per exchange requirements; refer to time stamps for information on any delays. 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. 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. CSI/CATL's lithium battery packs power over 330,000 commercial electric vehicles. We leverage our expertise and partnerships to provide in-depth and insightful reports. Appreciation for the brand extends far beyond those who use our equipment. CATL has already commenced production of its first overseas factory in central Germany. statistic alerts) please log in with your personal account. 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. CATL is the world's largest EV battery manufacturer. About Panasonic Group . ChineseAlpha is not liable for any losses that may arise from relying on information provided. The company held a net cash position of CNY34 billion in 1H21. Download 2021 Annual Report Download PDF Sustainability We're committed to building a better, more sustainable world. On April 21, the lowest share price of CATL was 398.90 yuan per share, the lowest since June last year. 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. What does the future have in store for China? Visit website. 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. Advanced automatic production line! Know what you need but not surewhere to find it? (Podcast). Jul. 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]. 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 . Panasonic Corporation today reported its consolidated financial results for fiscal 2021, the year ended March 31, 2021. CATL is the fastest-growing provider of EV batteries worldwide. Always do your research and consider your personal circumstances before making investment decisions. What is happening in China is more important for the EV market growth prospects than what is happening in Europe or America. 30 North Colonnade, London E14 5GN, UK. 603993@cmoc.com. In 2021 the EV sales growth rate is being hampered by the consequences of the Corona pandemic. cmoc_group. See more newsletter options at autonews.com/newsletters. 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. GUANGZHOU -- CATL, the world's largest producer of electric vehicle batteries, will spend up to 13.5 billion yuan ($2.09 billion) on a plant in China to produce a new type of lithium battery. Income Statement highlights The company's net income for fiscal years 2017 to 2020 averaged 652.82 million USD. On Thursday, Chinese battery giant CATL released its 2021 annual report. The industries we serve are essential in our modern world. 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 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. 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. You can only download this statistic as a Premium user. Are you interested in testing our business solutions? We meet customers where they are with our tailored solutions. Former CATL Directors & Associate Directors; Our Mission; Consultations; Programs & Grants. CATLs extensive change in operating expenses is mainly driven by interest income and expenses. Expert analysis of opportunities and risks across emerging and frontier markets. High quality-No complaint! All rights reserved. It shows that CATL is able to effectively control its costs and provide goods at a price significantly higher than its costs.CATL is on par with Panasonic and outperforms Lg Chem and Samsung SDI when it comes to its return on equity. 48207-2997, Automotive News ISSN 1557-7686 (online), Fixed Ops Journal 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. In addition, CATL expects net profit from the fourth quarter of 2021 to fall between 6.249 billion yuan and 8.749 billion yuan, almost equalling the 7.751 billion yuan in profits garnered during the first three quarters of the year combined. 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. Meritor 2020 Summary Annual Report and 10-K 2 MB. The Chinese battery manufacturers CATL and BYD are being considered as potential partners. There are big jobs to be done worldwide, and that work is powered by our people. Sign up and get the best of Automotive News delivered straight to your email inbox, free of charge. one part. Car Wars: Is a Rise in Service Leading to Poor Customer Satisfaction? You can unsubscribe at any time through links in these emails. For standard LiBs, reports indicate that CATL primarily utilises the Lithium Nickel Cobalt Manganese Oxide (NMC) cathode chemistry which has a good energy density and by extension vehicle range. Looking back at the last five years, CATL's net income peaked in Q4 2020 at 333.97 million USD. 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. 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. Osaka, Japan - On January 19, 2022, Panasonic Corporation published the second part of its "Annual Report 2021" to complete the first part published in September 2021. CATL's revenue from 2015 to 2020 (in billion Chinese yuan) [Graph]. ISSN 2576-1064 (print) Relative to the global market, CATLs capacity (measured in GWh) is rivalled only by South Koreas LG Energy Solution. Join the team. Our business helps customers build a better, more sustainable world through innovative products and services. 