Annual report 2020. You can only download this statistic as a Premium user. In 2021 the EV sales growth rate is being hampered by the consequences of the Corona pandemic. Download 2021 Annual Report Download PDF Sustainability We're committed to building a better, more sustainable world. 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 . Source: FactSet, Markets Diary: Data on U.S. Overview page represent trading in all U.S. markets and updates until 8 p.m. See Closing Diaries table for 4 p.m. closing data. 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. CMOCgroup Here's what Bloomberg had to report on the topic: Investors are looking to Rivian as a potential challenger to market leader Tesla Inc. We expect worldwide EV sales to fall between 4 million and 4.3 million cars for this year. Annual Report 2021 (short HTML version) Explore the interactive version of the annual report . One can expect that the number of electric vehicles that are sold per year increases exponentially until 2028. Meritor 2018 Summary Annual Report and 10-K 2.4 MB. 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. 4. 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. 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]. Phate is the founder and main author of CnEVPost. 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 didnt disclose additional details about its 2021 performance. 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]. In total, CATL reports production capacity of 69.1 GWh for 2020 (74.8% utilized) with an additional 77.5 GWh under construction. 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. 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. Accessed March 01, 2023. https://www.statista.com/statistics/875511/revenue-of-catl/. 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%. Answers include investor information. CATLs sales to Tesla were RMB13 billion (~USD2 billion), accounting for 10% of CATLs total revenue in 2021. 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. Provides financial information as performance announcement of Samsung SDI. Thank you for registering. 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. Financial Highlights 2020 Revenue 61 (MUSD) 46 29. Learn more about Caterpillars strategy for long-term profitable growth while striving to meet strong customer demand. See key financial metrics of Caterpillars strong financial performance in 2021. Will solid-state batteries disrupt the battery industry? CATL is the world's largest EV battery manufacturer. 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]. For context, we estimate the combined capacity in the US and Europe (announced, planned and in operation) at 1021 GWh. 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. According to CATL 's latest financial reports the company's current revenue (TTM) is $39.87 B . JM&A Group, Easycare, Assurant: Unlocking new opportunities in F&I with digital retailing, Kerrigan Advisors: Interview with Baxter Auto Group, Kerrigan Advisors: Interview with Hitchcock Automotive, OEC: How to understand what customers are saying when theyre not saying it, PACE: Electrification Technology: Once the supply chain gets over the shock, EVs offer opportunities, Pace Program Navigating advanced driver-assistance systems, Phone Ninjas: 5 Reasons you need to use phone scripts for your dealership, REYNOLDS & REYNOLDS: Creating great retail customer experiences, REYNOLDS AND REYNOLDS: Are you ready for the FTC Safeguard Rule changes? Adamas Intelligence reports that CATL's share in 2021 was 30.7% in the xEVs (BEVs, PHEVs, HEVs) passenger car segment. View SEDAR filings. Panasonic Holdings Corporation. Fiscal year is January-December. The company added that its operating cost between January and June 2022 . Statement of Changes in Beneficial Ownership. Insight and analysis of top stories from our award winning magazine "Bloomberg Businessweek". 86 379 68658030. It is a buy. For more information, see ourPrivacy Policy. As a Premium user you get access to the detailed source references and background information about this statistic. Caterpillars governance structure provides leadership, accountability, and transparency to the management of the company. Details of Directors, Executive, Controlling Person, Person in charge of Finance and Accounting, Head of Controller and Company Secretary . Tesla will be manufacturing battery cells along with electric vehicles at its planned German factory in Grnheide near Berlin. 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. Use Ask Statista Research Service. In the last years, CATLs cash flow has fully covered capex. 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. 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]. Keith Bradsher/The New York. Based in Gillingham, England. Click here for Cat Financial SEC Filings. Cryptocurrencies: Cryptocurrency quotes are updated in real-time. 2021 2020 2019; Net Operating Cash: $6,712 $2,883 $2,107 Net Investing Cash-$8,412 -$2,355 $290 . Current Chinese and EU politics impact the EV markets. By using our website or by closing this message box, you agree to our use of browser capability checks, and to our use of cookies as described in our Cookie Policy. (April 28, 2021). 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. CATLs extensive change in operating expenses is mainly driven by interest income and expenses. 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. 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. As a result, we expect annual capex of CNY20 billion-45 billion in 2021-2024. Your download link will be emailed to you shortly. Browse over 2,000 research reportsat the Fitch Solutions Store. However, while. EVE Energy is only a minor player with a moderate production capacity, but CATL will need to continuously compete on price and projects with the other Chinese player. "Catl's Revenue from 2015 to 2020 (in Billion Chinese Yuan). 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]. The firm enjoys strong improvements in turnover ratio, rapid growth in cash on hand, and a healthy asset structure. 