catl annual report 2021

Sources: FactSet, Dow Jones, Stock Movers: Gainers, decliners and most actives market activity tables are a combination of NYSE, Nasdaq, NYSE American and NYSE Arca listings. CATL Might Build a Factory in Mexico, Report Says. During the reporting period, the company's overseas order delivery scale increased rapidly and its overseas business gradually matured, CATL said. 2020. 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]. 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. 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. Reports indicate that CATL is seeking to capitalise on opportunities to build supply chain resilience in the East and South-East Asian regions. CATL has a very high P/E ratio compared to its direct competitors. 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. All rights reserved. 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 . 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. FUZHOU - Contemporary Amperex Technology Co Ltd (CATL), China's largest automotive lithium-ion battery maker, posted strong profit growth in 2020 despite the COVID-19 pandemic. Stock and Corporate . Access to this and all other statistics on 80,000 topics from, Show sources information This indicates that CATL has had steady growth over the last years and this growth has remained steady throughout Q1 2021. 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. one part. The net profit rose by 185% y-o-y to RMB15.9 billion (~USD2.45 billion). Browse over 2,000 research reportsat the Fitch Solutions Store. In 2020, despite the COVID-19 epidemic, CATL still achieved above industry average operating revenue and net profit. Will solid-state batteries disrupt the battery industry? Notification filed by National Security Exchange to report the removal from listing and registration of matured, redeemed or retired securities Initial . 4. This is evidenced by the lack of detail released on the specifics of CATLs sodium-ion battery, which it unveiled as ready for industrialisation at its Tech Zone event in July 2021. 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. Year Quarterly Reports Annual Documents; 2022: Q1 Q2 Q3 Q4: Financial Report: AIF: MPC: 2021: Q1 Q2 Q3 Q4: Financial Report Sustainability Report: AIF: MPC: 2020: Q1 Q2 Q3 Q4: Financial Report Sustainability . Specifics on cathode chemistry are not often readily available. 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 . Statement of Changes in Beneficial Ownership. Data may be intentionally delayed pursuant to supplier requirements. Financial Information. Date Filing Type Filing Description Download / View. Delphi Automotive PLC is a high-technology company that integrates safer, greener and more connected solutions for the automotive sector. Annual report 2020. Based in Gillingham, England. A commercially viable solid state-battery technology could disrupt the battery industry. CATL has strong liquidity. 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. A cooperation with Nio extends CATLs business operations downstream. As a Premium user you get access to background information and details about the release of this statistic. "Catl's Revenue from 2015 to 2020 (in Billion Chinese Yuan). ISSN 0005-1551 (print) In, Website (Gasgoo China Automotive News). Nickel prices have rallied over the past year and competition over secure, long-term supply becomes increasingly fierce. Solera | DealerSocket: Four real-time integrations that can save your dealership time, Solera | DealerSocket: Time for a new pre-owned pricing tactic, Kerrigan Advisors: Blue Sky Update Q4 2021, Qualcomm: Trading multi-year design cycles for on-demand features and experiences, Twitter: EV adoption is happeningin an unexpected place. 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. Discover how we canmeet your requirements. The major companies in the market are Panasonic Corporation, LG Chem Ltd, Contemporary Amperex Technology Co. Ltd, Samsung SDI Co. Ltd, and BYD Co. Ltd. Supply Chain partner Tesla will be multisourcing LFP battery packs. 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. Then you can access your favorite statistics via the star in the header. The ROE measures the profitability of a business in relation to its equity. Caterpillars governance structure provides leadership, accountability, and transparency to the management of the company. 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. CINCINNATI, May 05, 2021 (GLOBE NEWSWIRE) -- Workhorse Group Inc. (NASDAQ: WKHS) ("Workhorse" or "the Company"), an American technology company focused on providing sustainable and cost-effective drone-integrated electric vehicles to the last mile delivery sector, announced today that it has entered . We meet customers where they are with our tailored solutions. 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. Copyright 2021 Fitch Solutions Group Limited. Visit website. 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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. Source: FactSet. 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. 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. 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. Enclosure: Annual Report 2021 (Form 56-1 One Report) Documents. In total, we have over 20 sources to cross-verify. Still, the manufacturer scrapped its dividend and reported weaker profitability at its key power battery systems division as it warned of surging raw-materials costs. 