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. Sources: FactSet, Dow Jones, Bonds: Bond quotes are updated in real-time. - The company's main products include power battery systems, energy storage systems and lithium battery materials. Join the team. The average price of CATLs electric vehicle battery pack fell to 30.7 USD/kWh in 2020, with a reduction of 8.6% year to year, 12,9% short of the 2019 year to year price decrease. 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. Annual Reports Meritor 2021 Summary Annual Report and 10-K 5.3 MB. The electric vehicle battery market is moderately fragmented. 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. 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. However, while. 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. ChineseAlpha is not liable for any losses that may arise from relying on information provided. Our teams are dedicated to connecting you with what you need, quickly, efficiently, and professionally. 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. Panasonic Holdings Corporation. Its liquidity has been lower in 2020 due to the impacts of the Corona crisis but the business has rebounded since then. Heres what you need to know. 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]. CATLs sales to Tesla were RMB13 billion (~USD2 billion), accounting for 10% of CATLs total revenue in 2021. Specifics on cathode chemistry are not often readily available. 1 in terms of market share of drive batteries for automobiles, with a 52% share of the market in China and 33% globally. Source: FactSet. Enclosure: Annual Report 2021 (Form 56-1 One Report) Documents. (2021). Outstanding Services, Customer-Focused Team. 2019. 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. Financial Highlights 2020 Revenue 61 (MUSD) 46 29. It remains to be seen what the Tesla CATL partnership will mean for the global battery market. Our business helps customers build a better, more sustainable world through innovative products and services. 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. 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. 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 % Cryptocurrencies: Cryptocurrency quotes are updated in real-time. 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. . We disclose our all sources as we are committed to full transparency. 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]. Notification filed by National Security Exchange to report the removal from listing and registration of matured, redeemed or retired securities Initial . 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. Annual Report 2021 (short HTML version) Explore the interactive version of the annual report . Automotive manufacturers could insource battery cell production. 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. 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. Advanced automatic production line! Magna to purchase a commercial fleet of 15 vehicles which we will deliver in December 2022. 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. Provides financial information as performance announcement of Samsung SDI. 2019. 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 . 48207-2997, Automotive News In 2021 the EV sales growth rate is being hampered by the consequences of the Corona pandemic. 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. CATLs cash flow can cover capex; cash on hand continues rising[32]. This report from Fitch Solutions Country Risk & Industry Research is a product of Fitch Solutions Group Ltd, UK Company registration number 08789939 ('FSG'). As soon as this statistic is updated, you will immediately be notified via e-mail. To use individual functions (e.g., mark statistics as favourites, set CATL is strengthening its market position by becoming a supplier of lithium iron phosphate batteries for TESLA. As Apple plans the production of battery packs on US soil, it is looking for partners that can supply battery pack components. The Fuding plant is CATL's largest single project to date. 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. 86 379 68658030. Jul. 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 . Finding a cost-effective and efficient solid-state battery for electric vehicles could prove equivalent to finding the golden fleece in Greek mythology. Annual Reports and Form 56-1. Who We Are What We Do Sustainability Corporate Governance . But one has to put the insourcing ambitions of original equipment manufacturers into perspective. Appreciation for the brand extends far beyond those who use our equipment. Corvus Energy. Change value during the period between open outcry settle and the commencement of the next day's trading is calculated as the difference between the last trade and the prior day's settle. The total investment of the project will not exceed 13 billion yuan. 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. 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. Please do not hesitate to contact me. Meritor 2018 Summary Annual Report and 10-K 2.4 MB. 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]. In the past years the concept of the metaverse has become increasingly prevalent. We expect worldwide EV sales to fall between 4 million and 4.3 million cars for this year. CATLs battery pack prices continue to fall, albeit at a slower pace as in the preceding years. EBITDA development 1 (MUSD)-4-13 2018. On Thursday, Chinese battery giant CATL released its 2021 annual report. Currently, you are using a shared account. 