Its operating cash flow has been significantly higher than net profit since 2018. On the other hand, energy storage has become the fastest growing business segment in CATL. CSI/CATL's lithium battery packs power over 330,000 commercial electric vehicles. Expert analysis of opportunities and risks across emerging and frontier markets. 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]. - The company's main products include power battery systems, energy storage systems and lithium battery materials. In total, we have over 20 sources to cross-verify. "Catl's Revenue from 2015 to 2020 (in Billion Chinese Yuan). 2021 2020 2019; Net Operating Cash: $6,712 $2,883 $2,107 Net Investing Cash-$8,412 -$2,355 $290 . Cryptocurrencies: Cryptocurrency quotes are updated in real-time. Financial Information. Moreover, the firm has continued to collect more cash from customers than it has spent on expenses throughout the last years. Osaka, Japan - On January 19, 2022, Panasonic Corporation published the second part of its "Annual Report 2021" to complete the first part published in September 2021. "CATL's revenue from 2015 to 2020 (in billion Chinese yuan)." The Fuding plant is CATL's largest single project to date. As the biggest lithium-Ion battery producer in China, CATL is likely to fulfill a large part of Teslas new LFP battery demand, but not all. 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. The EU is looking to invest hundreds of millions of Euros in research, whilst financial support for establishing manufacturing plants is also on the table. The 2018 figure was published here and the 2019 was published here. 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. 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. 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. Challenges including high capital expenditure (capex) and environmental impact may slow down or even impede new nickel purification processes[8]. 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. 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]. Panasonic positions its Annual Report as an integrated report covering . Car Wars: Is a Rise in Service Leading to Poor Customer Satisfaction? - Net profit hit CNY 4.5 billion, representing a 131.5% growth. Know what you need but not surewhere to find it? Meritor 2017 Summary Annual Report and 10-K 4.2 MB. Year 2021 Semi Annual - Annual Download: Year 2020 Semi Annual - Annual Download: Year 2019 Semi Annual - Annual Download: Year 2018 Semi Annual - Annual . Net profit totaled 5.58 billion yuan (about 861 million U.S. dollars) last year, a year-on-year rise of 22.4 percent, CATL said in its annual report filed with the Shenzhen Stock Exchange. The research and development of solid-state batteries are being pursued by a multitude of players in the world. All rights reserved. Looking back at the last five years, CATLs net income peaked in Q4 2020 at 333.97 million USD. Sources: FactSet, Dow Jones, Bonds: Bond quotes are updated in real-time. Meritor 2019 Summary Annual Report and 10-K 4.3 MB. 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. 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]. 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. Provides financial information as performance announcement of Samsung SDI. Furthermore, CATL has no net debt. China produces 72% of the worlds lithium-ion battery cells today and if you want to take advantage of the massive electric vehicle revolution, it is critical to understand the Chinese market and its most prominent players in the industry, such as CATL. 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). 9th Annual B2B Report Webinar Register Now 9th Annual B2B Report Webinar. Annual Report. 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. Available: https://www.statista.com/statistics/875511/revenue-of-catl/, Available to download in PNG, PDF, XLS format, Forecast global electricity generation 2015-2050, Global investment in power generation 2017-2021, Global residential energy storage deployment 2020, by region, Power system flexibility capacity share worldwide 2021, by source, Capacity of lithium-ion batteries entering the market worldwide 2020-2030, Pumped hydro storage market value worldwide 2021-2028, Global battery energy storage market value 2021-2026, Thermal energy storage market value worldwide 2020-2026, Hydrogen energy storage market value worldwide 2021-2030, Global pure pumped storage capacity 2010-2021, Global electricity capacity from battery storage 2020-2050, Global thermal energy storage capacity 2019-2030, Global electrolyzer manufacturing capacity estimates 2022-2027, Global LDES cumulative installed capacity 2025-2040, Global investment in energy storage 2020, by region, Global grid battery storage investments 2015-2021, Global investment in long duration energy storage 2018-2021, Panasonic's sales revenue in Malaysia FY 2013-2022, PMMA's shareholder funds return rate FY 2015-2022, PMMA's gross dividends paid Malaysia FY 2015-2022, Panasonic's sales revenue China 2012-2016, PMMA's net dividends paid Malaysia FY 2015-2022, Market estimates for lithium-ion battery market 2020, PMMA's export revenue Malaysia FY 2015-2022, Predicted costs of lithium-ion batteries in PHEV by element 2012-2016, Panasonic's profit after tax in Malaysia FY 2013-2022, PMMA's earnings per share Malaysia FY 2015-2022, Panasonic's total assets in Malaysia FY 2013-2022, Lithium battert production cost structure 2015, Automotive lithium ion battery cell suppliers: global market share 2017, CATL's revenue from 2015 to 2020 (in billion Chinese yuan), Find your information in our database containing over 20,000 reports. 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. Have an opinion about this story? Apple has made building manufacturing facilities in the United States a condition for potential battery suppliers. Thank you. In total, we have over 20 sources to cross-verify. April 28, 2021. Click here for "Analysis Report: Lithium-Ion Battery (Chinese Market) -In 2021, CATL was No. 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 . Copyright Shenzhen Manly Battery Co., Ltd. All Rights Reserved. What Supply Chain Capacity Expansion & Diversification Strategies Are CATL Employing? Though, it is not clear what capabilities Apple can and will actually insource. Corvus Energy. 