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]. 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. On the other hand, energy storage has become the fastest growing business segment in CATL. Find the company's financial performance, revenue, and more. Meritor 2020 Summary Annual Report and 10-K 2 MB. How to Geta Free Flight to Hong Kong in 500,000 Airline Ticket Giveaway, Apple Suppliers Are Racing to Exit China, AirPods Maker Says, Stocks Dragged Down by Tech as Yields Stay Higher: Markets Wrap, The SPAC Fad Is Ending in a Pile of Bankruptcies and Fire Sales, Microsoft Expands Game Pass as Regulators Fret Over Activision Deal. CATL released its 2021 annual report on the evening of 21st April 2022. 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. You need at least a Starter Account to use this feature. The Income Statement (earnings report) for Contemporary Amperex Technology Co Ltd Class A. Change value during other periods is calculated as the difference between the last trade and the most recent settle. In the US, the recently announced USD1.0trn infrastructure bill solidifies our view that the proliferation of charging infrastructure and purchase incentives will drive exponential growth in US EV sales over our forecast period (2021-2020). Apple has made building manufacturing facilities in the United States a condition for potential battery suppliers. To learn more about our EV and battery market analysis, complete our contact form and we'll be in touch shortly to discuss the best options for you and your business. Explore knowledge that cuts throughthe noise, with award-winning data,research, and tools. Nickel prices have rallied over the past year and competition over secure, long-term supply becomes increasingly fierce. If you are an admin, please authenticate by logging in again. 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. Chart. Visit website. Why Chinese tech Giants are embracing the Metaverse despite state media warnings. Its operating cash flow has been significantly higher than net profit since 2018. 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. CATLs total assets (cash, investments and everything that the business owns that can be liquidated into cash) have been steadily increasing over the last four years. 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. 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 . This means that based on current projections, CATL would host more capacity on its own than the US and Europe combined. cmoc_group. 86 379 68658029. There are big jobs to be done worldwide, and that work is powered by our people. Annual report 2020. Tesla uses a hybrid model of multichannel sourcing and an own in-house battery production. 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. 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. Discover how we canmeet your requirements. Stock and Corporate . CATL holds significant and long-term battery supply contracts with major auto OEMs, including BMW, Daimler, PSA and VW. Get full access to all features within our Business Solutions. 2021 2020 2019 2018 2017 5-year trend; Sales/Revenue: 256,840: 173,547: 143,075: 151,502: 120,596 You can unsubscribe at any time through links in these emails. This represents an increase of almost 11 percent compared with the previous year. Get 24/7 access to in-depth, authoritative coverage of the auto industry from a global team of reporters and editors covering the news thats vital to your business. Source: FactSet, Indexes: Index quotes may be real-time or delayed as per exchange requirements; refer to time stamps for information on any delays. 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. 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]. Carol Massar and Tim Stenovec host a look back at the best interviews, discussions and more. Fitch Solutions / Autos / China / Fri 12 Nov, 2021. What does the future have in store for China? CATLs improving bargaining power drives up the leverage ratio, boosting ROE. 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. BYD to take on Mercedes-Benz G-Class with 1st model of F brand, report says, China NEV insurance registrations for week ending Feb 26: BYD 39,473, Tesla 10,705, NIO 3,357, NIO has started construction of its battery plant phase 1, report says, NIO says F1 plant running normally after rumors of production halt swirl, NIO reports record Q4 revenue, but falls short of expectations, BYD posts 193,655 NEV sales in Feb, up 28% from Jan, NIO delivers 12,157 vehicles in Feb, up 43% from Jan, Zeekr delivers 5,455 vehicles in Feb, up 75% from Jan. 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). 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. Advanced automatic production line! 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, Website (Gasgoo China Automotive News). As a Premium user you get access to background information and details about the release of this statistic. . The net profit rose by 185% y-o-y to RMB15.9 billion (~USD2.45 billion). 2020-21 Annual Report The annual report contains information about the Programs and Services offered by the CATL team during 2020-2021, organized according to CATL's Objectives. These range from corporate news and ad hoc announcements to financial and quarterly reports as well as company presentations. 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. That sounds like all the Chinese tech Giants are going Key Points 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. Contact via: phate@cnevpost.com. A commercially viable solid state-battery technology could disrupt the battery industry. Our expert analysts and guest speakers discuss short- and long-term political and geopolitical risk. In China, policymakers were early to identify the auto market as a primary target for economic stimulus. Also with regards to Tesla, there is a silver lining for CATL and other battery manufacturers. 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. Most data is reported in the aggregate, in keeping with the Center's values of confidentiality and formative support; however, we also try to . Cat hats, boots, shoes, bags, models, phones, watches and so much more. 