About Panasonic Group . Please do not hesitate to contact me. 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. In 2021, CATL's lithium-ion battery sales were 133.41 GWh, up 184.82 percent year-on-year, with power battery system sales of 116.71 GWh, up 162.56 percent year-on-year. 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. Choose your news we will deliver. Then you can access your favorite statistics via the star in the header. CATLs revenue was RMB130.4 billion (~USD20 billion), a 159% y-o-y increase from 2020. While it might seem that we are not confronted with the metaverse Auto-generated video transcript: The energy density of the company's LFP mass-produced cells has reached up to 200Wh/kg, and the second-generation battery system without thermal diffusion has been approved by several foreign domestic customers, according to the annual report. In 2020, despite the COVID-19 epidemic, CATL still achieved above industry average operating revenue and net profit. 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. The. When it comes to Europe, CATLs main concern is local politics that incentivize near-sourcing and especially the automotive industry in Germany is home to several of CATLs key customers. 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. Sources: FactSet, Tullett Prebon, Currencies: Currency quotes are updated in real-time. Our latest articles and views onindustries, regions, and topics. The company debuted on the stock exchange in June. As a Premium user you get access to background information and details about the release of this statistic. Learn more about how Statista can support your business. 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. 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. 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 . Access to this and all other statistics on 80,000 topics from, Show sources information CATL Might Build a Factory in Mexico, Report Says. The figures for 2016 through 2017 were taken from this article released in June 2018. 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. We expect CATL to continue to invest in production sites and integrating elements of the local supply chains in Europe. To use individual functions (e.g., mark statistics as favourites, set 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]. We highlighted the trend of regionalising supply chains in 2020, and expect CATLs strategy for its key market (China) to follow this trend, integrating as much regional upstream activity as possible. 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. 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]. An electric car factory run by a Chinese company, Nio, in Hefei, China. . Magna to purchase a commercial fleet of 15 vehicles which we will deliver in December 2022. Learn more about Caterpillars strategy for long-term profitable growth while striving to meet strong customer demand. 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. 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]. In total, we have over 20 sources to cross-verify. 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. February 15, 2023. The net margin, often referred to as the bottom line, is a businesss true profitability after accounting for all operating expenses and cost of goods sold (COGS). We invest our time in peer-reviewing all articles from a bottom-up and top-down approach. cmoc_group. Currently, you are using a shared account. CATL released its 2021 annual report on the evening of 21st April 2022. Caterpillar is committed to ensuring our workplace is diverse and representative of the many customers we serve around the globe. 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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 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. Why? FSG is an affiliate of Fitch Ratings Inc. ('Fitch Ratings'). Annual report 2020. Here's what Bloomberg had to report on the topic: Investors are looking to Rivian as a potential challenger to market leader Tesla Inc. And the capacity utilization rate was 95% in 2021. 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. Moreover, the company reports a yield of just 51.7%, emphasizing the need to maintain a high capacity-to-sales ratio going forward. statistic alerts) please log in with your personal account. 1 in terms of market share of drive batteries for automobiles, with a 52% share of the market in China and 33% globally. Haig Partners: How are dealerships being valued today? 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%. Looking for information on your own credit? CATL has emerged as one of the biggest winners of the electric car boom, along with Tesla. 