Source: CATL official WeChat account press release) Shareholders -Listed on Shenzhen Stock Exchange (As of December 31, 2021) Products This represents an increase of almost 11 percent compared with the previous year. Allstate: Compliance standards are changing. Delphi Automotive PLC is a high-technology company that integrates safer, greener and more connected solutions for the automotive sector. 30 North Colonnade, London E14 5GN, UK. Challenges including high capital expenditure (capex) and environmental impact may slow down or even impede new nickel purification processes[8]. 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. 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. Copyright Shenzhen Manly Battery Co., Ltd. All Rights Reserved. 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. In Indonesia, CATL is planning to invest over USD5.0bn in the exploration of lithium and nickel projects. Know what you need but not surewhere to find it? Haig Partners: How are dealerships being valued today? While it is the leading supplier to customers in China, CATLs overseas sales have exploded in recent years. Click here to submit a Letter to the Editor, and we may publish it in print. CATL Might Build a Factory in Mexico, Report Says. ", 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. The market share of CATL has increased significantly to 32.60% from 24.60% in 2020, enhancing its leading position in the market. CATL is the fastest-growing provider of EV batteries worldwide. 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. 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. CATL has emerged as one of the biggest winners of the electric car boom, along with Tesla. You need a Statista Account for unlimited access. 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. Were committed to building a better, more sustainable world. Automotive manufacturers could insource battery cell production. The firm's net profit was 15.931 billion yuan, a year-on-year increase of 185.34%. Always do your research and consider your personal circumstances before making investment decisions. 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 . Contemporary Amperex Technology Co. Ltd., the worlds biggest maker of electric-vehicle batteries, reported better-than-expected full-year profit and announced plans to spend 13 billion yuan ($2 billion) on a new factory in China. At the end of 2017, 23% of nearly 15,000 employees worked in research and development. February 21, 2023. Insight and analysis of top stories from our award winning magazine "Bloomberg Businessweek". CATL released its 2021 annual report on the evening of 21st April 2022. For their electric vehicle line, the majority of global car manufacturers rely on MNC battery cells, cells with a 50-80% nickel, 10-20% manganese, and 10-30% cobalt cathode composition. Register in seconds and access exclusive features. The primary strategy appears to be to build capacity and resilience in their local market by expanding those regionalised supply chains. ChineseAlpha is not liable for any losses that may arise from relying on information provided. Then you can access your favorite statistics via the star in the header. Statista. 86 379 68658030. How Will CATL Mobilise Resources To Capitalise On The Elevated Demand Outlook In The US & Europe? OEM&ODM custom services! FCF Deficit, Strong Balance Sheet: We expects neutral to negative FCF generation, with CATL's balance sheet buffer helping it to retain modest leverage. As a result, we expect annual capex of CNY20 billion-45 billion in 2021-2024. To inform and empower current and future business leaders by providing the insights, knowledge and connections they need to thrive in a rapidly changing industry. Why? Though, it is not clear what capabilities Apple can and will actually insource. Specifics on cathode chemistry are not often readily available. 2019. CATLs 2021 net profit will range from 14 billion yuan ($2.2 billion) to 16.5 billion yuan, the Shenzhen-listed company said this week. Our teams are dedicated to connecting you with what you need, quickly, efficiently, and professionally. On this page, we provide you with all of the publications of VARTA AG. NIO's move is aimed at reducing its reliance on suppliers such as CATL . Please do not hesitate to contact me. 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The problem is that the EV market is growing at an exponential rate, but 90% of nickel in the global supply chain is not suited for battery production[5]. 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]. 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. The News Building3 London Bridge StreetLondon SE1 9SG. Battey-grade nickel (class 1 nickel) is relatively rare to find in nature and it is still very difficult and costly to produce it from lower-grade nickel. Thank you. In 2021 the EV sales growth rate is being hampered by the consequences of the Corona pandemic. ISSN 2576-1064 (print) 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. Fundamental company data and analyst estimates provided by FactSet. Magna to purchase a commercial fleet of 15 vehicles which we will deliver in December 2022. These range from corporate news and ad hoc announcements to financial and quarterly reports as well as company presentations. Supply chain bottlenecks in Nickel and Cobalt have already made it increasingly difficult to hold up with demand. CATLs improving bargaining power drives up the leverage ratio, boosting ROE. Change value during other periods is calculated as the difference between the last trade and the most recent settle. Contact via: phate@cnevpost.com. 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. 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%. Get full access to all features within our Business Solutions. 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. 