Financial Information. 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 . EBITDA development 1 (MUSD)-4-13 2018. Choose your news we will deliver. The headquarters are located in Ningde in Fujian Province. 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]. Phate is the founder and main author of CnEVPost. 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. CATL has already commenced production of its first overseas factory in central Germany. 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. 2019. CSI/CATL's lithium battery packs power over 330,000 commercial electric vehicles. Relative to the global market, CATLs capacity (measured in GWh) is rivalled only by South Koreas LG Energy Solution. Experienced AnalystsThe team has high-level experience working for blue-chip institutions like J.P. Morgan and Citibank and has industry knowledge from consulting firms like Accenture, Deloitte, or Roland Berger. It remains to be seen what the Tesla CATL partnership will mean for the global battery market. ISSN 2576-1064 (print) 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. Year 2021 Semi Annual - Annual Download: Year 2020 Semi Annual - Annual Download: Year 2019 Semi Annual - Annual Download: Year 2018 Semi Annual - Annual . Tesla will be manufacturing battery cells along with electric vehicles at its planned German factory in Grnheide near Berlin. 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. Supply chain bottlenecks in Nickel and Cobalt have already made it increasingly difficult to hold up with demand. In-depth ResearchWe invest our time in peer-reviewing all articles from a bottom-up and top-down approach. Romaine Bostick breaks down the day's top stories and trading action leading into the close. 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. Fitch Solutions Group Limited All rights reserved. A paid subscription is required for full access. This report was approved on July 23, 2021. 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. In total, we have over 20 sources to cross-verify. Get full access to all features within our Business Solutions. Current Chinese and EU politics impact the EV markets. 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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 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]. 11,30% is a very respectable ROE for the industry. With a planned 70GWh capacity, the site will be the largest in Europe. One can expect that the number of electric vehicles that are sold per year increases exponentially until 2028. This cooperation with Apple offers great potential for CATL to secure future growth and integrate themselves long term within the US market[11]. Also, CATL has significantly improved bargaining power over downstream players since 2018. Thank you for registering. In the past years the concept of the metaverse has become increasingly prevalent. 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. Sources: FactSet, Dow Jones, ETF Movers: Includes ETFs & ETNs with volume of at least 50,000. The 2018 figure was published here and the 2019 was published here. Furthermore, CATL has no net debt. Fiscal year is January-December. 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. Source: FactSet. 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. In addition, there are further branches in Shanghai, Jiangsu, Qinghai, Foshan, as well as overseas branches in Munich, Paris, the USA and Japan[7]. 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. 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. Advanced automatic production line! You need a Statista Account for unlimited access. 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%. Are you interested in testing our business solutions? Heres what you need to know. CATL's revenue from 2015 to 2020 (in billion Chinese yuan) [Graph]. Download 2021 Annual Report Download PDF Sustainability We're committed to building a better, more sustainable world. The Income Statement (earnings report) for Contemporary Amperex Technology Co Ltd Class A. The popular discussions on solid-state batteries have brought development both in academia and industry. [5] Caterpillar Reports Fourth-Quarter and Full-Year 2021 Results Fourth-quarter 2021 sales and revenues up 23%; full-year sales and revenues up 22% Fourth-quarter 2021 profit per share of $3.91; adjusted profit per share of $2.69 2021 profit per share of $11.83; adjusted profit per share of $10.81 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. Toyota has secured over 1000 patents involving solid-state batteries[19]. Website (Gasgoo China Automotive News). 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. The company has been established in December 2011 by founder Zeng Yuqun alias Robin Zeng. 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. 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: Paired with the current aftermath of production dropouts due to Covid19 in the last months, original equipment manufacturers are desperate to satisfy electric car demand and are willing to pay a premium to battery manufacturers, who can still deliver[9]. 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 . You need at least a Starter Account to use this feature. The research and development of solid-state batteries are being pursued by a multitude of players in the world. Highlights from a week-long virtual event bringing Bloomberg Businessweek magazine to life. 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. 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. 18, 2022 at 8:34 a.m. Statista. Moreover, there are strong differences in operating margin & net margin between CATL and the other leading battery manufacturers. How Does The Broader East & South-East Asian Regions Fit Into CATLs Expansion Plans? Date Filing Type Filing Description Download / View. And the capacity utilization rate was 95% in 2021. Tesla, Ford and VW have plans to manufacture their own batteries for electric vehicles. Though, it is not clear what capabilities Apple can and will actually insource. 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). 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. 