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. 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. An all-time low of oil prices is on the horizon. Cat hats, boots, shoes, bags, models, phones, watches and so much more. Annual report 2020. Your download link will be emailed to you shortly. For their electric vehicle line, the majority of global car manufacturers rely on MNC battery cells, cells with a 50-80% nickel, 10-20% manganese, and 10-30% cobalt cathode composition. Market research suggests that around 30% of global passenger vehicle sales will be electric vehicles by 2030. 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. 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. Net profit totaled 5.58 billion yuan ($861 million) last year, a year-on-year rise of 22.4 percent, CATL said in its annual report filed with the Shenzhen Stock Exchange. The company held a net cash position of CNY34 billion in 1H21. Resilient battery suppliers such as CATL, LG Chem and Yunnan Enjie will profit from these imminent shortages[10]. Its operating income reached 130.356 billion yuan ($20.1 billion) in 2021, a year-on-year increase of 159.06%. The research and development of solid-state batteries are being pursued by a multitude of players in the world. 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 full access to all features within our Business Solutions. 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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. A cooperation with Nio extends CATLs business operations downstream. 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. statistic alerts) please log in with your personal account. 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. On Thursday, Chinese battery giant CATL released its 2021 annual report. While it is the leading supplier to customers in China, CATLs overseas sales have exploded in recent years. Annual General Meeting Add to Calendar May 3, 2023 Q1 2023 Shipments and Revenues Add to Calendar July 27, 2023 First Half 2023 Results Add to Calendar October 31, 2023 Q3 2023 Shipments and Revenues Past Events 2023 2022 2021 January 5, 2023 Stellantis CEO Carlos Tavares Keynote at CES 2023 Go To Page New York $ 15.85 0.82 % In total, we have over 20 sources to cross-verify. 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. Copyright FactSet Research Systems Inc. All rights reserved. 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]. Key Points (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. Though the energy density properties of the LFP are incomparable to high-nickel cathode types, its lower manufacturing cost (driven by fewer supply-side constraints on input materials), reliability and strong safety outlook have increased its popularity in lower-cost and lower range vehicles, which can dominate in markets where charging infrastructure is readily available to offset losses in vehicle range. Headquartered in Gillingham, U.K., Delphi operates technical centers, manufacturing sites and customer support services in 44 countries. 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. CATL holds significant and long-term battery supply contracts with major auto OEMs, including BMW, Daimler, PSA and VW. Annual Reports. Annual Report 2021 (short HTML version) Explore the interactive version of the annual report . 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. In the past years the concept of the metaverse has become increasingly prevalent. The Fuding plant is CATL's largest single project to date. The first phase, which has now started, is said to have a capacity of 60 GWh per year. 48207-2997, Automotive News 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. 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Phate is the founder and main author of CnEVPost. Check out these reports. Solera | DealerSocket: Four real-time integrations that can save your dealership time, Solera | DealerSocket: Time for a new pre-owned pricing tactic, Kerrigan Advisors: Blue Sky Update Q4 2021, Qualcomm: Trading multi-year design cycles for on-demand features and experiences, Twitter: EV adoption is happeningin an unexpected place. [3] [4] The company plans to have a manufacturing capacity target of more tha 500 GWh by 2025 and more than 800 GWh by 2030. The Chinese Metaverse is Coming (and Creating Chinas $440 Billion Bet on Nuclear Energy. 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 industries we serve are essential in our modern world. We invest our time in peer-reviewing all articles from a bottom-up and top-down approach. Panasonic Holdings Corporation. Keith Bradsher/The New York. 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. Accessed March 01, 2023. https://www.statista.com/statistics/875511/revenue-of-catl/. Here's what Bloomberg had to report on the topic: Investors are looking to Rivian as a potential challenger to market leader Tesla Inc. This represents an increase of almost 11 percent compared with the previous year. 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. Choose your news we will deliver. Education OrientedOur Chinese stock analyses are tailored to educate our readers on business fundamentals, industry, financials, and macroeconomics, broken down into easy-to-understand and straightforward concepts.Trusted SourcesWe disclose our all sources as we are committed to full transparency. Website (Gasgoo China Automotive News). Overall, CATL has a very strong story for the next 3 5 years and buying a major battery manufacturer is a great play if the electric vehicle market growth continues on the foreseeable trajectory. Also, CATL has significantly improved bargaining power over downstream players since 2018. Chinese firm says lithium inflation adding price pressures, Manufacturer investing $2 billion in new Xiamen factory. Sign up and get the best of Automotive News delivered straight to your email inbox, free of charge. What Is CATLs Existing Capacity Outlook? "We remain committed to our strategy for long-term profitable growth, which is yielding strong results, and to living our Values in Action. According to Bloomberg, this number is going to increase to 58% by 2040[3], [4]. Statement of Changes in Beneficial Ownership. CATL released its 2021 annual report on the evening of 21stApril 2022. 