Financial Highlights 2020 Revenue 61 (MUSD) 46 29. Annual Reports Meritor 2021 Summary Annual Report and 10-K 5.3 MB. All rights reserved. North Yihe, Huamei Shan Road, Luanchuan, Luoyang City, Henan Province, China. To use individual functions (e.g., mark statistics as favourites, set It is worth noting that in 2021, the sales revenue of CATL power battery system will be 91.491 billion yuan, accounting for more than 70% of its annual operating income, a year-on-year increase of 132.06%, and it is the main revenue source of Ningde era. Check out these reports. The first phase, which has now started, is said to have a capacity of 60 GWh per year. During the reporting period, the company's overseas order delivery scale increased rapidly and its overseas business gradually matured, CATL said. Thank you for registering. Relative to the global market, CATLs capacity (measured in GWh) is rivalled only by South Koreas LG Energy Solution. Allstate: Compliance standards are changing. Website (Gasgoo China Automotive News). Source: FactSet, Indexes: Index quotes may be real-time or delayed as per exchange requirements; refer to time stamps for information on any delays. One Chinese yuan was approximately equal to 0.141157 U.S. dollars on April 22, 2020. You need a Statista Account for unlimited access. Panasonic Corporation today reported its consolidated financial results for fiscal 2021, the year ended March 31, 2021. 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. Annual Report. Electric vehicle sales are expected to follow an S-curve growth trend. 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 is bent on European expansion because it expects huge growth in the European electric vehicle market in response to the EUs tighter CO2 requirements for 2030. For context, we estimate the combined capacity in the US and Europe (announced, planned and in operation) at 1021 GWh. 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. Global outlook on electricity generation 2020-2050, by energy source, Biggest planned green hydrogen projects globally August 2021, Global pumped storage capacity 2021, by leading country, Cumulative global energy storage deployment 2013-2030. In addition, there are further branches in Shanghai, Jiangsu, Qinghai, Foshan, as well as overseas branches in Munich, Paris, the USA and Japan[7]. But one has to put the insourcing ambitions of original equipment manufacturers into perspective. 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. As a Premium user you get access to the detailed source references and background information about this statistic. 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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 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. About Panasonic Group . 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. Were committed to building a better, more sustainable world. This report from Fitch Solutions Country Risk & Industry Research is a product of Fitch Solutions Group Ltd, UK Company registration number 08789939 ('FSG'). The German automakers have deals with existing battery cell manufacturers LG, Samsung, and CATL in place[25] and in the next 10 years, VW alone plans to produce around 22 million electric vehicles between 70 new electric models, which translates to an annual capacity requirement in Europe excess of 150 GWh, with similar demands expected in Asia[26]. CATL , the world's largest electric vehicle (EV) battery manufacturer, reported a 23.6% drop in the first quarter profit on Friday, its first fall in two years, as it battles soaring raw material . The move towards LFP batteries will on the one hand decrease Teslas supply chain risk as LFP batteries do not require any bottleneck resources (nickel and cobalt) and on the other hand increase the number of Teslas sourcing channels overall. 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. 2020. Annual Reports and Form 56-1. Who We Are What We Do Sustainability Corporate Governance . 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. According to CATL's H1 2021 financial announcement: - Revenue rose by 134.1%, reaching CNY 44.1 billion. Adamas Intelligence reports that CATL's share in 2021 was 30.7% in the xEVs (BEVs, PHEVs, HEVs) passenger car segment. In China, policymakers were early to identify the auto market as a primary target for economic stimulus. The batteries for Nios leasing service will be supplied by a company established by Chinese battery makers including leader Contemporary Amperex Technology Co Ltd[12]. Any copying, republication or redistribution of Lipper content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of Lipper. As the biggest lithium-Ion battery producer in China, CATL is likely to fulfill a large part of Teslas new LFP battery demand, but not all. Romaine Bostick breaks down the day's top stories and trading action leading into the close. CATL. 10,000+ Employees. 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. 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. . FSG is an affiliate of Fitch Ratings Inc. ('Fitch Ratings'). 2022 ChineseAlpha.com - All rights reserved. Q3 2022 operating results consistent with company expectations; full-year total spending guidance at the low end of the $715 million to $790 million range. Click here for Cat Financial SEC Filings. Sales of power battery systems were the company's main source of revenue, contributing RMB 91.49 billion last year, up 132.06 percent year-on-year. The market share of CATL has increased significantly to 32.60% from 24.60% in 2020, enhancing its leading position in the market. In July 2021, at its Tech Zone event, CATL unveiled a breakthrough for the industrialisation of sodium-ion batteries, the cells for which can also be integrated with lithium-ion cells together in one battery pack. There are big jobs to be done worldwide, and that work is powered by our people. This report provides an in-depth analysis of the global fundus camera market, market size (US$ Million), and compound annual growth rate (CAGR%) for the forecast period (2022-2030), considering . The average price of CATLs electric vehicle battery pack fell to 30.7 USD/kWh in 2020, with a reduction of 8.6% year to year, 12,9% short of the 2019 year to year price decrease. Lipper shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon. 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CATLs battery pack prices continue to fall, albeit at a slower pace as in the preceding years. One can expect that the number of electric vehicles that are sold per year increases exponentially until 2028. 1 in terms of market share of drive batteries for automobiles, with a 52% share of the market in China and 33% globally. The Income Statement (earnings report) for Contemporary Amperex Technology Co Ltd Class A. ET by Barron's Autos NIO Stock Slumps After Short-Seller Questions Battery Sales. ", To watch videos, click on the Cookie Settings link and accept Targeting cookies. 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. 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. Danny Lee. Explore knowledge that cuts throughthe noise, with award-winning data,research, and tools. The firm's net profit was 15.931 billion yuan, a year-on-year increase of 185.34%. 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%. 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. Corporate Governance. Diversity & Inclusion Caterpillar is committed to ensuring our workplace is diverse and representative of the many customers we serve around the globe. 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). Given growing supply, Goldman Sachs sees spot prices of lithium carbonate, a precursor to the compound used in making lithium-ion batteries, sinking to $34,000 a tonne in the next 12 months, from . 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. Sources: FactSet, Dow Jones, Bonds: Bond quotes are updated in real-time. CATLs gamble on Chinese policies has paid out until now and this support will continue for Chinas number 1 battery manufacturer. Sources: FactSet, Tullett Prebon, Commodities & Futures: Futures prices are delayed at least 10 minutes as per exchange requirements. 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). - Net profit hit CNY 4.5 billion, representing a 131.5% growth. Sources: FactSet, Tullett Prebon, Currencies: Currency quotes are updated in real-time. Haig Partners: Dealership consolidation trends, Haig Partners: Dealership valuation trends, Haig Partners: Dealership succession planning, Ally: Navigating the future of automotive retailing, Google: How a century-old brand is transforming the auto industry. Source: FactSet, Markets Diary: Data on U.S. Overview page represent trading in all U.S. markets and updates until 8 p.m. See Closing Diaries table for 4 p.m. closing data. Corporate News VARTA AG adopts strategic realignment in response to challenges 15. 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