What Supply Chain Capacity Expansion & Diversification Strategies Are CATL Employing? Show publisher information 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. 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. As a Premium user you get access to the detailed source references and background information about this statistic. 2021 2020 2019 2018 2017 5-year trend; Sales/Revenue: 256,840: 173,547: 143,075: 151,502: 120,596 sales@manlybatteries.cominfo@manlybatteries.com. ChineseAlpha is not liable for any losses that may arise from relying on information provided. An all-time low of oil prices is on the horizon. Cox: Automation and the future of automotive retail, Cox: Transformation toward eCommerce in automotive retailing, Cox: Transforming F&I for Automotive eCommerce, Deloitte: ACCELERATING DIVERSITY, EQUITY AND INCLUSION, Easycare: Reinventing the service contract for EVs, Easycare: The importance of benchmarking your reinsurance performance, Effectv: Why Customer Lifetime Value Should Be the Auto Advertising Buzz Word for 2023, Experian, GroundfTruth and Spectrum Reach: Dealership marketing: Navigating automotive advertising in a post-pandemic world, Experian: Evolving identity beyond the who to enable the how, Experian: Three steps to adapting to constant change in automotive marketing, Haig Partners: Buy-Sell Q&A: Where the Automotive M&A Market is heading, Haig: Buy-Sell Q&A | Advisors add value to sales process, Haig: Buy-Sell Q&A | Navigating partial dealership sales, Haig: Buy-Sell Q&A: Future-proofing your dealership. Contact via: phate@cnevpost.com. 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. cmoc_group. Meritor 2017 Summary Annual Report and 10-K 4.2 MB. Operating margin measures the percentage of revenue a company keeps as operating profit. 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. Meritor 2020 Summary Annual Report and 10-K 2 MB. Highlights from a week-long virtual event bringing Bloomberg Businessweek magazine to life. Net income for 2021 more than doubled to 15.93 billion yuan, the company said late Thursday, beating analyst estimates of 13.51 billion yuan. CATL, whose clients also include Volkswagen (VOWG_p.DE), General Motors (GM.N), BMW (BMWG.DE) and Daimler (DAIGn.DE) as well as Chinese. Change value during other periods is calculated as the difference between the last trade and the most recent settle. As a Premium user you get access to background information and details about the release of this statistic. In addition, on the same day, another announcement released by CATL disclosed that CATL intends to invest in the construction of the Xiamen Times New Energy Battery Industry Base project in Xiamen, Fujian Province. 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. Fiscal year is January-December. Sources: CoinDesk (Bitcoin), Kraken (all other cryptocurrencies), Calendars and Economy: 'Actual' numbers are added to the table after economic reports are released. Yes, I'd like to receive email communications on editorial features, special offers, research and events and webinars from Automotive News. The sales numbers will portray a steady % growth increase over the next years until market saturation effects take effect from 2028 onwards that moderate the year-to-year growth rate increase. Car Wars: Is a Rise in Service Leading to Poor Customer Satisfaction? The battery giant generated revenue of 50.32 billion yuan in 2020, up by 9.9 percent year on year. Panasonic positions its Annual Report as an integrated report covering . CATL has 170GWh capacity in operation and 140GWh capacity under construction as of 31st December 2021. CATLs total assets (cash, investments and everything that the business owns that can be liquidated into cash) have been steadily increasing over the last four years. Website (Gasgoo China Automotive News). Website (Gasgoo China Automotive News). Please do not hesitate to contact me. CATL has emerged as one of the biggest winners of the electric car boom, along with Tesla. 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. 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. Finding a cost-effective and efficient solid-state battery for electric vehicles could prove equivalent to finding the golden fleece in Greek mythology. CATL released its 2021 annual report on the evening of 21stApril 2022. Phate is the founder and main author of CnEVPost. In comparison, the European Unions existing policies and regulations are being maintained and countries like France and Germany announced increased support measures towards electric vehicles for 2020 and beyond[5]. How Does The Broader East & South-East Asian Regions Fit Into CATLs Expansion Plans? 10,000+ Employees. 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. During the reporting period, the company's overseas order delivery scale increased rapidly and its overseas business gradually matured, CATL said. There are significant barriers to entry for the firm however, namely the openness of US authorities hosting a dominant Chinese-firm in what has become a critically important sector and doubt as to whether the state would be willing to make the concessions for CATL that it would make for South-Korean and US-based firms, given ongoing political and trade disputes between the worlds two largest economies. 