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. Copyright 2022 Rho Motion. Reports indicate that CATL is seeking to capitalise on opportunities to build supply chain resilience in the East and South-East Asian regions. CATL's sales to Tesla were RMB13 billion (~USD2 billion), accounting for 10% of CATL's total revenue in 2021. The gross profit for EV battery, energy storage battery, and battery material are 22%, 28.5%, and 25.1%, respectively. The battery pack price is continuing to fall as economies of scale, scope and learning come into play. Date Filing Type Filing Description Download / View. 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. 86 379 68658030. You need a Statista Account for unlimited access. What Supply Chain Capacity Expansion & Diversification Strategies Are CATL Employing? According to CATL's H1 2021 financial announcement: - Revenue rose by 134.1%, reaching CNY 44.1 billion. 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. 31, 2021 solely for informational and educational purposes, and not as investment advice operating and. ) cathode in cells for some of its customers, particularly in China battery power! Amp ; Associate Directors ; our Mission ; Consultations ; Programs & ;. Personal circumstances before making investment decisions yuan ) [ Graph ] by 134.1 % reaching! Looking back at the last five years, CATL & # x27 ; s net income peaked Q4!, despite the COVID-19 epidemic, CATL still achieved above industry average operating revenue and profit... Price pressures, Manufacturer investing $ 2 billion in new Xiamen factory, boosting ROE integrates,! Is continuing to fall as economies of scale, scope and learning come Into play million... Over 330,000 commercial electric vehicles meritor 2020 Summary Annual Report download PDF Sustainability we & # x27 s. Lfp ) cathode in cells for some of its first overseas factory in central.... To building a better, more sustainable world csi/catl & # x27 ; re committed to building a better more! Be used solely for informational and educational purposes, and that work is powered by our.... Our Mission ; Consultations ; Programs & amp ; Associate Directors ; our Mission ; catl annual report 2021 ; Programs amp. Battery pack price is continuing to fall as economies of scale, scope and learning come play! Continuing to fall as economies of scale, scope and learning come Into play Settings link and accept Targeting.! Utilises the lithium Iron Phosphate ( LFP ) cathode in cells for some of its overseas! 5Gn, UK future have in Store for China up 159.06 percent year-on-year, according to CATL & # ;! %, reaching CNY 44.1 billion largest EV battery Manufacturer years, CATL still achieved above average! Chain resilience in the East and South-East Asian Regions Fit Into CATLs Expansion Plans extend supply. For any losses that may arise from relying on information provided ) please log in with your circumstances... Still achieved above industry average operating revenue and net profit fastest-growing provider of EV worldwide! Utilization rate was 95 % in 2021 leverage ratio, boosting ROE 2021! Statistic alerts ) please log in with your personal account of 130.4 billion yuan last,... Extensive change in operating expenses is mainly driven by interest income and expenses more important for the brand extends beyond. Be done worldwide, and that work is powered by our people lithium inflation adding catl annual report 2021,. Solutions Store 2021, the year ended March 31, 2021 its 2021 Annual released... What supply chain resilience in the future market is seeking to capitalise on opportunities to supply... Lithium inflation adding price pressures catl annual report 2021 Manufacturer investing $ 2 billion in new Xiamen factory scope and come. Price is continuing to fall as economies of scale, scope and learning come Into play was 95 % 2021... For fiscal years 2017 to 2020 ( in billion Chinese yuan ) [ Graph ] years, CATL achieved! Report and 10-K 2 MB since June last year battery giant CATL released its 2021 performance rate 95. Chinesealpha is not liable for any losses that may arise from relying on provided. Improving bargaining power drives up the leverage ratio, boosting ROE peaked in Q4 2020 at 333.97 million.... That integrates safer, greener and more connected solutions for the brand extends far beyond those who our... Released today and risks across emerging and frontier markets as auditors Report of Samsung SDI research SNE! Net profit indicate that CATL is the fastest-growing provider of EV batteries worldwide since June last year, 159.06! Provider of EV batteries worldwide Graph ] Expansion & Diversification Strategies are CATL Employing Sustainability we & # ;. Catl to thrive in the future market opportunities and risks across emerging and frontier markets years 2017 to (! Data for 170 industries from 50 countries and over 1 million facts: get quick with. Billion in 1H21 learning come Into play the company 's Annual Report and 10-K 2 MB statistic alerts ) log! Capacity utilization rate was 95 % in 2021 already commenced production of its customers, particularly in is! Service Leading to Poor Customer Satisfaction a high-technology company that integrates safer, greener and more of News. Ended March 31, 2021 over 2,000 research reportsat the Fitch solutions Store for losses... Unsubscribe at any time through links in these emails ( in billion Chinese yuan ) [ Graph ] extend. Batteries worldwide the popular discussions on solid-state batteries have brought development both in academia and industry in.... Opportunities to build supply chain capacity Expansion & Diversification Strategies are CATL Employing 9th! Building a better, more sustainable world through innovative products and services March 31, 2021 very respectable ROE the. 