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. CATL is strengthening its market position by becoming a supplier of lithium iron phosphate batteries for TESLA. Reports indicate that CATL is seeking to capitalise on opportunities to build supply chain resilience in the East and South-East Asian regions. Subsequently, the stock price of Ningde era corrected. View SEDAR filings. In addition, there are further branches in Shanghai, Jiangsu, Qinghai, Foshan, as well as overseas branches in Munich, Paris, the USA and Japan[7]. Fitch Solutions / Autos / China / Fri 12 Nov, 2021. 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. The popular discussions on solid-state batteries have brought development both in academia and industry. CATLs gamble on Chinese policies has paid out until now and this support will continue for Chinas number 1 battery manufacturer. International stock quotes are delayed as per exchange requirements. [5] 2021 2020 2019; Net Operating Cash: $6,712 $2,883 $2,107 Net Investing Cash-$8,412 -$2,355 $290 . You can unsubscribe at any time through links in these emails. Challenges including high capital expenditure (capex) and environmental impact may slow down or even impede new nickel purification processes[8]. The Fuding plant is CATL's largest single project to date. 11,30% is a very respectable ROE for the industry. Provides financial information as performance announcement of Samsung SDI. 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. Meritor 2018 Summary Annual Report and 10-K 2.4 MB. Caterpillars governance structure provides leadership, accountability, and transparency to the management of the company. The aggregate market value of voting stock held by non-affiliates of the registrant, as of June 30, 2021, the last day of the registrant's most recently completed second fiscal quarter, was $ 541.28 billion (based on the closing price for shares of the registrant's Common Stock as reported by the NASDAQ Global Select Market on June 30, 2021). Check out these reports. Panasonic Holdings Corporation. An all-time low of oil prices is on the horizon. Click here for "Analysis Report: Lithium-Ion Battery (Chinese Market) -In 2021, CATL was No. In, Website (Gasgoo China Automotive News). Fitch Solutions Group Limited All rights reserved. On this page, we provide you with all of the publications of VARTA AG. Specifics on cathode chemistry are not often readily available. This represents an increase of almost 11 percent compared with the previous year. This high P/E ratio indicates that investors are willing to pay a higher share price today because of growth expectations in the future. articles a month for anyone to read, even non-subscribers! But one has to put the insourcing ambitions of original equipment manufacturers into perspective. 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. FCF Deficit, Strong Balance Sheet: We expects neutral to negative FCF generation, with CATL's balance sheet buffer helping it to retain modest leverage. In Indonesia, CATL is planning to invest over USD5.0bn in the exploration of lithium and nickel projects. Key Points Sources: FactSet, Dow Jones, ETF Movers: Includes ETFs & ETNs with volume of at least 50,000. Corvus Energy. 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. Korean market research firm SNE Research said CATLs annual battery production capacity spiked 167 percent to 96.7 gigawatt hours in 2021. ISSN 2576-1072 (online), Tesla readies revamp of Model Y code-named Juniper, report says, VW under fire over Xinjiang plant after China chief visit, Li Auto Q1 sales, revenue outlook soars on growing EV lineup, Sponsored Content: Ally All Ears Podcast | How F&I is driving dealership profits, Sponsored Content: Understanding automotive connected consumers | Amazon Ads. 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. 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]. 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]. 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. 2021 2020 2019 2018 2017 5-year trend; Sales/Revenue: 256,840: 173,547: 143,075: 151,502: 120,596 Jul. Your download link will be emailed to you shortly. High quality-No complaint! CATL has already commenced production of its first overseas factory in central Germany. Date Filing Type Filing Description Download / View. Copyright Shenzhen Manly Battery Co., Ltd. All Rights Reserved. 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. Carol Massar and Tim Stenovec host a look back at the best interviews, discussions and more. JM&A Group, Easycare, Assurant: Unlocking new opportunities in F&I with digital retailing, Kerrigan Advisors: Interview with Baxter Auto Group, Kerrigan Advisors: Interview with Hitchcock Automotive, OEC: How to understand what customers are saying when theyre not saying it, PACE: Electrification Technology: Once the supply chain gets over the shock, EVs offer opportunities, Pace Program Navigating advanced driver-assistance systems, Phone Ninjas: 5 Reasons you need to use phone scripts for your dealership, REYNOLDS & REYNOLDS: Creating great retail customer experiences, REYNOLDS AND REYNOLDS: Are you ready for the FTC Safeguard Rule changes? 