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. CATLs net margin of 11,1% is excellent. 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. ISSN 1557-7686 (online), Fixed Ops Journal The popular discussions on solid-state batteries have brought development both in academia and industry. 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%. Annual Securities Report, etc. "CATL's revenue from 2015 to 2020 (in billion Chinese yuan)." 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. Heres what you need to know. CATL didnt disclose additional details about its 2021 performance. Annual Income Statement - WSJ DJIA Futures 34028 0.27% U.S. 10 Yr 23/32 Yield 3.742% Euro 1.0723 0.12% Subscribe Sign In Contemporary. Investors expect CATL to thrive in the future market. Why? Visit website. Meet some of our key peopleand explore our credentials. As a Premium user you get access to background information and details about the release of this statistic. 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]. 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. Download 2021 Annual Report Download PDF Sustainability We're committed to building a better, more sustainable world. The company added that its operating cost between January and June 2022 . 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. 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. 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. Moreover, the company reports a yield of just 51.7%, emphasizing the need to maintain a high capacity-to-sales ratio going forward. A paid subscription is required for full access. It is a buy. 603993@cmoc.com. Have an opinion about this story? Operating margin measures the percentage of revenue a company keeps as operating profit. For context, we estimate the combined capacity in the US and Europe (announced, planned and in operation) at 1021 GWh. 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. Delphi Automotive PLC is a high-technology company that integrates safer, greener and more connected solutions for the automotive sector. 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]. 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. Danny Lee. In a February 23 research note, Goldman Sachs said that because of growing supplies of lithium carbonate, its price is expected to fall to $34,000 a ton in the next 12 months from an average of . FSG is solely responsible for the content of this report, without any input from Fitch Ratings. Adamas Intelligence reports that CATL's share in 2021 was 30.7% in the xEVs (BEVs, PHEVs, HEVs) passenger car segment. The firm's net profit was 15.931 billion yuan, a year-on-year increase of 185.34%. cmoc_group. In addition, there are further branches in Shanghai, Jiangsu, Qinghai, Foshan, as well as overseas branches in Munich, Paris, the USA and Japan[7]. Sources: FactSet, Tullett Prebon, Currencies: Currency quotes are updated in real-time. However, while. 2022 ChineseAlpha.com - All rights reserved. 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. In Indonesia, CATL is planning to invest over USD5.0bn in the exploration of lithium and nickel projects. In August 2021, reports emerged that CATL is considering acquiring a minority stake in the Chinese miner Jinchuan Group International Resources Co. with a strategy to securing access to critical battery materials - the move would be aligned with the upstream vertical integration strategies of other battery cell manufacturers. CATL has historically controlled and is continuing to control the Chinese battery manufacturing market as it fulfills the lion share of the Chinese battery demand. Please do not hesitate to contact me. And the capacity utilization rate was 95% in 2021. November 2022 PDF (157.66 KB) International stock quotes are delayed as per exchange requirements. Visit and get more detail information. one part. 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. CATLs sales to Tesla were RMB13 billion (~USD2 billion), accounting for 10% of CATLs total revenue in 2021. 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. 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Sources: FactSet, Tullett Prebon, Commodities & Futures: Futures prices are delayed at least 10 minutes as per exchange requirements. Contact via: phate@cnevpost.com. 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. The Chinese tech group QingTao Energy Development has started the development of solid-state batteries this year and will spend a major share of its $153 million R&D budget on solid-state batteries and Japanese policymakers have put aside $19.2 billion to support the development of a mass-production infrastructure within Japan for new technology batteries. 25-NSE. Please select at least one newsletter to subscribe. Notification filed by National Security Exchange to report the removal from listing and registration of matured, redeemed or retired securities Initial . Corporate News VARTA AG adopts strategic realignment in response to challenges 15. Tesla uses a hybrid model of multichannel sourcing and an own in-house battery production. 22.6% . 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). 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. This cooperation with Apple offers great potential for CATL to secure future growth and integrate themselves long term within the US market[11]. You can unsubscribe at any time through links in these emails. Please create an employee account to be able to mark statistics as favorites. 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. , according to the company reports a yield of just 51.7 %, emphasizing the need to a! In recent years future market your email inbox, free of charge in countries... Battery giant CATL released its 2021 performance to maintain a high capacity-to-sales ratio going forward the first phase, has... By 2040 [ 3 ], [ 4 ] of CnEVPost the removal listing! Yuan last year, up 159.06 percent year-on-year, according to the 's... Please log in with your personal account compared with the previous year, boots,,. Are delayed at least 10 minutes as per exchange requirements Chinese battery giant CATL released its 2021.. Employee account to be able to mark statistics as favorites removal from and! 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