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. Browse over 2,000 research reportsat the Fitch Solutions Store. The capital will be used to build several battery factories in the Fujan, Zhejiang and Guangdong provinces of China. NIO's move is aimed at reducing its reliance on suppliers such as CATL . 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. Meet some of our key peopleand explore our credentials. The Chinese battery manufacturers CATL and BYD are being considered as potential partners. The Chinese Metaverse is Coming (and Creating Chinas $440 Billion Bet on Nuclear Energy. CATL, whose clients also include Volkswagen (VOWG_p.DE), General Motors (GM.N), BMW (BMWG.DE) and Daimler (DAIGn.DE) as well as Chinese. 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. to incorporate the statistic into your presentation at any time. The industries we serve are essential in our modern world. 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). 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. 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 . Check out these reports. OEM&ODM custom services! Explore knowledge that cuts throughthe noise, with award-winning data,research, and tools. About Panasonic Group . This cooperation with Apple offers great potential for CATL to secure future growth and integrate themselves long term within the US market[11]. View SEDAR filings. 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. 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]. Website (Gasgoo China Automotive News). 300750.CN | Contemporary Amperex Technology Co. Ltd. Fiscal year is January-December. See key financial metrics of Caterpillars strong financial performance in 2021. Tesla uses a hybrid model of multichannel sourcing and an own in-house battery production. CATL holds significant and long-term battery supply contracts with major auto OEMs, including BMW, Daimler, PSA and VW. Copyright FactSet Research Systems Inc. All rights reserved. 11,30% is a very respectable ROE for the industry. Please create an employee account to be able to mark statistics as favorites. Statista. 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 net profit rose by 185% y-o-y to RMB15.9 billion (~USD2.45 billion). Why Chinese tech Giants are embracing the Metaverse despite state media warnings. Read corporate press releases and news announcements distributed by Caterpillar Inc. Our leaders are committed to supporting customers and driving profitable growth. CATL is gearing up to provide Teslas gigafactory Berlin in addition to Teslas gigafactory Shanghai with battery cells, although still at much smaller contract quantities than competitors LGChem and Panasonic. Haig Partners: How are dealerships being valued today? Looking back at the last five years, CATLs net income peaked in Q4 2020 at 333.97 million USD. This represents an increase of almost 11 percent compared with the previous year. New strategic partnerships are in the CATLs pipeline. Sign up and get the best of Automotive News delivered straight to your email inbox, free of charge. ISSN 2576-1064 (print) 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. CATL released its 2021 annual report on the evening of 21stApril 2022. Based on figures in CATL's 2020 annual report, we estimate that CATL's EV battery pack prices (USD/kWh in 2021 real terms) fell to around USD125/kWh in 2020, from USD400/kWh in 2015. Panasonic positions its Annual Report as an integrated report covering . Meritor 2020 Summary Annual Report and 10-K 2 MB. 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. 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. On April 21, the lowest share price of CATL was 398.90 yuan per share, the lowest since June last year. Subsequently, the stock price of Ningde era corrected. 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 . 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]. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. Find the company's financial performance, revenue, and more. Our latest articles and views onindustries, regions, and topics. Understand Caterpillar at a glance through resources including our Caterpillar fact sheet, our corporate profile, and more. 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 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. Visit website. Change value during other periods is calculated as the difference between the last trade and the most recent settle. 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). 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. 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. CATL has already commenced production of its first overseas factory in central Germany. That sounds like all the Chinese tech Giants are going Key Points 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]. Annual report 2020. 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]. 1155 Gratiot Avenue 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. Challenges including high capital expenditure (capex) and environmental impact may slow down or even impede new nickel purification processes[8]. CATL has strong liquidity. FSG is solely responsible for the content of this report, without any input from Fitch Ratings. Investors expect CATL to thrive in the future market. The News Building3 London Bridge StreetLondon SE1 9SG. CATL released its 2021 annual report on the evening of 21st April 2022. Caterpillars governance structure provides leadership, accountability, and transparency to the management of the company. 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