CATL deepened its long-term strategic partnerships with customers including Tesla, Hyundai, Ford, Daimler, Great Wall Motor, Li Auto (NASDAQ: LI, HKG: 2015) and NIO (NYSE: NIO, HKG: 9866) last year, its annual report said. CATL has recently made considerable investments to extend its supply chain control and secure raw material supply. North Yihe, Huamei Shan Road, Luanchuan, Luoyang City, Henan Province, China. 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]. Join the team. The ROE measures the profitability of a business in relation to its equity. 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. 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 % A paid subscription is required for full access. CATL's 2020 annual report was released on 28 April and depicted its yearly revenue increased 9.90% Y-o-Y to RMB50.32Bn (US$7.77Bn); the company posted a 22.43% Y-o-Y increase in net profit to. Copyright FactSet Research Systems Inc. All rights reserved. In addition, there are further branches in Shanghai, Jiangsu, Qinghai, Foshan, as well as overseas branches in Munich, Paris, the USA and Japan[7]. FSG is solely responsible for the content of this report, without any input from Fitch Ratings. 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CATLs upstream supply chain is heavily anchored within China and the firms growth is heavily intertwined with Chinas economic development. Compared to previous years, its net income decreased in 2018 by 10.9% and increased in 2017 by 43.7%, in 2019 by 34.2% and in 2020 by 21.8%. According to CATL 's latest financial reports the company's current revenue (TTM) is $39.87 B . Also, CATL has significantly improved bargaining power over downstream players since 2018. Our teams are dedicated to connecting you with what you need, quickly, efficiently, and professionally. Corvus Energy. 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. ", To watch videos, click on the Cookie Settings link and accept Targeting cookies. For more information, see ourPrivacy Policy. (2021). Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. Its shares have risen some 18% this year as sales soar. View SEDAR filings. Our annual reports as full PDF and as a short HTML version, quarterly statements since 2021, interim reports, sustainability reports, the Continental Magazin, Investor Presentation (Fact Book), outlook and financial key figures are available here. CATLs cash flow can cover capex; cash on hand continues rising[32]. 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. 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. 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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. Details of Directors, Executive, Controlling Person, Person in charge of Finance and Accounting, Head of Controller and Company Secretary . CATL is tendered to supply critical parts for APPLEs planned US battery production. 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. Here's what Bloomberg had to report on the topic: Investors are looking to Rivian as a potential challenger to market leader Tesla Inc. Download 2021 Annual Report Download PDF Sustainability We're committed to building a better, more sustainable world. Meet some of our key peopleand explore our credentials. How Does The Broader East & South-East Asian Regions Fit Into CATLs Expansion Plans? Corporate Governance. Why Chinese tech Giants are embracing the Metaverse despite state media warnings. Annual Income Statement - WSJ DJIA Futures 34028 0.27% U.S. 10 Yr 23/32 Yield 3.742% Euro 1.0723 0.12% Subscribe Sign In Contemporary. Currently, you are using a shared account. 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. That sounds like all the Chinese tech Giants are going Key Points 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. The figures for 2016 through 2017 were taken from this article released in June 2018. On Thursday, Chinese battery giant CATL released its 2021 annual report. The company held a net cash position of CNY34 billion in 1H21. CATL has a very high P/E ratio compared to its direct competitors. Phate is the founder and main author of CnEVPost. Construction, mining, energy and rail. Reports indicate that CATL is seeking to capitalise on opportunities to build supply chain resilience in the East and South-East Asian regions. Website (Gasgoo China Automotive News). In 2020, CATL's revenue totaled around 50 billion Chinese yuan. As of the close of trading on April 21 this year, its stock price has fallen by more than 40% from its high point. Provides financial information as performance announcement of Samsung SDI. Toyota has secured over 1000 patents involving solid-state batteries[19]. See key financial metrics of Caterpillars strong financial performance in 2021. The firm enjoys strong improvements in turnover ratio, rapid growth in cash on hand, and a healthy asset structure. Visit website. 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. Annual report 2020. Diversity & Inclusion Caterpillar is committed to ensuring our workplace is diverse and representative of the many customers we serve around the globe. 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. While it might seem that we are not confronted with the metaverse Auto-generated video transcript: We expect worldwide EV sales to fall between 4 million and 4.3 million cars for this year. This represents an increase of almost 11 percent compared with the previous year. 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 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. 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]. 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. Will solid-state batteries disrupt the battery industry? 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. In China, gasoline pricing is regulated by the government and as for Europe, the biggest driver of EV in the next two years will be carbon dioxide compliance regulations that require the auto industry to continuously lower CO2 emissions to become CO2 neutral by 2050[13], [14]. 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]. Haig: Buy-Sell Q&A: What is the value of an M&A advisor? Choose your news we will deliver. 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. 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Sources: CoinDesk (Bitcoin), Kraken (all other cryptocurrencies), Calendars and Economy: 'Actual' numbers are added to the table after economic reports are released. On April 21, the lowest share price of CATL was 398.90 yuan per share, the lowest since June last year. The. In total, we have over 20 sources to cross-verify. Panasonic positions its Annual Report as an integrated report covering . ISSN 0005-1551 (print) As of 2021, there is a huge battery cell supply shortage and with Teslas ambitions for long-range trucks, this shortage will continue into the future[27]. to incorporate the statistic into your presentation at any time. Cross-sections of electric vehicle batteries are displayed in the welcome center at the Contemporary Amperex Technology Co. headquarters building in Ningde, Fujian province, China. In Indonesia, CATL is planning to invest over USD5.0bn in the exploration of lithium and nickel projects. 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. What Is CATLs Existing Capacity Outlook? The total investment of the project will not exceed 13 billion yuan. CATL is the fastest-growing provider of EV batteries worldwide. On the other hand, energy storage has become the fastest growing business segment in CATL. 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. On this page, we provide you with all of the publications of VARTA AG. According to Bloomberg, this number is going to increase to 58% by 2040[3], [4]. As soon as this statistic is updated, you will immediately be notified via e-mail. 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. 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. As of the close on April 21, the share price of CATL was reported at 409.11 yuan per share, a slight increase of 0.52%, and the total market value was 953.575 billion yuan. Delphi Automotive PLC is a high-technology company that integrates safer, greener and more connected solutions for the automotive sector. Resilient battery suppliers such as CATL, LG Chem and Yunnan Enjie will profit from these imminent shortages[10]. 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. International stock quotes are delayed as per exchange requirements. In addition to robust battery demand in EV and energy storage markets, CATL attributed the profit growth to expanded battery cell production capacity and stringent cost controls. Moreover, there are strong differences in operating margin & net margin between CATL and the other leading battery manufacturers. Heres what you need to know. Q3 2022 operating results consistent with company expectations; full-year total spending guidance at the low end of the $715 million to $790 million range. Concentrix: How can customer data drive a better automotive CX? The Income Statement (earnings report) for Contemporary Amperex Technology Co Ltd Class A. Moreover, the company reports a yield of just 51.7%, emphasizing the need to maintain a high capacity-to-sales ratio going forward. 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]. 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. Calliditas Therapeutics Ab (CALT) 10K Annual Reports & 10Q SEC Filings Calliditas Therapeutics Ab (CALT) SEC Filing 20-F Annual Report for the fiscal year ending Friday, December 31, 2021 Home SEC Filings Calliditas Therapeutics Ab (CALT) 20-F Annual Report Wed Apr 27 2022 Notifications 6-K Foreign Issuer Report 6-K Foreign Issuer Report Asian Regions Fit Into catls Expansion Plans has secured over 1000 patents involving solid-state batteries 19. 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