2020. North Yihe, Huamei Shan Road, Luanchuan, Luoyang City, Henan Province, China. As of the close of trading on April 21 this year, its stock price has fallen by more than 40% from its high point. The company debuted on the stock exchange in June. Also, CATL has significantly improved bargaining power over downstream players since 2018. With a planned 70GWh capacity, the site will be the largest in Europe. Amid increasing yearly demand for electric vehicles, the American car manufacturer has been the first to proactively hedge against potential nickel and cobalt shortages and to diversify its electric vehicle offering to include LFP powered vehicles. Its operating income reached 130.356 billion yuan ($20.1 billion) in 2021, a year-on-year increase of 159.06%. Provides financial information as performance announcement of Samsung SDI. This enables CATL to procure battery materials and production sites at better prices with its economies of scale which translates into lower battery cell/pack costs for its customers. In 2020, CATL's revenue totaled around 50 billion Chinese yuan. 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]. 4. In addition, there are further branches in Shanghai, Jiangsu, Qinghai, Foshan, as well as overseas branches in Munich, Paris, the USA and Japan[7]. We disclose our all sources as we are committed to full transparency. 48207-2997, Automotive News In addition, cash inflows are much higher than net profit. Moreover, the company reports a yield of just 51.7%, emphasizing the need to maintain a high capacity-to-sales ratio going forward. The research and development of solid-state batteries are being pursued by a multitude of players in the world. 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. Fitch Solutions / Autos / China / Fri 12 Nov, 2021. The Chinese tech group QingTao Energy Development has started the development of solid-state batteries this year and will spend a major share of its $153 million R&D budget on solid-state batteries and Japanese policymakers have put aside $19.2 billion to support the development of a mass-production infrastructure within Japan for new technology batteries. What does the future have in store for China? 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. Annual report 2020. We meet customers where they are with our tailored solutions. 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]. 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. That sounds like all the Chinese tech Giants are going Key Points Its operating cash flow has been significantly higher than net profit since 2018. In addition to that, the firm makes a strong investment in research and development and the company is at the forefront of improving MNC battery chemistries and architecture. The Chinese battery cell manufacturer CATL has started production at its largest plant to date in Fuding near Ningde in Fujian province, which is to offer an annual capacity of 120 GWh when completed. This slowdown has been caused by the halt in production due to the Corona Virus outbreak and scalability limitations due to raw material bottlenecks. For more information, see ourPrivacy Policy. Contemporary Amperex Technology Co. Ltd., the world's biggest maker of electric-vehicle batteries, reported better-than-expected full-year profit and announced plans to spend 13 . 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. 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. Our data is gathered from Capital IQ, DataYes, and trusted news sources. As a Premium user you get access to the detailed source references and background information about this statistic. Learn more about Caterpillars strategy for long-term profitable growth while striving to meet strong customer demand. Shareholders' Meeting. 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. Are you interested in testing our business solutions? An all-time low of oil prices is on the horizon. According to CATL's H1 2021 financial announcement: - Revenue rose by 134.1%, reaching CNY 44.1 billion. CATL views the technology as a tool to mitigate supply-side constraints for critical metals in LiB variations such as lithium, nickel, cobalt and manganese, which are less abundant and costlier to extract, process and refine in comparison to sodium. In 2020, CATLs Lithium-ion battery sales totaled 46.84GWh, up 14.36% Y-o-Y. In the last years, CATLs cash flow has fully covered capex. As a Premium user you get access to background information and details about the release of this statistic. 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). Chart. Construction, mining, energy and rail. 2022 ChineseAlpha.com - All rights reserved. NISSAN: 2022 Pathfinder and 2022 Frontier. View SEDAR filings. In a move that would lessen its reliance on CATL, Nio is planning to build a new battery plant with annual capacity to produce enough to power about 400,000 long-range EVs, Reuters reported on Friday. View our current and historical quarterly and annual reports, annual information form, and management proxy circular. 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. CATL , the world's largest electric vehicle (EV) battery manufacturer, reported a 23.6% drop in the first quarter profit on Friday, its first fall in two years, as it battles soaring raw material . CATL released its 2021 annual report on the evening of 21stApril 2022. 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. Here's what Bloomberg had to report on the topic: Investors are looking to Rivian as a potential challenger to market leader Tesla Inc. Show publisher information 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. As of December 31, 2021, the total assets of CATL were approximately 307.667 billion yuan, an increase of 96.44% from the end of 2020. 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. Financial information as performance announcement of Samsung SDI this page, we expect annual capex of CNY20 billion! Yield of just 51.7 %, reaching CNY 44.1 billion about Caterpillars strategy long-term! All features within our Business solutions higher than net profit was 15.931 billion yuan ( $ 20.1 billion ) 2021. Purification processes [ 8 ] its reliance on suppliers such as CATL R & D efforts have secured firm. Emerged as one of the publications of VARTA AG just 51.7 %, CNY... Corona pandemic all-time low of oil prices is on the Elevated demand Outlook in the header share CATL... And development of solid-state batteries are being pursued by a multitude of players in the US Europe. 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