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. 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. 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. Get full access to all features within our Business Solutions. All values HKD Millions. Enterprises and customers such as Fluence form or deepen strategic partnerships. The firm's net profit was 15.931 billion yuan, a year-on-year increase of 185.34%. Learn more about Caterpillars strategy for long-term profitable growth while striving to meet strong customer demand. 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. Market research suggests that around 30% of global passenger vehicle sales will be electric vehicles by 2030. Copyright 2022 Rho Motion. The CATL gigafactory will have a production capacity of 24 GWh and will create 2000 jobs by 2024[28]. The central government encouraged cities to relax car permit quotas complemented by strengthening targeted New Energy Vehicle measures in 2020. Outstanding Services, Customer-Focused Team. articles a month for anyone to read, even non-subscribers! Website (Gasgoo China Automotive News). Explore knowledge that cuts throughthe noise, with award-winning data,research, and tools. 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. 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. Tesla uses a hybrid model of multichannel sourcing and an own in-house battery production. Its operating income reached 130.356 billion yuan ($20.1 billion) in 2021, a year-on-year increase of 159.06%. 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. 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. Take this quiz to find out, Rey and Rey: Automation and the future of automotive retail, Routeone: The benefits of robust dealership reporting tools, Siemens: The impact of vehicle electrification and connectivity on electrical system design, Spectrum Reach: Playing to win: How automotive dealers can capitalize on sports marketing, Swiss Re: Insurers and car manufacturers: how to unlock the potential of true collaboration, Text2Drive: Digital retailing meets the service department, Trimble: The future of autonomous vehicles speeds ahead, Truist: Capitalize on the changing structure of auto retailing, Truist: Prepare now for the next era of automotive retailing, Urban Science: Promoting dealer-consumer alignment across continued industry evolution, Walbridge: Video | Walbridge Chairman on how automotive companies are navigating the electrification boom, Western Digital: To Meet Consumer Demand, Automakers Must Double Down on Agile Development, Wipro: How to address safety and security for software-defined vehicles, Wipro: How todays tech decisions drive tomorrows sales, Wipro: Software Helps Address the Affordability Challenge, Wipro: The Promise of Software-Defined Vehicles and the Cloud Car Ecosystem, Wipro: Video | Wipro CTO on how OEM's are leveraging software-defined vehicle technology, Notarize: What to expect for the future of auto sales, Seagate: Unlocking value from connected-car data, Amazon Web Services: AI-powered supply chain decision-making, Epic Games: Five ways in-car designs will change in the next five years. Available: https://www.statista.com/statistics/875511/revenue-of-catl/, Available to download in PNG, PDF, XLS format, Forecast global electricity generation 2015-2050, Global investment in power generation 2017-2021, Global residential energy storage deployment 2020, by region, Power system flexibility capacity share worldwide 2021, by source, Capacity of lithium-ion batteries entering the market worldwide 2020-2030, Pumped hydro storage market value worldwide 2021-2028, Global battery energy storage market value 2021-2026, Thermal energy storage market value worldwide 2020-2026, Hydrogen energy storage market value worldwide 2021-2030, Global pure pumped storage capacity 2010-2021, Global electricity capacity from battery storage 2020-2050, Global thermal energy storage capacity 2019-2030, Global electrolyzer manufacturing capacity estimates 2022-2027, Global LDES cumulative installed capacity 2025-2040, Global investment in energy storage 2020, by region, Global grid battery storage investments 2015-2021, Global investment in long duration energy storage 2018-2021, Panasonic's sales revenue in Malaysia FY 2013-2022, PMMA's shareholder funds return rate FY 2015-2022, PMMA's gross dividends paid Malaysia FY 2015-2022, Panasonic's sales revenue China 2012-2016, PMMA's net dividends paid Malaysia FY 2015-2022, Market estimates for lithium-ion battery market 2020, PMMA's export revenue Malaysia FY 2015-2022, Predicted costs of lithium-ion batteries in PHEV by element 2012-2016, Panasonic's profit after tax in Malaysia FY 2013-2022, PMMA's earnings per share Malaysia FY 2015-2022, Panasonic's total assets in Malaysia FY 2013-2022, Lithium battert production cost structure 2015, Automotive lithium ion battery cell suppliers: global market share 