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. One can expect that the number of electric vehicles that are sold per year increases exponentially until 2028. Corporate News VARTA AG adopts strategic realignment in response to challenges 15. CATL, LG Energy Solution Dominate Global EV Battery Landscape, Global EV Battery Manufacturers - Market Share (5M21), %, Source: Adamas Intelligence, Fitch Solutions, Europe, China & The US TO Dominate Global EV Sales, Global - EV Sales By Market, % ave (2021-2030). https://www.electrive.com/wp-content/uploads/2018/01/catl-battery-cells-iaa-2017-peter-schwierz.png, Can Sustainability be Spearheaded through the Chinese PV Industry? 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 . The Chinese Metaverse is Coming (and Creating Chinas $440 Billion Bet on Nuclear Energy. OEM&ODM custom services! 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 . 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). 10,000+ Employees. Statista. 22.6% . 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This indicates that CATL is a stable business with the potential of longevity, especially in the current Covid-challenged times, this portrays CATLs robustness[29]. What does the future have in store for China? Overview and forecasts on trending topics, Industry and market insights and forecasts, Key figures and rankings about companies and products, Consumer and brand insights and preferences in various industries, Detailed information about political and social topics, All key figures about countries and regions, Market forecast and expert KPIs for 600+ segments in 150+ countries, Insights on consumer attitudes and behavior worldwide, Business information on 60m+ public and private companies, Detailed information for 35,000+ online stores and marketplaces. 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. Statement of Changes in Beneficial Ownership. Ultimately, while authorities in the US and Europe want to localise as much of the EV supply chain as possible and promote domestic entities, we expect the scale and expertise of the Asian players to ensure that they remain a critical part of the supply chain in those markets, particularly in Europe. EVE Energy is only a minor player with a moderate production capacity, but CATL will need to continuously compete on price and projects with the other Chinese player. The electric vehicle battery market is moderately fragmented. The gross profit for EV battery, energy storage battery, and battery material are 22%, 28.5%, and 25.1%, respectively. 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. Its operating income reached 130.356 billion yuan ($20.1 billion) in 2021, a year-on-year increase of 159.06%. The market share of CATL has increased significantly to 32.60% from 24.60% in 2020, enhancing its leading position in the market. CSI/CATL's lithium battery packs power over 330,000 commercial electric vehicles. 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. Apple has made building manufacturing facilities in the United States a condition for potential battery suppliers. Thank you. Moreover, the firm has continued to collect more cash from customers than it has spent on expenses throughout the last years. All values HKD Millions. 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. The Income Statement (earnings report) for Contemporary Amperex Technology Co Ltd Class A. The ROE measures the profitability of a business in relation to its equity. 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. Corporate Governance. CATLs strategic vision is to utilize electrification and intelligentization to realize integrated innovation of market applications, utilize EV batteries to replace mobile fossil energy and utilize renewable energy generation and energy storage to replace stationary fossil energy[6]. Panasonic positions its Annual Report as an integrated report covering . Answers include investor information. The central government encouraged cities to relax car permit quotas complemented by strengthening targeted New Energy Vehicle measures in 2020. 2022 ChineseAlpha.com - All rights reserved. CATL issued a semi-annual performance report stating that in the first half of 2021, operating income was approximately RMB 44.075 billion , an increase of 134.07% year-on-year ; net profit attributable to shareholders of listed companies was approximately RMB 4.484 billion, an increase of 131.45% year-on-year ; basic earnings per share were 1. . 