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. According to CATL's H1 2021 financial announcement: - Revenue rose by 134.1%, reaching CNY 44.1 billion. Construction, mining, energy and rail. 1 in terms of market share of drive batteries for automobiles, with a 52% share of the market in China and 33% globally. Annual Reports and Form 56-1. Who We Are What We Do Sustainability Corporate Governance . The best of the best: the portal for top lists & rankings: Strategy and business building for the data-driven economy: Industry-specific and extensively researched technical data (partially from exclusive partnerships). High quality-No complaint! In terms of energy storage batteries, CATL cooperates with State Grid, China Southern Power Grid, domestic "big five and four small" power generation companies including Huaneng Group, Datang Group, and SDIC Power, as well as wind and solar energy such as JinkoSolar and Risen Energy. 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. Finding a cost-effective and efficient solid-state battery for electric vehicles could prove equivalent to finding the golden fleece in Greek mythology. Currently, you are using a shared account. The company has great future potential as worldwide battery demand is increasing at an exponential rate and it is well-positioned within the supply chain network of major global car manufacturers. 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. In-depth ResearchWe invest our time in peer-reviewing all articles from a bottom-up and top-down approach. Our expert analysts and guest speakers discuss short- and long-term political and geopolitical risk. Download 2021 Annual Report Download PDF Sustainability We're committed to building a better, more sustainable world. 11,30% is a very respectable ROE for the industry. Keith Bradsher/The New York. FSG is solely responsible for the content of this report, without any input from Fitch Ratings. The Chinese Metaverse is Coming (and Creating Chinas $440 Billion Bet on Nuclear Energy. In addition, cash inflows are much higher than net profit. Show publisher information Subsequently, the stock price of Ningde era corrected. Panasonic Holdings Corporation. 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 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. 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 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 . Annual Report 2021 (short HTML version) Explore the interactive version of the annual report . 25-NSE. CATLs net margin of 11,1% is excellent. Looking for information on your own credit? 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. Please select at least one newsletter to subscribe. 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. 86 379 68658030. CATL is strengthening its market position by becoming a supplier of lithium iron phosphate batteries for TESLA. Find the company's financial performance, revenue, and more. CATLs battery pack prices continue to fall, albeit at a slower pace as in the preceding years. This report was approved on July 23, 2021. The gigafactory will boast a capacity of 100 GWh[22]. But one has to put the insourcing ambitions of original equipment manufacturers into perspective. 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. According to CATL 's latest financial reports the company's current revenue (TTM) is $39.87 B . CSI/CATL's lithium battery packs power over 330,000 commercial electric vehicles. In total, we have over 20 sources to cross-verify. 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 shares have risen some 18% this year as sales soar. While it might seem that we are not confronted with the metaverse Auto-generated video transcript: 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]. 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. The News Building3 London Bridge StreetLondon SE1 9SG. However, the gross profit margin of the power battery system was 22.00%, a decrease of 4.56 percentage points from the same period last year. 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. 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. In 2020, CATL's revenue totaled around 50 billion Chinese yuan. 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. 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. 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. CATLs cash flow can cover capex; cash on hand continues rising[32]. Commercial electric vehicles to put the insourcing ambitions of original equipment manufacturers perspective! Matured, redeemed or retired securities Initial the header China / Fri 12 Nov, 2021 and profit. Measures the profitability of a business in relation to its direct competitors higher than net profit rose 134.1. ( in billion Chinese Yuan ) of 100 GWh [ 22 ] catls business operations downstream billion ( billion! Or retired securities Initial equipment manufacturers into perspective pace as in the header / Fri 12 Nov,.! The ROE measures the profitability of a business in relation to its direct.... Pursuant to supplier requirements enclosure: annual Report 2021 ( Form 56-1 One Report ).. 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