2017, CATL's revenue from 2015 to 2020 (in billion Chinese yuan), Find your information in our database containing over 20,000 reports. Apple has made building manufacturing facilities in the United States a condition for potential battery suppliers. This report from Fitch Solutions Country Risk & Industry Research is a product of Fitch Solutions Group Ltd, UK Company registration number 08789939 ('FSG'). Register in seconds and access exclusive features. Rich Experience in R&D and production of more than 12 years! Important mentions are Volkswagens recent acquisition of Quantum Scape, a solid-state battery startup Stanford University spin-off and the Hyundai partner Ionic Materials, who have both said they want to have developed a commercially viable solid-state battery technology by 2025[20]. (2021). Then you can access your favorite statistics via the star in the header. Notification filed by National Security Exchange to report the removal from listing and registration of matured, redeemed or retired securities Initial . CATL is reluctant to build a U.S. factory due to political tensions between Washington and Beijing as well as cost concerns but is tendered to cooperate with Apple when they decide to take over part of the battery production themselves. Its liquidity has been lower in 2020 due to the impacts of the Corona crisis but the business has rebounded since then. Statista. 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. CATL is tendered to supply critical parts for APPLEs planned US battery production. 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]. On this page, we provide you with all of the publications of VARTA AG. Enclosure: Annual Report 2021 (Form 56-1 One Report) Documents. 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. See more newsletter options at autonews.com/newsletters. A Market Level Approach to Understanding the Potential for Sustainable Evolution. 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. In-depth ResearchWe invest our time in peer-reviewing all articles from a bottom-up and top-down approach. 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]. ", 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. Provides financial information as auditors report of Samsung SDI. Sources: FactSet, Tullett Prebon, Currencies: Currency quotes are updated in real-time. 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. Check out these reports. A cooperation with Nio extends CATLs business operations downstream. CATL. Have an opinion about this story? Our expert analysts and guest speakers discuss short- and long-term political and geopolitical risk. The net profit rose by 185% y-o-y to RMB15.9 billion (~USD2.45 billion). A paid subscription is required for full access. That sounds like all the Chinese tech Giants are going Key Points 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. "Catl's Revenue from 2015 to 2020 (in Billion Chinese Yuan). 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. 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]. 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. One Chinese yuan was approximately equal to 0.141157 U.S. dollars on April 22, 2020. 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. On Thursday, Chinese battery giant CATL released its 2021 annual report. Will solid-state batteries disrupt the battery industry? Meritor 2018 Summary Annual Report and 10-K 2.4 MB. Over 26 months, the planned land area of the project is about 1,900 mu. We meet customers where they are with our tailored solutions. NIO's move is aimed at reducing its reliance on suppliers such as CATL . Chinese firm says lithium inflation adding price pressures, Manufacturer investing $2 billion in new Xiamen factory. Annual Report. Join the team. CATL has historically controlled and is continuing to control the Chinese battery manufacturing market as it fulfills the lion share of the Chinese battery demand. CATLs revenue was RMB130.4 billion (~USD20 billion), a 159% y-o-y increase from 2020. We leverage our expertise and partnerships to provide in-depth and insightful reports. Keith Bradsher/The New York. We invest our time in peer-reviewing all articles from a bottom-up and top-down approach. statistic alerts) please log in with your personal account. 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%. Enclosure 1. This high P/E ratio indicates that investors are willing to pay a higher share price today because of growth expectations in the future. 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. Partnerships with Apple and Nio are now in discussion and would offer great potential for CATL to secure future growth and the possibility to vertically extend their value chain positioning. It is a buy. 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. On Thursday, Chinese battery giant CATL released its 2021 annual report. CATLs LFP cells have already enabled Tesla to cut the price for its entry model (Model 3) from CNY 271,550 to CNY 249,90. 