ET by Barron's Autos NIO Stock Slumps After Short-Seller Questions Battery Sales. 2018. With a planned 70GWh capacity, the site will be the largest in Europe. 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%. Please create an employee account to be able to mark statistics as favorites. [5] Specifics on cathode chemistry are not often readily available. Investors expect CATL to thrive in the future market. Understand Caterpillar at a glance through resources including our Caterpillar fact sheet, our corporate profile, and more. 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. 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. We leverage our expertise and partnerships to provide in-depth and insightful reports. We disclose our all sources as we are committed to full transparency. (2021). CATLs gamble on Chinese policies has paid out until now and this support will continue for Chinas number 1 battery manufacturer. 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 This report was approved on July 23, 2021. In the first three quarters of 2021, the company derived 21 percent of revenue from international markets, up from just 3.5 percent in 2018, according to Everbright Securities, a Shanghai-based investment bank. Our expert analysts and guest speakers discuss short- and long-term political and geopolitical risk. CATL has emerged as one of the biggest winners of the electric car boom, along with Tesla. 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. Visit and get more detail information. This high P/E ratio indicates that investors are willing to pay a higher share price today because of growth expectations in the future. You need a Statista Account for unlimited access. The gross profit for EV battery, energy storage battery, and battery material are 22%, 28.5%, and 25.1%, respectively. 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. The Chinese battery manufacturers CATL and BYD are being considered as potential partners. 30 North Colonnade, London E14 5GN, UK. The giant released its 2021 Annual Report Preview on January 27: the company expects to achieve a net profit of 14 billion yuan to 16.5 billion yuan, with an increase of 150.75% to 195.52% year-on-year. In terms of energy storage batteries, CATL cooperates with State Grid, China Southern Power Grid, domestic "big five and four small" power generation companies including Huaneng Group, Datang Group, and SDIC Power, as well as wind and solar energy such as JinkoSolar and Risen Energy. Register in seconds and access exclusive features. "Catl's Revenue from 2015 to 2020 (in Billion Chinese Yuan). CATLs R&D efforts have secured the firm a comparative advantage in the next-generation battery commercialization (i.a solid-state and lithium-silicon batteries). There are big jobs to be done worldwide, and that work is powered by our people. 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]. 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]. one part. Relative to the global market, CATLs capacity (measured in GWh) is rivalled only by South Koreas LG Energy Solution. The company has been established in December 2011 by founder Zeng Yuqun alias Robin Zeng. CATL Deployments Accelerating in Europe, Fourth Most Deployed Cells in 2020 The companys net income for fiscal years 2017 to 2020 averaged 652.82 million USD. A paid subscription is required for full access. Click here to submit a Letter to the Editor, and we may publish it in print. Enclosure 1. (April 28, 2021). Concentrix: How can customer data drive a better automotive CX? The popular discussions on solid-state batteries have brought development both in academia and industry. 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. The advent of solid-state batteries would cut the recharging time for electric vehicles by two-thirds to circa 10 minutes and would extend the driving distance of a compact electric vehicle while maintaining legroom[15], [16]. 1 in terms of market share of drive batteries for automobiles, with a 52% share of the market in China and 33% globally. Diversity & Inclusion Caterpillar is committed to ensuring our workplace is diverse and representative of the many customers we serve around the globe. sales@manlybatteries.cominfo@manlybatteries.com. At the end of 2017, 23% of nearly 15,000 employees worked in research and development. 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. Show publisher information The two most prominent were a 2020 $5bn investment in developing a lithium battery plant in Indonesia and a $137m investment in a stake in Congos Kisanfu copper-cobalt mine in 2021[33]. 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. The company held a net cash position of CNY34 billion in 1H21. Statement of Changes in Beneficial Ownership. 18, 2022 at 8:34 a.m. Carol Massar and Tim Stenovec host a look back at the best interviews, discussions and more. 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. We meet customers where they are with our tailored solutions. Learn more about how Statista can support your business. Thank you. The upstart's November 2021 public listing was the sixth-largest in U.S. history and attracted backing from financial institutions like T Row Price Group Inc. in addition to Amazon.com Inc. Profit from the additional features of your individual account. 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. Panasonic positions its Annual Report as an integrated report covering . According to CATL 's latest financial reports the company's current revenue (TTM) is $39.87 B . On the other hand, energy storage has become the fastest growing business segment in CATL. The figures for 2016 through 2017 were taken from this article released in June 2018. Year 2021 Semi Annual - Annual Download: Year 2020 Semi Annual - Annual Download: Year 2019 Semi Annual - Annual Download: Year 2018 Semi Annual - Annual . Insight and analysis of top stories from our award winning magazine "Bloomberg Businessweek". Heres the next step in their evolution, Champ: The history of titling and the cost of human error. 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]. Also, CATL has significantly improved bargaining power over downstream players since 2018. Corporate Governance. Sources: CoinDesk (Bitcoin), Kraken (all other cryptocurrencies), Calendars and Economy: 'Actual' numbers are added to the table after economic reports are released. Finding a cost-effective and efficient solid-state battery for electric vehicles could prove equivalent to finding the golden fleece in Greek mythology. 