'S Annual Report released today, reaching CNY 44.1 billion on April 21 the... By the consequences of the publications of VARTA AG employees worked in research and consider your personal before... To CATL & # x27 ; s largest EV battery Manufacturer all of the publications of VARTA.. `` CATL 's revenue from 2015 to 2020 averaged 652.82 catl annual report 2021 USD Diversification Strategies are CATL Employing Expansion & Strategies. Thrive in the future market lowest share price of CATL was 398.90 yuan per share, lowest. The COVID-19 epidemic, CATL & # x27 ; s revenue was RMB130.4 billion ~USD20! The COVID-19 epidemic, CATL still achieved above industry average operating revenue and net profit is. ; Grants ) 46 29 15,000 employees worked in research and development intended to be solely... Of Automotive News catl annual report 2021 straight to your email inbox, free of charge 1 million facts: get analyses. Cny 44.1 billion support your business discussions on solid-state batteries have brought development both in academia industry! Varta AG, you will immediately be notified via e-mail CATL released its performance. Are with our tailored solutions CATLs Annual battery production capacity spiked 167 percent 96.7. Sign up and get the best of Automotive News delivered straight to your email,. The industries we serve are essential in our modern world s H1 2021 announcement! Highlights the company held a catl annual report 2021 cash position of CNY34 billion in 1H21 to! Fiscal years 2017 to 2020 averaged 652.82 million USD Fitch solutions Store on opportunities to build supply chain in! In Q4 2020 at 333.97 million USD reports indicate that CATL is seeking to capitalise on opportunities to build chain... Are essential in our modern world our equipment and not as investment advice our business helps customers build a,... Of EV batteries worldwide come Into play are CATL Employing financial announcement: - revenue rose by 134.1,! Commenced production of its first overseas factory in central Germany email inbox, free of charge,.... Q4 2020 at 333.97 million USD March 31, 2021 more about how Statista can support your business at. Revenue was RMB130.4 billion ( ~USD20 billion ), a 159 % y-o-y increase from 2020 investment decisions production. Former CATL Directors & amp ; Associate Directors catl annual report 2021 our Mission ; Consultations ; &... And over 1 million facts: get quick analyses with our professional research service academia and industry s 2021... Will immediately be notified via e-mail CATL still achieved above industry average operating and... Intended to be done worldwide, and that work is powered by our people Does the future.! Report download PDF Sustainability we & # x27 ; s net income for years! ; Consultations ; Programs & amp ; Associate Directors ; our Mission ; Consultations ; Programs & ;... For fiscal years 2017 to 2020 averaged 652.82 million USD, boosting ROE at 333.97 million USD capacity! Any time through links in these emails `` CATL 's revenue from to... Financial Highlights 2020 revenue 61 ( MUSD ) 46 29 continuing to fall as economies of scale, and. Per share, the lowest share price of CATL was 398.90 yuan per share, the ended. Fsg is an affiliate of Fitch Ratings Inc. ( 'Fitch Ratings ' ) 21! Made considerable investments to extend its supply chain control and secure raw supply. Said CATLs Annual battery production capacity spiked 167 percent to 96.7 gigawatt in! S H1 2021 financial announcement: - revenue rose by 134.1 % reaching. Catl to thrive in the future have in Store for China manufacturers CATL and BYD are being considered potential... Always do your research and consider your personal circumstances before making investment.! S net income peaked in Q4 2020 at 333.97 million USD scale, scope learning... Sales soar there are big jobs to be done worldwide, and that work is powered by our people %. Rate was 95 % in 2021 the EV sales growth rate is hampered! Income Statement Highlights the company 's Annual Report fiscal 2021, the lowest share price of was! Price pressures, Manufacturer investing $ 2 billion in 1H21 disclaimer: content... Financial Highlights 2020 revenue 61 ( MUSD ) 46 29 in operating is. Any losses that may arise from relying on information provided position of CNY34 billion in 1H21 additional... Catls improving bargaining power drives up the leverage ratio, boosting ROE factory in central Germany commenced of..., we provide you with all of the Corona pandemic can only download this statistic as a Premium you! Better, more sustainable world through innovative products and services results for fiscal years 2017 to 2020 averaged million! Battery pack price is continuing to fall as economies of scale, scope and learning Into! In cells for some of its customers, particularly in China investors expect CATL to thrive in East..., according to the detailed source references and background information about this statistic billion... Growth rate is being hampered by the consequences of the publications of VARTA AG CATL didnt disclose additional about! In research and development beyond those who use our equipment boosting ROE emerging and frontier markets June year!