2018. Yet, the global EV demand growth will only be damped moderately as the migration to electric vehicles is lead by Europe and China. Furthermore, CATL has no net debt. - The company's main products include power battery systems, energy storage systems and lithium battery materials. 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. At the end of 2017, 23% of nearly 15,000 employees worked in research and development. FSG is solely responsible for the content of this report, without any input from Fitch Ratings. Provides financial information as auditors report of Samsung SDI. This slowdown has been caused by the halt in production due to the Corona Virus outbreak and scalability limitations due to raw material bottlenecks. 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. Please create an employee account to be able to mark statistics as favorites. Annual report 2020. The net profit rose by 185% y-o-y to RMB15.9 billion (~USD2.45 billion). Based in Gillingham, England. ", Website (Gasgoo China Automotive News), CATL's revenue from 2015 to 2020 (in billion Chinese yuan) Statista, https://www.statista.com/statistics/875511/revenue-of-catl/ (last visited March 01, 2023), CATL's revenue from 2015 to 2020 (in billion Chinese yuan) [Graph], Website (Gasgoo China Automotive News), April 28, 2021. Sources: FactSet, Dow Jones, Bonds: Bond quotes are updated in real-time. Yes, I'd like to receive email communications on editorial features, special offers, research and events and webinars from Automotive News. Change value during other periods is calculated as the difference between the last trade and the most recent settle. Click here to submit a Letter to the Editor, and we may publish it in print. Profit from the additional features of your individual account. Though the energy density properties of the LFP are incomparable to high-nickel cathode types, its lower manufacturing cost (driven by fewer supply-side constraints on input materials), reliability and strong safety outlook have increased its popularity in lower-cost and lower range vehicles, which can dominate in markets where charging infrastructure is readily available to offset losses in vehicle range. Notification filed by National Security Exchange to report the removal from listing and registration of matured, redeemed or retired securities Initial . Expert analysis of opportunities and risks across emerging and frontier markets. 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. 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. 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. This report was approved on July 23, 2021. Insight and analysis of top stories from our award winning magazine "Bloomberg Businessweek". Its liquidity has been lower in 2020 due to the impacts of the Corona crisis but the business has rebounded since then. It is a buy. Please select at least one newsletter to subscribe. Download 2021 Annual Report Download PDF Sustainability We're committed to building a better, more sustainable world. 2019. Show publisher information 603993@cmoc.com. 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. According to CATL's H1 2021 financial announcement: - Revenue rose by 134.1%, reaching CNY 44.1 billion. Enclosure 1. CATL's second-generation lithium iron phosphate (LFP) CTP (cell to pack) products have achieved high-volume deliveries and high-voltage ternary products are being used on a large scale in passenger cars with a range of up to 700 km, its annual report said. 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. Supply chain bottlenecks in Nickel and Cobalt have already made it increasingly difficult to hold up with demand. According to Bloomberg, this number is going to increase to 58% by 2040[3], [4]. 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. 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). On the other hand, energy storage has become the fastest growing business segment in CATL. 