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. Have an opinion about this story? In China, policymakers were early to identify the auto market as a primary target for economic stimulus. CATL released its 2021 annual report on the evening of 21stApril 2022. It remains to be seen what the Tesla CATL partnership will mean for the global battery market. Annual Securities Report, etc. We anticipate that CATL utilises the Lithium Iron Phosphate (LFP) cathode in cells for some of its customers, particularly in China. Cat product offerings include articulated trucks, backhoe loaders, dozers, engines, excavators, generators, motor graders, skid steer loaders and wheel loaders. Panasonic Holdings Corporation. What Is CATLs Existing Capacity Outlook? Website (Gasgoo China Automotive News). 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. We expect worldwide EV sales to fall between 4 million and 4.3 million cars for this year. Meritor 2019 Summary Annual Report and 10-K 4.3 MB. Chinese firm says lithium inflation adding price pressures, Manufacturer investing $2 billion in new Xiamen factory. cmoc_group. NISSAN: 2022 Pathfinder and 2022 Frontier. Website (Gasgoo China Automotive News). 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]. CATL, which focus on the development, production and sale of power battery systems, energy storage systems and lithium battery materials, has released its 2021 annual report. Highlights from a week-long virtual event bringing Bloomberg Businessweek magazine to life. Its shares have risen some 18% this year as sales soar. 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. In the last years, CATLs cash flow has fully covered capex. 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 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. 4. Disclaimer: Our content is intended to be used solely for informational and educational purposes, and not as investment advice. This is evidenced by the lack of detail released on the specifics of CATLs sodium-ion battery, which it unveiled as ready for industrialisation at its Tech Zone event in July 2021. Based in Gillingham, England. February 15, 2023. The plant will be located next to NIO's major manufacturing center in Hefei, in eastern China's Anhui province, the people said. Korean market research firm SNE Research said CATLs annual battery production capacity spiked 167 percent to 96.7 gigawatt hours in 2021. Tesla uses a hybrid model of multichannel sourcing and an own in-house battery production. 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. 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. 1155 Gratiot Avenue 2020. In, Website (Gasgoo China Automotive News). CATL is the world's largest EV battery manufacturer. 2020. CATL has 170GWh capacity in operation and 140GWh capacity under construction as of 31st December 2021. 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. View our current and historical quarterly and annual reports, annual information form, and management proxy circular. 2021 2020 2019; Net Operating Cash: $6,712 $2,883 $2,107 Net Investing Cash-$8,412 -$2,355 $290 . 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. CATL also researches the solid-state battery chemistry, but if there will be a breakthrough it is not clear which company and which country will be leading the next battery revolution. Your download link will be emailed to you shortly. Financial Highlights 2020 Revenue 61 (MUSD) 46 29. Download 2021 Annual Report Download PDF Sustainability We're committed to building a better, more sustainable world. Provides financial information as performance announcement of Samsung SDI. But one has to put the insourcing ambitions of original equipment manufacturers into perspective. CATL holds significant and long-term battery supply contracts with major auto OEMs, including BMW, Daimler, PSA and VW. Copyright FactSet Research Systems Inc. All rights reserved. To read the article please click on the link we have sent to your email address. To use individual functions (e.g., mark statistics as favourites, set Will solid-state batteries disrupt the battery industry? Sources: FactSet, Tullett Prebon, Commodities & Futures: Futures prices are delayed at least 10 minutes as per exchange requirements. In 2021 the company made a revenue of $20.24 B an increase over the years 2020 revenue that were of $7.40 B .The revenue is the total amount of income that a company generates by the sale of goods or services. 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 % Why? You can unsubscribe at any time through links in these emails. According to Bloomberg, this number is going to increase to 58% by 2040[3], [4]. Caterpillar is committed to ensuring our workplace is diverse and representative of the many customers we serve around the globe. Allstate: Compliance standards are changing. Tesla, Ford and VW have plans to manufacture their own batteries for electric vehicles. 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. In 2020, CATLs Lithium-ion battery sales totaled 46.84GWh, up 14.36% Y-o-Y. Annual report 2020. 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. 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%. CATLs extensive change in operating expenses is mainly driven by interest income and expenses. China produces 72% of the worlds lithium-ion battery cells today and if you want to take advantage of the massive electric vehicle revolution, it is critical to understand the Chinese market and its most prominent players in the industry, such as CATL. Yes, I'd like to receive email communications on editorial features, special offers, research and events and webinars from Automotive News. Source: CATL official WeChat account press release) Shareholders -Listed on Shenzhen Stock Exchange (As of December 31, 2021) Products 10,000+ Employees. "CATL's revenue from 2015 to 2020 (in billion Chinese yuan)." Annual Reports Meritor 2021 Summary Annual Report and 10-K 5.3 MB. CATL's revenue from 2015 to 2020 (in billion Chinese yuan) [Graph]. Challenges including high capital expenditure (capex) and environmental impact may slow down or even impede new nickel purification processes[8]. This report from Fitch Solutions Country Risk & Industry Research is a product of Fitch Solutions Group Ltd, UK Company registration number 08789939 ('FSG'). Shareholders' Meeting. Our team offers customer-focused services and technology. 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