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. Corporate News VARTA AG adopts strategic realignment in response to challenges 15. Keith Bradsher/The New York. Its operating income reached 130.356 billion yuan ($20.1 billion) in 2021, a year-on-year increase of 159.06%. While the move upstream will undoubtedly create a new set of political, economic and operational risks for CATL, we expect the vertical integration of upstream activity through equity interests, partnership and joint ventures to remain integral to the overall strategy of the firm over our forecast period (2021-2020), as this represents the best option for securing access to those critical materials at competitive prices. 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. The electric vehicle battery market is moderately fragmented. Its operating income reached 130.356 billion yuan ($20.1 billion) in 2021, a year-on-year increase of 159.06%. What EV Battery Chemistries Does CATL Utilise? 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. Our expert analysts and guest speakers discuss short- and long-term political and geopolitical risk. Then you can access your favorite statistics via the star in the header. A large part of CATL liabilities is represented by funds of upstream and downstream players; its actual interest-bearing debt ratio is low, and the leverage ratio is high[30]. 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. The market share of CATL has increased significantly to 32.60% from 24.60% in 2020, enhancing its leading position in the market. The battery giant generated revenue of 50.32 billion yuan in 2020, up by 9.9 percent year on year. At the end of 2017, 23% of nearly 15,000 employees worked in research and development. Our 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. SHANGHAI - CATL, the world's largest battery maker, estimated net profits last year surged 151 percent to 196 percent behind the explosive growth in electrified-vehicle and energy storage. Caterpillar is committed to ensuring our workplace is diverse and representative of the many customers we serve around the globe. 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. Copyright 2022 Rho Motion. Provides financial information as auditors report of Samsung SDI. Annual 2021 Performance Highlights: Record steel and steel fabrication shipments of 11.2 million tons and 789,000 tons, respectively Record net sales of $18.4 billion Record operating income of. 2020-21 Annual Report The annual report contains information about the Programs and Services offered by the CATL team during 2020-2021, organized according to CATL's Objectives. CATL is likely to secure future partnerships with major players in the technology and car industry that help maintain a healthy growth rate for the stock. Visit website. Visit and get more detail information. 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. In 2020, despite the COVID-19 epidemic, CATL still achieved above industry average operating revenue and net profit. Outstanding Services, Customer-Focused Team. CATLs extensive change in operating expenses is mainly driven by interest income and expenses. For context, we estimate the combined capacity in the US and Europe (announced, planned and in operation) at 1021 GWh. 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. 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. Magna to purchase a commercial fleet of 15 vehicles which we will deliver in December 2022. 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. In China, policymakers were early to identify the auto market as a primary target for economic stimulus. Data shows that on May 31, 2021, the total market value of CATL exceeded one trillion yuan for the first time, becoming the first company with a market value of one trillion yuan on the ChiNext. Explore knowledge that cuts throughthe noise, with award-winning data,research, and tools. Also with regards to Tesla, there is a silver lining for CATL and other battery manufacturers. 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]. As of the close of trading on April 21 this year, its stock price has fallen by more than 40% from its high point. FSG is solely responsible for the content of this report, without any input from Fitch Ratings. In, Website (Gasgoo China Automotive News). Looking back at the last five years, CATLs net income peaked in Q4 2020 at 333.97 million USD. 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. ChineseAlpha is not liable for any losses that may arise from relying on information provided. 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. 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 totaled 5.58 billion yuan (about 861 million U.S. dollars) last year, a year-on-year rise of 22.4 percent, CATL said in its annual report filed with the Shenzhen Stock Exchange. 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. 9th Annual B2B Report Webinar Register Now 9th Annual B2B Report Webinar. That sounds like all the Chinese tech Giants are going Key Points Click here for Cat Financial SEC Filings. On April 21, the lowest share price of CATL was 398.90 yuan per share, the lowest since June last year. CATL's sales to Tesla were RMB13 billion (~USD2 billion), accounting for 10% of CATL's total revenue in 2021. He has been reporting since 2009, mainly on macroeconomics and capital markets. Apple has made building manufacturing facilities in the United States a condition for potential battery suppliers. Accessed March 01, 2023. https://www.statista.com/statistics/875511/revenue-of-catl/. Data may be intentionally delayed pursuant to supplier requirements. 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We use cookies and browser capability checks to help us deliver our online services, including to learn if you enabled Flash for video or ad blocking. (2021). The gigafactory will boast a capacity of 100 GWh[22]. Meritor 2019 Summary Annual Report and 10-K 4.3 MB. This indicates that CATL has had steady growth over the last years and this growth has remained steady throughout Q1 2021. Join the team. 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. By interest income and expenses of 50.32 billion yuan last year year up. By 9.9 percent year on year cuts throughthe noise, with award-winning data, research, and tools production! Trading action leading into the close five years, CATLs capacity ( measured GWh... 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