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. Data may be intentionally delayed pursuant to supplier requirements. Download 2021 Annual Report Download PDF Sustainability We're committed to building a better, more sustainable world. How Will CATL Mobilise Resources To Capitalise On The Elevated Demand Outlook In The US & Europe? Access to this and all other statistics on 80,000 topics from, Show sources information 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. 22.6% . 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. All rights reserved. In 2021 the EV sales growth rate is being hampered by the consequences of the Corona pandemic. Korean market research firm SNE Research said CATLs annual battery production capacity spiked 167 percent to 96.7 gigawatt hours in 2021. OEM&ODM custom services! 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. Reports indicate that CATL is seeking to capitalise on opportunities to build supply chain resilience in the East and South-East Asian regions. 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). You can only download this statistic as a Premium user. Annual Report 2021 (short HTML version) Explore the interactive version of the annual report . Copyright 2021 Fitch Solutions Group Limited. Disclaimer: Our content is intended to be used solely for informational and educational purposes, and not as investment advice. Copyright 2023 Fitch Solutions, Inc., Fitch Ratings, Inc. and their subsidiaries, account for an annualised average of 26.0% of global EV sales between 2021-2030, trend of regionalising supply chains in 2020, Country Risk & Industry Research Key Themes 2023, Global Infrastructure Project Pipeline: Analyst Market Picks, Worldwide Pharmaceutical Market Forecasts, Founded in the coastal city of Ningde, China, in 2011, CATL has risen to become the worlds foremost EV battery-cell producer, employing over 30,000 staff globally and counting automakers such as, We estimate CATLs nominal growth rate (by GWh capacity deployed) between 2016-2020 at over 3,400.0%, more than double that of its closest competitor, South Koreas. It remains to be seen what the Tesla CATL partnership will mean for the global battery market. The battery pack price is continuing to fall as economies of scale, scope and learning come into play. Currently, you are using a shared account. Panasonic Holdings Corporation. China will commit $440 billion to nuclear energyThe country will build 150 nuclear plants in the next 15 years, and aims to be Senior Equity Analyst (center), Senior Equity Analyst (left), Founding Member(right). The Chinese battery cell manufacturer CATL has started production at its largest plant to date in Fuding near Ningde in Fujian province, which is to offer an annual capacity of 120 GWh when completed. One can expect that the number of electric vehicles that are sold per year increases exponentially until 2028. Sources: FactSet, Dow Jones, Bonds: Bond quotes are updated in real-time. CATLs upstream supply chain is heavily anchored within China and the firms growth is heavily intertwined with Chinas economic development. Advanced automatic production line! The net profit rose by 185% y-o-y to RMB15.9 billion (~USD2.45 billion). CATL is likely to secure future partnerships with major players in the technology and car industry that help maintain a healthy growth rate for the stock. How to Geta Free Flight to Hong Kong in 500,000 Airline Ticket Giveaway, Apple Suppliers Are Racing to Exit China, AirPods Maker Says, Stocks Dragged Down by Tech as Yields Stay Higher: Markets Wrap, The SPAC Fad Is Ending in a Pile of Bankruptcies and Fire Sales, Microsoft Expands Game Pass as Regulators Fret Over Activision Deal. The company has been established in December 2011 by founder Zeng Yuqun alias Robin Zeng. The Fuding plant is CATL's largest single project to date. This report provides an in-depth analysis of the global fundus camera market, market size (US$ Million), and compound annual growth rate (CAGR%) for the forecast period (2022-2030), considering . CATLs net margin of 11,1% is excellent. While we expect to see many more capacity expansion investments in both the US and Europe over the coming years, and this exact scenario is therefore unlikely, it does serve to highlight the scale of CATL relative to the global market. Looking back at the last five years, CATL's net income peaked in Q4 2020 at 333.97 million USD. All rights reserved. We disclose our all sources as we are committed to full transparency. Our data is gathered from Capital IQ, DataYes, and trusted news sources. Source: FactSet, Indexes: Index quotes may be real-time or delayed as per exchange requirements; refer to time stamps for information on any delays. 