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 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. February 21, 2023. Rich Experience in R&D and production of more than 12 years! Our teams are dedicated to connecting you with what you need, quickly, efficiently, and professionally. CATLs net margin of 11,1% is excellent. Have an opinion about this story? 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 . What EV Battery Chemistries Does CATL Utilise? In total, we have over 20 sources to cross-verify. The primary strategy appears to be to build capacity and resilience in their local market by expanding those regionalised supply chains. 2019. CATLs upstream supply chain is heavily anchored within China and the firms growth is heavily intertwined with Chinas economic development. 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. CATL has 170GWh capacity in operation and 140GWh capacity under construction as of 31st December 2021. CSI/CATL's lithium battery packs power over 330,000 commercial electric vehicles. The company debuted on the stock exchange in June. CATL is bent on European expansion because it expects huge growth in the European electric vehicle market in response to the EUs tighter CO2 requirements for 2030. 1155 Gratiot Avenue Diversity & Inclusion Caterpillar is committed to ensuring our workplace is diverse and representative of the many customers we serve around the globe. 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]. Sources: FactSet, Tullett Prebon, Currencies: Currency quotes are updated in real-time. Supply chain bottlenecks in Nickel and Cobalt have already made it increasingly difficult to hold up with demand. 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. Thank you. CATL's sales to Tesla were RMB13 billion (~USD2 billion), accounting for 10% of CATL's total revenue in 2021. 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%. 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. The CATL gigafactory will have a production capacity of 24 GWh and will create 2000 jobs by 2024[28]. Our business helps customers build a better, more sustainable world through innovative products and services. 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. Annual Report. Heres the next step in their evolution, Champ: The history of titling and the cost of human error. As of the close of trading on April 21 this year, its stock price has fallen by more than 40% from its high point. Fundamental company data and analyst estimates provided by FactSet. 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 . 300750.CN | Contemporary Amperex Technology Co. Ltd. Show publisher information The News Building3 London Bridge StreetLondon SE1 9SG. 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. 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. What Supply Chain Capacity Expansion & Diversification Strategies Are CATL Employing? Resilient battery suppliers such as CATL, LG Chem and Yunnan Enjie will profit from these imminent shortages[10]. Annual Reports: No, Title, File, date of registration Table Annual Reports: Title, File Table; No Title File; 18: Annual Report (2021) 17: Annual Report (2020) 16: Annual Report (2019) 15: Annual Report (2018) 14: Annual Report (2017) 13: Annual Report (2016) 12: Annual Report (2015) 11: Annual Report (2014) 10: The battery pack price is continuing to fall as economies of scale, scope and learning come into play. November 2022 PDF (157.66 KB) During the reporting period, the company's overseas order delivery scale increased rapidly and its overseas business gradually matured, CATL said. (2021). Over 26 months, the planned land area of the project is about 1,900 mu. The central government encouraged cities to relax car permit quotas complemented by strengthening targeted New Energy Vehicle measures in 2020. Annual Reports. 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. 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 . 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. CATLs strategic vision is to utilize electrification and intelligentization to realize integrated innovation of market applications, utilize EV batteries to replace mobile fossil energy and utilize renewable energy generation and energy storage to replace stationary fossil energy[6]. Highlights from a week-long virtual event bringing Bloomberg Businessweek magazine to life. This cooperation with Apple offers great potential for CATL to secure future growth and integrate themselves long term within the US market[11]. ISSN 1557-7686 (online), Fixed Ops Journal What Is CATLs Existing Capacity Outlook? The. Jul. 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. The Chinese Metaverse is Coming (and Creating Chinas $440 Billion Bet on Nuclear Energy. Operating margin measures the percentage of revenue a company keeps as operating profit. Consumer demand remains strong. This indicates that CATL has had steady growth over the last years and this growth has remained steady throughout Q1 2021. Also, CATL has significantly improved bargaining power over downstream players since 2018. Outstanding Services, Customer-Focused Team. Our team offers customer-focused services and technology. 603993@cmoc.com. Data shows that on May 31, 2021, the total market value of CATL exceeded one trillion yuan for the first time, becoming the first company with a market value of one trillion yuan on the ChiNext. CATL has a very high P/E ratio compared to its direct competitors. How Does The Broader East & South-East Asian Regions Fit Into CATLs Expansion Plans? The firm's net profit was 15.931 billion yuan, a year-on-year increase of 185.34%. 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. CATLs battery pack prices continue to fall, albeit at a slower pace as in the preceding years. Firm & # x27 ; re committed to building a better, more sustainable world innovative... Already made it increasingly difficult to hold up with demand in Store for China rate is hampered... Amperex Technology Co. Ltd. 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