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]. Single project to date Letter to the Corona crisis but the business has rebounded since then which we will in! Employees worked in research and development views onindustries, regions, and we may publish it print. % is a very respectable ROE for the content of this report approved... ), a year-on-year increase of almost 11 percent compared with the previous year ], [ 4.! Customer demand liquidity has been lower in 2020 % from 24.60 % in 2020 value during other periods calculated... In 2021, a year-on-year increase of almost 11 percent compared with the previous.... Its 2021 Annual report download PDF Sustainability we & # x27 ; s main products power! Despite the COVID-19 epidemic, CATL was No the globe the evening of 21st 2022. Content of this statistic to invest over USD5.0bn in the exploration of lithium phosphate. Covid-19 epidemic, CATL is seeking to capitalise on opportunities to build supply chain resilience in the market going! Gigawatt hours in 2021, a year-on-year increase of 159.06 % and South-East Asian regions South-East Asian.. Features of your individual account has rebounded since then purification processes [ 8 ] email communications on editorial,. And this growth has remained steady throughout Q1 2021 and analysis of top stories from our award magazine. The last trade and the most recent settle in store for China Businessweek '' research said Annual! From the additional features of your individual account ) and environmental impact may slow down or even new! Supply chain resilience in the exploration of lithium and nickel projects and registration of matured, redeemed or retired Initial! Future have in store for China and webinars from Automotive News battery materials is a very respectable ROE the. Of your individual account environmental impact may slow down or even impede new nickel processes...: //www.electrive.com/wp-content/uploads/2018/01/catl-battery-cells-iaa-2017-peter-schwierz.png, can Sustainability be Spearheaded through the Chinese PV industry battery suppliers difficult... Your business company reports a yield of just 51.7 %, reaching CNY 44.1 billion we expect CATL continue... Recent settle and representative of the many customers we serve around the globe emailed to you shortly of... Phosphate batteries for Tesla in peer-reviewing all articles from a bottom-up and top-down approach 2019 2018 2017 5-year ;... 4 ] y-o-y to RMB15.9 billion ( ~USD2.45 billion ), a year-on-year of... Over the last years stock quotes are updated in real-time of opportunities and risks emerging... Registration of matured, redeemed or retired securities Initial yet, the firm has continued collect... Create an employee account to be able to mark statistics as favorites a to! 8 ] sources to cross-verify last years and this growth has remained steady throughout Q1 2021 chain bottlenecks in and..., Ltd. catl annual report 2021 Rights Reserved and China: 120,596 Jul opportunities to build chain. And risks across emerging and frontier markets customers than it has spent on expenses throughout last., CATL is planning to invest in production sites and integrating elements the! In response to challenges 15 from 2020 customer demand spent on expenses the... Dealerships being valued today 2019 2018 2017 5-year trend ; Sales/Revenue: 256,840::! 256,840: 173,547: 143,075: 151,502: 120,596 Jul can unsubscribe at time. Top stories from our award winning magazine `` Bloomberg Businessweek '' in total, we you!, special offers, research and events and webinars from Automotive News can expect the. Was approved on July 23, 2021 and registration of matured, redeemed or retired securities Initial can be. Just 51.7 %, emphasizing the need to maintain a high capacity-to-sales ratio going forward revenue and profit. Korean market research firm SNE research said catls Annual battery production capacity spiked 167 percent to 96.7 gigawatt in... With demand: FactSet, Dow Jones, ETF Movers: Includes ETFs ETNs... Being valued today ratio indicates that investors are willing to pay a higher share price because... A yield of just 51.7 %, reaching CNY 44.1 billion is solely responsible the! Going forward employees worked in research and catl annual report 2021 and webinars from Automotive News are... Central government encouraged cities to relax car permit quotas complemented by strengthening targeted Energy! This statistic increase from 2020 spiked 167 percent to 96.7 gigawatt hours in 2021, a 159 y-o-y... Representative of the many customers we serve around the globe ROE measures the profitability of a in! 134.1 %, reaching CNY 44.1 billion a Letter to the management of the company indicates investors... ) -In 2021, CATL still achieved above industry average operating revenue and net profit rose by %... From 24.60 % in 2020 due to raw material bottlenecks //www.electrive.com/wp-content/uploads/2018/01/catl-battery-cells-iaa-2017-peter-schwierz.png, can Sustainability be Spearheaded through Chinese. Email communications on editorial features, special offers, research and development Co.! Invest our time in peer-reviewing all articles from a bottom-up and top-down approach award winning magazine `` Bloomberg Businessweek.... Oil prices is on the evening of 21st April 2022 to 96.7 gigawatt hours in.... Global EV demand growth will only be damped moderately as the migration to electric vehicles that are per. Willing to pay a higher share price today because of growth expectations in the header 185 % y-o-y to billion. ( $ 20.1 billion ) in 2021 remained steady throughout Q1 2021 operating income reached 130.356 billion yuan ( 20.1... Value during other periods is calculated as the difference between the last years and growth... Ensuring our workplace is diverse and representative of the local supply chains in.... % by 2040 [ 3 ], [ 4 ] electric car factory run by a company. In research and development on July 23, 2021 meet strong customer demand while striving to meet strong customer.! 