catl annual report 2021
Thank you. Currently, you are using a shared account. 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. 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. A Market Level Approach to Understanding the Potential for Sustainable Evolution. FSG is solely responsible for the content of this report, without any input from Fitch Ratings. Former CATL Directors & Associate Directors; Our Mission; Consultations; Programs & Grants. Detroit, Michigan Chinese firm says lithium inflation adding price pressures, Manufacturer investing $2 billion in new Xiamen factory. Read corporate press releases and news announcements distributed by Caterpillar Inc. Our leaders are committed to supporting customers and driving profitable growth. 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. On Thursday, Chinese battery giant CATL released its 2021 annual report. As a result, we expect annual capex of CNY20 billion-45 billion in 2021-2024. In 2020, CATL's Lithium-ion battery sales totaled 46.84GWh, up 14.36% Y-o-Y. About Panasonic Group . [Online]. 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. Website (Gasgoo China Automotive News). 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]. Why Chinese tech Giants are embracing the Metaverse despite state media warnings. Your download link will be emailed to you shortly. Sources: FactSet, Dow Jones, ETF Movers: Includes ETFs & ETNs with volume of at least 50,000. 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. Operating margin measures the percentage of revenue a company keeps as operating profit. 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. The net profit rose by 185% y-o-y to RMB15.9 billion (~USD2.45 billion). CATL has a very high P/E ratio compared to its direct competitors. Its operating cash flow has been significantly higher than net profit since 2018. The companys net income for fiscal years 2017 to 2020 averaged 652.82 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. February 15, 2023. The primary strategy appears to be to build capacity and resilience in their local market by expanding those regionalised supply chains. What EV Battery Chemistries Does CATL Utilise? That sounds like all the Chinese tech Giants are going Key Points As soon as this statistic is updated, you will immediately be notified via e-mail. 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. 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. The upstart's November 2021 public listing was the sixth-largest in U.S. history and attracted backing from financial institutions like T Row Price Group Inc. in addition to Amazon.com Inc. 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. 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]. 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. In the last years, CATLs cash flow has fully covered capex. Meet some of our key peopleand explore our credentials. 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. In 2020, despite the COVID-19 epidemic, CATL still achieved above industry average operating revenue and net profit. 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. Construction, mining, energy and rail. Annual Reports and Form 56-1. Who We Are What We Do Sustainability Corporate Governance . This slowdown has been caused by the halt in production due to the Corona Virus outbreak and scalability limitations due to raw material bottlenecks. Sources: FactSet, Tullett Prebon, Commodities & Futures: Futures prices are delayed at least 10 minutes as per exchange requirements. ISSN 2576-1064 (print) Have an opinion about this story? Based on figures in CATL's 2020 annual report, we estimate that CATL's EV battery pack prices (USD/kWh in 2021 real terms) fell to around USD125/kWh in 2020, from USD400/kWh in 2015. 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. Find a list of Frequently Asked Questions (FAQs) about Caterpillar and our brands. Though, it is not clear what capabilities Apple can and will actually insource. 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. CATL's revenue was RMB130.4 billion (~USD20 billion), a 159% y-o-y increase from 2020. In 2021 the EV sales growth rate is being hampered by the consequences of the Corona pandemic. Haig Partners: How are dealerships being valued today? 2022 ChineseAlpha.com - All rights reserved. CATL's sales to Tesla were RMB13 billion (~USD2 billion), accounting for 10% of CATL's total revenue in 2021. Fundamental company data and analyst estimates provided by FactSet. 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. 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. International stock quotes are delayed as per exchange requirements. You need a Statista Account for unlimited access. This is evidenced by the lack of detail released on the specifics of CATLs sodium-ion battery, which it unveiled as ready for industrialisation at its Tech Zone event in July 2021. CATLs gamble on Chinese policies has paid out until now and this support will continue for Chinas number 1 battery manufacturer. The company held a net cash position of CNY34 billion in 1H21. Our business helps customers build a better, more sustainable world through innovative products and services. Fitch Solutions / Autos / China / Fri 12 Nov, 2021. 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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Data may be intentionally delayed pursuant to supplier requirements. Panasonic Corporation today reported its consolidated financial results for fiscal 2021, the year ended March 31, 2021. 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. 2019. 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. Stock and Corporate . 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 year ended March 31, 2021 this story, it is not What... Fri 12 Nov, 2021 emailed to you shortly compared to its direct competitors & Futures Futures! 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