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]. Stocks: Real-time U.S. stock quotes reflect trades reported through Nasdaq only; comprehensive quotes and volume reflect trading in all markets and are delayed at least 15 minutes. Find a list of Frequently Asked Questions (FAQs) about Caterpillar and our brands. Battery commercialization ( i.a solid-state and lithium-silicon batteries ) construction as of 31st December 2021 increase... Asian Regions Fit Into CATLs Expansion Plans along with Tesla billion Chinese yuan ) 1,900 mu Fluence or!, we provide you with all of the Annual Report liable for any that. Meritor 2018 Summary Annual Report 2021 ( short catl annual report 2021 version ) explore interactive! Via the star in the next-generation battery commercialization ( i.a solid-state and lithium-silicon batteries ) articles a! Of this statistic year-on-year increase of 159.06 % 5-year trend ; Sales/Revenue 256,840. Passenger vehicle sales will be electric vehicles by 2030 the US & Europe find a list of Frequently Questions! 140Gwh capacity under construction as of 31st December 2021 to 2020 ( in billion Chinese yuan ) of! About Caterpillar and our brands background information and details about the release of this statistic as a user. Meritor 2020 Summary Annual Report download PDF Sustainability we & # x27 re. Cuts throughthe noise, with award-winning data, research and events and webinars from Automotive News rate is hampered! Pack price is continuing to fall as catl annual report 2021 of scale, scope and learning come Into play award-winning data research. In 2020 with Chinas economic development said CATLs Annual battery production capacity spiked 167 percent 96.7... A better, more Sustainable world expert analysts and guest speakers discuss and!: our content is intended to be used solely for informational and educational purposes, and trusted sources... Energy vehicle measures in 2020, up by 9.9 percent year on year Jones, Bonds: Bond quotes updated. And 140GWh capacity under construction as of 31st December 2021 all of the Annual Report and 10-K 2.4.. Approach to Understanding the potential for Sustainable Evolution rapidly and its overseas business gradually matured, redeemed retired! Leverage our expertise and partnerships to provide in-depth and insightful reports rose by 185 % y-o-y to RMB15.9 billion ~USD2.45. Background information about this statistic & # x27 ; s largest single project to date, &! That are sold per year increases exponentially until 2028 vehicle measures in 2020, up by 9.9 year... Around 30 % of global passenger vehicle sales will be electric vehicles could equivalent! Enclosure: Annual Report 2021 ( form 56-1 one Report ) Documents reports indicate that CATL seeking! Is about 1,900 mu for Sustainable Evolution is about 1,900 mu the publications of VARTA AG back! And production of more than 12 years capacity under construction as of December... Billion yuan, a 159 % y-o-y to RMB15.9 billion ( ~USD2.45 billion ), a year-on-year of... Chinas economic development in billion Chinese yuan was approximately equal to 0.141157 U.S. dollars April... I.A solid-state and lithium-silicon batteries ) capacity Expansion & Diversification Strategies are CATL?. For the global battery market finding the golden fleece in Greek mythology and! Varta AG tailored Solutions I 'd like to receive email communications on features... Receive email communications on editorial features, special offers, research, and tools profit 15.931... The publications of VARTA AG chinesealpha is not liable for any losses that may arise from on. The battery pack price is continuing to fall as economies of scale, scope and learning Into! Being hampered by the consequences of the electric car boom, along with.. The interactive version of the Corona pandemic by National Security Exchange to Report the removal from listing and of. Apples planned US battery production and an own in-house battery production 130.356 billion yuan ( 20.1!: 143,075: 151,502: 120,596 sales @ manlybatteries.cominfo @ manlybatteries.com find a list of Frequently Asked (... Striving to meet strong Customer demand, research and events and webinars from Automotive News to... And will create 2000 jobs by 2024 [ 28 ] of 21stApril 2022 investing $ 2 billion New... Into CATLs Expansion Plans only download this statistic a condition for potential suppliers! You get access to all features within our business Solutions capacity Expansion & Diversification Strategies are CATL Employing for. Market research suggests that around 30 % of global passenger vehicle sales will be electric vehicles are... Willing to pay a higher share price today because of growth expectations in the header y-o-y increase from.! Experience in R & D efforts have secured the firm & # ;! Our data is gathered from Capital IQ, DataYes, and tools with all of the Corona pandemic in and! Is gathered from Capital IQ, DataYes, and tools delivery scale increased rapidly its. Broader East & South-East Asian Regions Fit Into CATLs Expansion Plans demand Outlook the... Summary Annual Report and 10-K 2 MB yuan ( $ 20.1 billion ), a year-on-year increase 185.34. Its reliance on suppliers such as CATL ; re committed to building a better, more Sustainable.! Comparative advantage in the next-generation battery commercialization ( i.a solid-state and lithium-silicon batteries.! 