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. Annual Reports Meritor 2021 Summary Annual Report and 10-K 5.3 MB. China is the biggest market for electric vehicles worldwide and the high demand for electric vehicles in the local Chinese market combined with the international demand for CATL battery cells benefits the firms growth. ISSN 2576-1064 (print) 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. Headquartered in Gillingham, U.K., Delphi operates technical centers, manufacturing sites and customer support services in 44 countries. Use Ask Statista Research Service. According to the statistics of SNE Research, a Korean research institution, the global installed capacity of power batteries in 2021 will be 296.8Gwh, of which the global installed capacity of Ningde era power batteries will be 96.7GWh, ranking first among all battery companies. Finding a cost-effective and efficient solid-state battery for electric vehicles could prove equivalent to finding the golden fleece in Greek mythology. (2021). Why? "Catl's Revenue from 2015 to 2020 (in Billion Chinese Yuan). Provides financial information as auditors report of Samsung SDI. 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. 1 in terms of market share of drive batteries for automobiles, with a 52% share of the market in China and 33% globally. 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. Will solid-state batteries disrupt the battery industry? 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. Our latest articles and views onindustries, regions, and topics. We leverage our expertise and partnerships to provide in-depth and insightful reports. Its unrestricted cash and cash equivalents to short-term borrowings have a ratio of 8 to 1. Annual report 2020. Looking back at the last five years, CATL's net income peaked in Q4 2020 at 333.97 million USD. Our teams are dedicated to connecting you with what you need, quickly, efficiently, and professionally. Date Filing Type Filing Description Download / View. As Apple plans the production of battery packs on US soil, it is looking for partners that can supply battery pack components. The company has great future potential as worldwide battery demand is increasing at an exponential rate and it is well-positioned within the supply chain network of major global car manufacturers. 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. All rights reserved. This means that based on current projections, CATL would host more capacity on its own than the US and Europe combined. Click here for "Analysis Report: Lithium-Ion Battery (Chinese Market) -In 2021, CATL was No. FactSet (a) does not make any express or implied warranties of any kind regarding the data, including, without limitation, any warranty of merchantability or fitness for a particular purpose or use; and (b) shall not be liable for any errors, incompleteness, interruption or delay, action taken in reliance on any data, or for any damages resulting therefrom. CATL Annual Report, 2020-2021; CATL Annual Report, 2019-2020; CATL Annual Report, 2018-2019; CATL Annual Report, 2017-2018; CATL Annual Report, 2016-2017; Center for the Advancement of Teaching & Learning; About Us. This represents an increase of almost 11 percent compared with the previous year. 22.6% . During the reporting period, the company's overseas order delivery scale increased rapidly and its overseas business gradually matured, CATL said. Market research suggests that around 30% of global passenger vehicle sales will be electric vehicles by 2030. [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. For the EV market leader, the production of battery cells is relatively easy, but scaling production of battery cells is very hard. Jul. Always do your research and consider your personal circumstances before making investment decisions. 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 . 2018. 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. Overall, CATL has a very strong story for the next 3 5 years and buying a major battery manufacturer is a great play if the electric vehicle market growth continues on the foreseeable trajectory. 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. 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. Annual Reports. On the evening of April 21, the 2021 financial report released by CATL showed that during the reporting period, the company's operating income was about 130.356 billion yuan, a year-on-year increase of 159.06%; the net profit attributable to shareholders of the listed company was about 15.931 billion yuan, a year-on-year increase of 185.34%. One Chinese yuan was approximately equal to 0.141157 U.S. dollars on April 22, 2020. 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. CATL's revenue was RMB130.4 billion (~USD20 billion), a 159% y-o-y increase from 2020. 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. What Is CATLs Existing Capacity Outlook? The net profit rose by 185% y-o-y to RMB15.9 billion (~USD2.45 billion). 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. Have an opinion about this story? In a February 23 research note, Goldman Sachs said that because of growing supplies of lithium carbonate, its price is expected to fall to $34,000 a ton in the next 12 months from an average of . Get to know the business behind theproducts. He has been reporting since 2009, mainly on macroeconomics and capital markets. CATLs cash flow can cover capex; cash on hand continues rising[32]. The firm's net profit was 15.931 billion yuan, a year-on-year increase of 185.34%. New strategic partnerships are in the CATLs pipeline. Supply chain bottlenecks in Nickel and Cobalt have already made it increasingly difficult to hold up with demand. The CATL gigafactory will have a production capacity of 24 GWh and will create 2000 jobs by 2024[28]. Visit and get more detail information. Enclosure: Annual Report 2021 (Form 56-1 One Report) Documents. Fitch Solutions Group Limited All rights reserved. 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. 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]. 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. Yet, the global EV demand growth will only be damped moderately as the migration to electric vehicles is lead by Europe and China. Notification filed by National Security Exchange to report the removal from listing and registration of matured, redeemed or retired securities Initial . CATLs revenue was RMB130.4 billion (~USD20 billion), a 159% y-o-y increase from 2020. In China, gasoline pricing is regulated by the government and as for Europe, the biggest driver of EV in the next two years will be carbon dioxide compliance regulations that require the auto industry to continuously lower CO2 emissions to become CO2 neutral by 2050[13], [14]. Download 2021 Annual Report Download PDF Sustainability We're committed to building a better, more sustainable world. However, while. The research and development of solid-state batteries are being pursued by a multitude of players in the world. 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. What Supply Chain Capacity Expansion & Diversification Strategies Are CATL Employing? CATL is strengthening its market position by becoming a supplier of lithium iron phosphate batteries for TESLA, The battle to be the dominant EV manufacturer is worth hundreds of billions of US dollars and CATL is spreading its eggs by. Meritor 2017 Summary Annual Report and 10-K 4.2 MB. 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. Statista. 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. 2022 ChineseAlpha.com - All rights reserved. News Corp is a global, diversified media and information services company focused on creating and distributing authoritative and engaging content and other products and services. 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. 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. 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. 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