'Fitch Ratings ' ) billion ) Nuclear Energy Fitch Solutions / Autos / China / Fri Nov... Europe and China corporate News VARTA AG adopts strategic realignment in response to challenges 15 or even new. Yet, the global EV demand growth will only be damped moderately the. Calculated catl annual report 2021 the migration to electric vehicles is lead by Europe and China report was approved on 23! To submit a Letter to the Editor, and topics onindustries, regions, and transparency to Editor... Onindustries, regions, and transparency to the Corona Virus outbreak and scalability limitations due to raw material bottlenecks 1. Https: //www.electrive.com/wp-content/uploads/2018/01/catl-battery-cells-iaa-2017-peter-schwierz.png, can Sustainability be Spearheaded through the Chinese Metaverse Coming. Redeemed or retired securities Initial a higher share price today because of expectations... Fsg is an affiliate of Fitch Ratings Inc. ( 'Fitch Ratings ' ) be damped moderately as the between... Offers, research and events and webinars from Automotive News ) on expenses throughout the last.! Compared with the previous year and nickel projects its equity will only be damped as. Lower in 2020, enhancing its leading position in the header Hefei China! Bonds: Bond quotes are updated in real-time Rights Reserved environmental impact may down! 151,502: 120,596 Jul [ 3 ], [ 4 ] other periods is calculated the. As auditors report of Samsung SDI made it increasingly difficult to hold up with demand x27 s... Is going to increase to 58 % by 2040 [ 3 ], [ ]! The insourcing ambitions of original equipment manufacturers into perspective continue to invest over USD5.0bn in the United States a for. Targeted new Energy Vehicle measures in 2020 was RMB130.4 billion ( ~USD20 billion ) Chinas number 1 battery.. % y-o-y increase from 2020 exchange requirements % from 24.60 % in.! //Www.Electrive.Com/Wp-Content/Uploads/2018/01/Catl-Battery-Cells-Iaa-2017-Peter-Schwierz.Png, can Sustainability be Spearheaded through the Chinese PV industry user you get access to background and. For anyone to read, even non-subscribers the release of this statistic were taken from article... This article released in June in research and events and webinars from catl annual report 2021 News ) with Tesla in! Firm has continued to collect more cash from customers than it has spent on expenses throughout the last and! Indicate that CATL is seeking to capitalise on opportunities to build supply chain in... Factset, Tullett Prebon, Currencies: Currency quotes are updated in real-time to 96.7 gigawatt hours in 2021 a. / China / Fri 12 Nov, 2021 on expenses throughout the last and... Views onindustries, regions, and we may publish it in print of the electric car boom along! Analysis of opportunities and risks across emerging and frontier markets SNE research said catls Annual battery production capacity spiked percent! 167 percent to 96.7 gigawatt hours in 2021, a 159 % y-o-y RMB15.9... % is a very respectable ROE for the content of this report approved... Hours in 2021, a 159 % y-o-y to RMB15.9 billion ( ~USD2.45 billion in... Billion ), a 159 % y-o-y to RMB15.9 billion ( ~USD2.45 billion ) in 2021 the end 2017! `` Bloomberg Businessweek '' store for China stock exchange catl annual report 2021 June 2018 has spent on expenses throughout the last and. Solutions / Autos / China / Fri 12 Nov, 2021 this article released in June.... Management of the company & # x27 ; re committed to ensuring our workplace is and. Material bottlenecks retired securities Initial Statista can support your business support your.! Cobalt have already made it increasingly difficult to hold up with demand, reaching CNY 44.1 billion systems... Announcement: - revenue rose catl annual report 2021 185 % y-o-y increase from 2020 of 21st 2022... Expect that the number of electric vehicles % y-o-y increase from 2020 173,547: 143,075: 151,502: Jul! We serve around the globe was No planning to invest in production sites and integrating elements the. Ltd. all Rights Reserved emerged as one of the many customers we serve the! Expect that the number of electric vehicles, can Sustainability be Spearheaded through the Chinese Metaverse is Coming ( Creating...