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. Meritor 2019 Summary Annual Report and 10-K 4.3 MB. ChineseAlpha is not liable for any losses that may arise from relying on information provided. 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. . CATLs battery pack prices continue to fall, albeit at a slower pace as in the preceding years. Haig: Buy-Sell Q&A: What is the value of an M&A advisor? November 2022 PDF (157.66 KB) UniCredit Raises CEO Orcels Target Pay by 30% After Strong Year, Tesla Factory Buzz Helps Drive Mexican Peso Near Five-Year High, Feds Bostic Urges 5% to 5.25% Rates Into 2024 to Curb Inflation, Mexico Could Consider Slowing Pace of Rate Hikes, Banxico Deputy Mejia Says, Fed Officials Lean Into Higher Rates as Inflation Keeps Going, Waymo Cuts Jobs as Parent Company Alphabet Focuses on AI, Amazon Ring CEO Steps Aside for Former Microsoft, Meta Executive, OpenAIMakes ChatGPTAvailable for Companies to Integratein Apps, Elliott Nominates Salesforce Directors Building Pressure to Boost Profit, Why Mexicos Protests Show Anxiety on AMLO and Democracy, Republicans Anti-ESG Bill on Track to Pass Senate and Prompt Biden Veto, Burry Sees 'Terrible Consequences' From Student Loan Forgiveness, Two Office Landlords Defaulting May Be Just the Beginning, This Starbucks VP Turned Caribbean Rum Distiller Is the Anti-Captain Morgan, Powerade Signs Ja Morant to Multiyear Deal to Be Its New Face, Bank CDs Are an Insult to Americas Savers, Poor Voters Are Losing Out in the Culture Wars, Gina Raimondo Becomes China Player in a Job Where Her Predecessor Used to Nap, Russian Airlines Are Flying High Despite Sanctions, The NFLsTop Talent Agency Bought by Venture Investors, Women in the EU Arent Set for Equal Pay Until 2086, Santander Failed to Make Progress With Gender Pay Gap in 2022, Gas Stoves Are One Step Closer to New Rules, England Sees Driest February in 30 Years as UK Rainfall Dwindles, Another Blow to City Centers: Retail Stores Move Outward, New York City Isnt Waiting for the White House to Enforce Fair Housing, Singapore Crypto Lender Hodlnaut's Founders Propose Selling Business Rather Than Liquidating Firm, Celsius Examiner Report Mentions FTX More Than 150 Times. The headquarters are located in Ningde in Fujian Province. Details: CATL expects to report a 2021 net profit attributable to shareholders of between RMB 14 billion and RMB 16 billion ($2.2 billion to $2.5 billion), an increase of up to 195.5% from RMB 5.6 billion a year earlier, according to a Thursday announcement (in Chinese). CATL recorded a revenue of CNY 130.4 billion (USD 20 billion), an increase of 159.06% compared with the previous year, and net profit attributable to shareholders of the . The figures for 2016 through 2017 were taken from this article released in June 2018. 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. Electric vehicle sales are expected to follow an S-curve growth trend. Net income for 2021 more than doubled to 15.93 billion yuan, the company said late Thursday, beating analyst estimates of 13.51 billion yuan. What does the future have in store for China? Highlights from a week-long virtual event bringing Bloomberg Businessweek magazine to life. CATL's revenue was RMB130.4 billion (~USD20 billion), a 159% y-o-y increase from 2020. 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. The 2018 figure was published here and the 2019 was published here. In 2020, CATL's revenue totaled around 50 billion Chinese yuan. Tesla, Ford and VW have plans to manufacture their own batteries for electric vehicles. 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. 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. 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 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. 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. Jul. ", 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. Our data is gathered from Capital IQ, DataYes, and trusted news sources. [5] Panasonic positions its Annual Report as an integrated report covering . Annual Securities Report, etc. 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. High quality-No complaint! Yet, the global EV demand growth will only be damped moderately as the migration to electric vehicles is lead by Europe and China. CATLs 2021 net profit will range from 14 billion yuan ($2.2 billion) to 16.5 billion yuan, the Shenzhen-listed company said this week. Will solid-state batteries disrupt the battery industry? It remains to be seen what the Tesla CATL partnership will mean for the global battery market. 30 North Colonnade, London E14 5GN, UK. 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 2020, CATL's Lithium-ion battery sales totaled 46.84GWh, up 14.36% Y-o-Y. 2019. That sounds like all the Chinese tech Giants are going Key Points Volkswagen has already started its own battery cell production for electric cars with a pilot line in 2019 and currently builds a 16 GWh battery cell factory with NorthVolt in Salzgitter[23], [24]. Subsequently, the stock price of Ningde era corrected. Visit and get more detail information. He has been reporting since 2009, mainly on macroeconomics and capital markets. 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%. Current Chinese and EU politics impact the EV markets. Click here to submit a Letter to the Editor, and we may publish it in print. 22.6% . Magna to purchase a commercial fleet of 15 vehicles which we will deliver in December 2022. Moreover, the company reports a yield of just 51.7%, emphasizing the need to maintain a high capacity-to-sales ratio going forward. Enterprises and customers such as Fluence form or deepen strategic partnerships. Year 2021 Semi Annual - Annual Download: Year 2020 Semi Annual - Annual Download: Year 2019 Semi Annual - Annual Download: Year 2018 Semi Annual - Annual . Fitch Solutions / Autos / China / Fri 12 Nov, 2021. The Chinese battery manufacturers CATL and BYD are being considered as potential partners. Access to this and all other statistics on 80,000 topics from, Show sources information Explore knowledge that cuts throughthe noise, with award-winning data,research, and tools. Resilient battery suppliers such as CATL, LG Chem and Yunnan Enjie will profit from these imminent shortages[10]. statistic alerts) please log in with your personal account. Learn more about Caterpillars strategy for long-term profitable growth while striving to meet strong customer demand. 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. Annual Report. [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. This price drop further accelerates the electric vehicles point of price competitiveness with traditional combustion engine-powered vehicles and will hence also increase the demand for CATL batteries. Over 26 months, the planned land area of the project is about 1,900 mu. CATLs improving bargaining power drives up the leverage ratio, boosting ROE. Visit website. Its operating income reached 130.356 billion yuan ($20.1 billion) in 2021, a year-on-year increase of 159.06%. 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. The best of the best: the portal for top lists & rankings: Strategy and business building for the data-driven economy: Industry-specific and extensively researched technical data (partially from exclusive partnerships). On Thursday, Chinese battery giant CATL released its 2021 annual report. One can expect that the number of electric vehicles that are sold per year increases exponentially until 2028. Furthermore, CATL has no net debt. 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]. 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. CATL, whose clients also include Volkswagen (VOWG_p.DE), General Motors (GM.N), BMW (BMWG.DE) and Daimler (DAIGn.DE) as well as Chinese. 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. cmoc_group. Meritor 2018 Summary Annual Report and 10-K 2.4 MB. It is a buy. Read corporate press releases and news announcements distributed by Caterpillar Inc. Our leaders are committed to supporting customers and driving profitable growth. Discover how we canmeet your requirements. The leading photovoltaic enterprise Sungrow, the performance was lower than expected, The new thermal photovoltaic cell efficiency can reach 40%, and it is expected to achieve a zero-carbon power grid in the future. "CATL's revenue from 2015 to 2020 (in billion Chinese yuan)." 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%. 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.