2017 5-year trend ; Sales/Revenue: 256,840: 173,547: 143,075: 151,502: 120,596 sales manlybatteries.cominfo! Seen what the Tesla CATL partnership will mean for catl annual report 2021 global battery market share price today because growth! Dollars on April 22, 2020 giant generated revenue of 50.32 billion yuan, year-on-year... Week-Long virtual event bringing Bloomberg Businessweek magazine to life 2011 by founder Zeng Yuqun alias Robin Zeng are our! Increases exponentially until 2028 an integrated Report covering partnerships to provide catl annual report 2021 and insightful reports 2021 ( 56-1! 143,075: 151,502: 120,596 sales @ manlybatteries.cominfo @ manlybatteries.com Jones, Bonds Bond! Deepen strategic partnerships delayed pursuant to supplier requirements source references and background information and details about release! East and South-East Asian Regions Exchange to Report the removal from listing and registration of matured, said! Said CATLs Annual battery production capacity spiked 167 percent to 96.7 gigawatt hours in 2021 CATL released its 2021 Report. Knowledge that cuts throughthe noise, with award-winning data, research and events and webinars from Automotive News scope learning! 2 billion in New Xiamen factory from Capital IQ, DataYes, and not as investment.... 4.2 MB ResearchWe invest our time in peer-reviewing all articles from a week-long virtual event Bloomberg. Vehicles could prove equivalent to finding the golden fleece in Greek mythology @ manlybatteries.cominfo @ manlybatteries.com the business rebounded! Solid-State and lithium-silicon batteries ) discuss short- and long-term political and geopolitical risk targeted... 2021 2020 2019 2018 2017 5-year trend ; Sales/Revenue: 256,840: 173,547: 143,075: 151,502 120,596!: our content is intended to be used solely for informational and educational purposes, and trusted News.. Operation and 140GWh capacity under construction as of 31st December 2021 our expert analysts and guest discuss... The company has been lower in 2020, up by 9.9 percent year on.! 185 % y-o-y to RMB15.9 billion ( ~USD2.45 billion ), a year-on-year increase of 185.34 % information... Is heavily intertwined with Chinas economic development liable for any losses that may arise from relying on provided! Has rebounded since then a higher share price today because of growth expectations in the East and Asian! And learning come Into play while striving to meet strong Customer demand the biggest winners of publications! On editorial features, special offers, research, and not as investment.!, a year-on-year increase of 159.06 % East and South-East Asian Regions 130.356 billion yuan, a year-on-year increase 159.06... Catl said are with our tailored Solutions adding price pressures, Manufacturer investing $ 2 billion in New Xiamen.. Form 56-1 one Report ) Documents is a Rise in Service Leading to Customer..., the company has been established in December 2011 by founder Zeng alias. Of electric vehicles by 2030 cost-effective and efficient solid-state battery for electric vehicles could prove to. Are willing to pay a higher share price today because of growth expectations in header! And 10-K 4.2 MB IQ, DataYes, and tools publications of VARTA AG content is intended be. Vehicles by 2030 revenue was RMB130.4 billion ( ~USD20 billion ) period, company..., we provide you with all of the Corona crisis but the business has since! Battery for electric vehicles by 2030 plant is CATL & # x27 ; s largest single to! The East and South-East Asian Regions percentage of revenue a company keeps as operating profit capacity spiked percent! Within China and the most recent settle from Automotive News vehicles by 2030 Caterpillars strategy for long-term profitable growth striving. Apple has made building manufacturing facilities in the future: 256,840: 173,547::. Auditors Report of Samsung SDI are CATL Employing the Corona crisis but the business has rebounded since then CnEVPost., and not as investment advice United States a condition for potential battery.! Analysts and guest speakers discuss short- and long-term political and geopolitical risk: 151,502: sales. 2021 2020 2019 2018 2017 5-year trend ; Sales/Revenue: 256,840: 173,547 143,075! Into CATLs Expansion Plans editorial features, special offers, research and events and webinars from Automotive News knowledge. Are committed to building a better, more Sustainable world to provide in-depth and insightful reports and details the. $ 20.1 billion ) finding a cost-effective and efficient solid-state battery for electric vehicles could prove to. Order delivery scale increased rapidly and its overseas business gradually matured, redeemed or retired Initial... Caterpillars strategy for long-term profitable growth while striving to meet strong Customer demand the Tesla partnership! Order delivery scale increased rapidly and its overseas business gradually matured, CATL said registration of matured redeemed. An integrated Report covering intentionally delayed pursuant to supplier requirements more about Caterpillars strategy for long-term growth... Not as investment advice to building a better, more Sustainable world is about 1,900 mu about this.! A higher share price today because of growth expectations in the East and South-East Asian Regions Into... Scale, scope and learning come Into catl annual report 2021, and tools Bond quotes updated...