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 % 22.6% . 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. [5] Meritor 2020 Summary Annual Report and 10-K 2 MB. Thanks to Chinas robust demand and CATLs expanding market share, in 2019 and 2020, the companys revenue and net profit maintained high growth, with CAGRs of 73% and 66%, respectively. Provides financial information as auditors report of Samsung SDI. November 2022 PDF (157.66 KB) What Supply Chain Capacity Expansion & Diversification Strategies Are CATL Employing? We invest our time in peer-reviewing all articles from a bottom-up and top-down approach. For more information, see ourPrivacy Policy. As Apple plans the production of battery packs on US soil, it is looking for partners that can supply battery pack components. This report was approved on July 23, 2021. Panasonic Corporation today reported its consolidated financial results for fiscal 2021, the year ended March 31, 2021. According to the company, in 2021, its market penetration rate in the fields of new energy vehicles and . Political tension could worsen between China and the Western world, Although Biden is in the White House now as the President of the United States of America, the relationship between the two superpowers remains delicate and new American sanctions have the potential to seriously hurt multinational companies such as CATL. 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. CATLs sales to Tesla were RMB13 billion (~USD2 billion), accounting for 10% of CATLs total revenue in 2021. In August 2021, reports emerged that CATL is considering acquiring a minority stake in the Chinese miner. The primary strategy appears to be to build capacity and resilience in their local market by expanding those regionalised supply chains. Profit from the additional features of your individual account. It is a buy. April 28, 2021. 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. The first phase, which has now started, is said to have a capacity of 60 GWh per year. Tesla, Ford and VW have plans to manufacture their own batteries for electric vehicles. Source: FactSet. Lipper shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon. 48207-2997, Automotive News It remains to be seen what the Tesla CATL partnership will mean for the global battery market. 2018. Carol Massar and Tim Stenovec host a look back at the best interviews, discussions and more. News Corp is a global, diversified media and information services company focused on creating and distributing authoritative and engaging content and other products and services. 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%. 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. Our business helps customers build a better, more sustainable world through innovative products and services. 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. Know what you need but not surewhere to find it? 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. Automotive manufacturers could insource battery cell production. Jul. Resilient battery suppliers such as CATL, LG Chem and Yunnan Enjie will profit from these imminent shortages[10]. Current Chinese and EU politics impact the EV markets. Choose your news we will deliver. CATL didnt disclose additional details about its 2021 performance. CATLs battery pack prices continue to fall, albeit at a slower pace as in the preceding years. Highlights from a week-long virtual event bringing Bloomberg Businessweek magazine to life. 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. The gross profit for EV battery, energy storage battery, and battery material are 22%, 28.5%, and 25.1%, respectively. According to Bloomberg, this number is going to increase to 58% by 2040[3], [4]. Fitch Solutions Group Limited All rights reserved. More than 100 companies and R&D players are involved in solid-state battery development, but major issues in scalability remain due to high costs and limited capacities[18]. 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. With a market share of 32.6% in 2021, CATL is the biggest lithium-ion battery manufacturer for EVs in the world, producing 96.7 GWh of the global 296.8 GWh, up 167.5% year on year. FSG is an affiliate of Fitch Ratings Inc. ('Fitch Ratings'). All rights reserved. Rich Experience in R&D and production of more than 12 years! 1155 Gratiot Avenue Also, CATL has significantly improved bargaining power over downstream players since 2018. Notification filed by National Security Exchange to report the removal from listing and registration of matured, redeemed or retired securities Initial . Join the team. In 2020, CATL's Lithium-ion battery sales totaled 46.84GWh, up 14.36% Y-o-Y. 86 379 68658030. Tesla will be manufacturing battery cells along with electric vehicles at its planned German factory in Grnheide near Berlin. 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. This cooperation with Apple offers great potential for CATL to secure future growth and integrate themselves long term within the US market[11]. On Thursday, Chinese battery giant CATL released its 2021 annual report. Our team offers customer-focused services and technology. 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. For the EV market leader, the production of battery cells is relatively easy, but scaling production of battery cells is very hard. (2021). 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. 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. Get to know the business behind theproducts. 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. CATL has 170GWh capacity in operation and 140GWh capacity under construction as of 31st December 2021. In Indonesia, CATL is planning to invest over USD5.0bn in the exploration of lithium and nickel projects. Annual report 2020. 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]. A Market Level Approach to Understanding the Potential for Sustainable Evolution. CATL, LG Energy Solution Dominate Global EV Battery Landscape, Global EV Battery Manufacturers - Market Share (5M21), %, Source: Adamas Intelligence, Fitch Solutions, Europe, China & The US TO Dominate Global EV Sales, Global - EV Sales By Market, % ave (2021-2030). The research and development of solid-state batteries are being pursued by a multitude of players in the world. Have an opinion about this story? Panasonic positions its Annual Report as an integrated report covering . Caterpillar is committed to ensuring our workplace is diverse and representative of the many customers we serve around the globe. 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. CATLs upstream supply chain is heavily anchored within China and the firms growth is heavily intertwined with Chinas economic development. Copyright 2022 Rho Motion. FCF Deficit, Strong Balance Sheet: We expects neutral to negative FCF generation, with CATL's balance sheet buffer helping it to retain modest leverage. Magna to purchase a commercial fleet of 15 vehicles which we will deliver in December 2022. Enclosure: Annual Report 2021 (Form 56-1 One Report) Documents. Then you can access your favorite statistics via the star in the header. Though, it is not clear what capabilities Apple can and will actually insource. NIO's move is aimed at reducing its reliance on suppliers such as CATL . 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. 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. If you are an admin, please authenticate by logging in again. 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