catl annual report 2021 catl annual report 2021
All rights reserved. Our expert analysts and guest speakers discuss short- and long-term political and geopolitical risk. Annual Report. Battey-grade nickel (class 1 nickel) is relatively rare to find in nature and it is still very difficult and costly to produce it from lower-grade nickel. 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. Contemporary Amperex Technology Co. Ltd., the world's biggest maker of electric-vehicle batteries, reported better-than-expected full-year profit and announced plans to spend 13 . Political tension could worsen between China and the Western world, Although Biden is in the White House now as the President of the United States of America, the relationship between the two superpowers remains delicate and new American sanctions have the potential to seriously hurt multinational companies such as CATL. Sources: FactSet, Tullett Prebon, Commodities & Futures: Futures prices are delayed at least 10 minutes as per exchange requirements. 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. 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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. 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. Source: Kantar Media. Annual report 2020. Enterprises and customers such as Fluence form or deepen strategic partnerships. While it might seem that we are not confronted with the metaverse Auto-generated video transcript: Carol Massar and Tim Stenovec host a look back at the best interviews, discussions and more. (2021). In August 2021, reports emerged that CATL is considering acquiring a minority stake in the Chinese miner. In, Website (Gasgoo China Automotive News). 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. Visit and get more detail information. articles a month for anyone to read, even non-subscribers! 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 primary strategy appears to be to build capacity and resilience in their local market by expanding those regionalised supply chains. China will commit $440 billion to nuclear energyThe country will build 150 nuclear plants in the next 15 years, and aims to be Senior Equity Analyst (center), Senior Equity Analyst (left), Founding Member(right). 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. The first phase, which has now started, is said to have a capacity of 60 GWh per year. Check out these reports. In 2020, CATL's Lithium-ion battery sales totaled 46.84GWh, up 14.36% Y-o-Y. CATLs cash flow can cover capex; cash on hand continues rising[32]. Based in Gillingham, England. Furthermore, CATL said its basic earnings per share in H1 2022 was 3.5233 yuan, a jump over the 1.9416 yuan for H1 2021. 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 . We expect CATL to continue to invest in production sites and integrating elements of the local supply chains in Europe. 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. With an increasing number of players working in this field and some milestones being achieved, the solid-state battery market is expected to grow to $8 billion by 2031[17]. 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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. In the long term, CATL is likely to profit from the partnership with Tesla and gain ground in the dew draw with major competitors South Korean LGChem and Japanese Panasonic. Nickel prices have rallied over the past year and competition over secure, long-term supply becomes increasingly fierce. Read corporate press releases and news announcements distributed by Caterpillar Inc. Our leaders are committed to supporting customers and driving profitable growth. CATL has strong liquidity. CATL is strengthening its market position by becoming a supplier of lithium iron phosphate batteries for TESLA. Learn more about how Statista can support your business. An all-time low of oil prices is on the horizon. Panasonic positions its Annual Report as an integrated report covering . 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. 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. 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. This slowdown has been caused by the halt in production due to the Corona Virus outbreak and scalability limitations due to raw material bottlenecks. 2020. 1 in terms of market share of drive batteries for automobiles, with a 52% share of the market in China and 33% globally. Current Chinese and EU politics impact the EV markets. 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. 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 % 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. 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). Click here to submit a Letter to the Editor, and we may publish it in print. We expect worldwide EV sales to fall between 4 million and 4.3 million cars for this year. In 2020, CATLs Lithium-ion battery sales totaled 46.84GWh, up 14.36% Y-o-Y. CATL has taken the steps to adjust to European policies and from 2022, lithium-ion batteries set for the European market are to be manufactured at the 23-hectare site of the insolvent photovoltaics manufacturer Solarworld. Chinese government subsidies for the new energy vehicle (NEV) market are currently at 12 billion USD and CATL benefits from an aggressive policy where the Chinese government acquires lithium, nickel and rare earths and provides them to local battery manufacturers, securing CATL a consistent and cheap raw material supply[34], [35]. 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The EU is looking to invest hundreds of millions of Euros in research, whilst financial support for establishing manufacturing plants is also on the table. CATL is the world's largest EV battery manufacturer. Furthermore, CATL has no net debt. Car Wars: Is a Rise in Service Leading to Poor Customer Satisfaction? 11,30% is a very respectable ROE for the industry. This report was approved on July 23, 2021. Tesla will be manufacturing battery cells along with electric vehicles at its planned German factory in Grnheide near Berlin. The. Details of Directors, Executive, Controlling Person, Person in charge of Finance and Accounting, Head of Controller and Company Secretary . This represents an increase of almost 11 percent compared with the previous year. 86 379 68658030. FSG is an affiliate of Fitch Ratings Inc. ('Fitch Ratings'). The new plant would have an annual battery capacity of 40 GWh and could power about 400,000 long-range electric vehicles (EVs), the report said. CATL has secured a spot in Teslas supply chain and is the first to provide the electric vehicle market leader with LFP (lithium iron phosphate battery) packs. The total investment of the project will not exceed 13 billion yuan. With a planned 70GWh capacity, the site will be the largest in Europe. Shareholders' Meeting. Browse over 2,000 research reportsat the Fitch Solutions Store. Our data is gathered from Capital IQ, DataYes, and trusted news sources. It is understood that CATL has launched in-depth cooperation with Tesla, Hyundai, Ford, Mercedes-Benz, Great Wall, Ideal, Weilai and other car companies in terms of power batteries. 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. 2020. 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 . Worldwide electric car sales topped 2.3 million sales in 2019 (2.7% of 85 million cars sold) and 3.3 million in 2020 (4.7% of 70 million cars sold [1], [2]. Stock and Corporate . It is a buy. 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. Electric vehicle sales are expected to follow an S-curve growth trend. Looking back at the last five years, CATL's net income peaked in Q4 2020 at 333.97 million USD. The CATL gigafactory will have a production capacity of 24 GWh and will create 2000 jobs by 2024[28]. Read & discuss the latest China news, their effects on stock prices, and get in touch with other investors in the ChineseAlpha community by joining our group on Telegram. Source: FactSet. 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. Annual Report 2021 (short HTML version) Explore the interactive version of the annual report . Delphi Automotive PLC is a high-technology company that integrates safer, greener and more connected solutions for the automotive sector. OEM&ODM custom services! 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. Meritor 2019 Summary Annual Report and 10-K 4.3 MB. Sources: FactSet, Tullett Prebon, Currencies: Currency quotes are updated in real-time. The net profit rose by 185% y-o-y to RMB15.9 billion (~USD2.45 billion). 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. View SEDAR filings. 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In Indonesia, CATL is planning to invest over USD5.0bn in the exploration of lithium and nickel projects. Notification filed by National Security Exchange to report the removal from listing and registration of matured, redeemed or retired securities Initial . Meritor 2017 Summary Annual Report and 10-K 4.2 MB. Were committed to building a better, more sustainable world. As soon as this statistic is updated, you will immediately be notified via e-mail. 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. Sources: FactSet, Dow Jones, ETF Movers: Includes ETFs & ETNs with volume of at least 50,000. Discover how we canmeet your requirements. Apple has made building manufacturing facilities in the United States a condition for potential battery suppliers. 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