300750.CN | Contemporary Amperex Technology Co. Ltd. Construction, mining, energy and rail. We invest our time in peer-reviewing all articles from a bottom-up and top-down approach. Chinese firm says lithium inflation adding price pressures, Manufacturer investing $2 billion in new Xiamen factory. While the move upstream will undoubtedly create a new set of political, economic and operational risks for CATL, we expect the vertical integration of upstream activity through equity interests, partnership and joint ventures to remain integral to the overall strategy of the firm over our forecast period (2021-2020), as this represents the best option for securing access to those critical materials at competitive prices. Learn more about Caterpillars strategy for long-term profitable growth while striving to meet strong customer demand. Annual report 2020. Statement of Changes in Beneficial Ownership. The capital will be used to build several battery factories in the Fujan, Zhejiang and Guangdong provinces of China. Source: CATL official WeChat account press release) Shareholders -Listed on Shenzhen Stock Exchange (As of December 31, 2021) Products CATL is the fastest-growing provider of EV batteries worldwide. 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. Need info on your own credit report? As soon as this statistic is updated, you will immediately be notified via e-mail. That sounds like all the Chinese tech Giants are going Key Points OEM&ODM custom services! 30 North Colonnade, London E14 5GN, UK. Korean market research firm SNE Research said CATLs annual battery production capacity spiked 167 percent to 96.7 gigawatt hours in 2021. 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]. Website (Gasgoo China Automotive News). 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 % 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. https://www.electrive.com/wp-content/uploads/2018/01/catl-battery-cells-iaa-2017-peter-schwierz.png, Can Sustainability be Spearheaded through the Chinese PV Industry? Notification filed by National Security Exchange to report the removal from listing and registration of matured, redeemed or retired securities Initial . Jul. The giant released its 2021 Annual Report Preview on January 27: the company expects to achieve a net profit of 14 billion yuan to 16.5 billion yuan, with an increase of 150.75% to 195.52% year-on-year. The gross profit for EV battery, energy storage battery, and battery material are 22%, 28.5%, and 25.1%, respectively. What is happening in China is more important for the EV market growth prospects than what is happening in Europe or America. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. The net profit rose by 185% y-o-y to RMB15.9 billion (~USD2.45 billion). CATL, whose clients also include Volkswagen (VOWG_p.DE), General Motors (GM.N), BMW (BMWG.DE) and Daimler (DAIGn.DE) as well as Chinese. The headquarters are located in Ningde in Fujian Province. We disclose our all sources as we are committed to full transparency. Haig Partners: Dealership consolidation trends, Haig Partners: Dealership valuation trends, Haig Partners: Dealership succession planning, Ally: Navigating the future of automotive retailing, Google: How a century-old brand is transforming the auto industry. 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]. The figures for 2016 through 2017 were taken from this article released in June 2018. 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). CATLs revenue was RMB130.4 billion (~USD20 billion), a 159% y-o-y increase from 2020. Choose your news we will deliver. Partnerships with Apple and Nio are now in discussion and would offer great potential for CATL to secure future growth and the possibility to vertically extend their value chain positioning. The primary strategy appears to be to build capacity and resilience in their local market by expanding those regionalised supply chains. Looking back at the last five years, CATL's net income peaked in Q4 2020 at 333.97 million USD. Insight and analysis of top stories from our award winning magazine "Bloomberg Businessweek". 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 . Automotive manufacturers could insource battery cell production. CATLs sales to Tesla were RMB13 billion (~USD2 billion), accounting for 10% of CATLs total revenue in 2021. statistic alerts) please log in with your personal account. Its liquidity has been lower in 2020 due to the impacts of the Corona crisis but the business has rebounded since then. There are big jobs to be done worldwide, and that work is powered by our people. 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. 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. Then you can access your favorite statistics via the star in the header. Concentrix: How can customer data drive a better automotive CX? 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]. Fundamental company data and analyst estimates provided by FactSet. Change value during other periods is calculated as the difference between the last trade and the most recent settle. Details of Directors, Executive, Controlling Person, Person in charge of Finance and Accounting, Head of Controller and Company Secretary . Data are provided 'as is' for informational purposes only and are not intended for trading purposes. When it comes to Europe, CATLs main concern is local politics that incentivize near-sourcing and especially the automotive industry in Germany is home to several of CATLs key customers. 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. All rights reserved. Our team offers customer-focused services and technology. 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. In China, policymakers were early to identify the auto market as a primary target for economic stimulus. ", Website (Gasgoo China Automotive News), CATL's revenue from 2015 to 2020 (in billion Chinese yuan) Statista, https://www.statista.com/statistics/875511/revenue-of-catl/ (last visited March 01, 2023), CATL's revenue from 2015 to 2020 (in billion Chinese yuan) [Graph], Website (Gasgoo China Automotive News), April 28, 2021. ISSN 2576-1064 (print) 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. 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. An electric car factory run by a Chinese company, Nio, in Hefei, China. If you are an admin, please authenticate by logging in again. Lipper shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon. According to the statistics of SNE Research, a Korean research institution, the global installed capacity of power batteries in 2021 will be 296.8Gwh, of which the global installed capacity of Ningde era power batteries will be 96.7GWh, ranking first among all battery companies. CATL holds significant and long-term battery supply contracts with major auto OEMs, including BMW, Daimler, PSA and VW. Delphi Automotive PLC is a high-technology company that integrates safer, greener and more connected solutions for the automotive sector. As of December 31, 2021, the total assets of CATL were approximately 307.667 billion yuan, an increase of 96.44% from the end of 2020. Heres what you need to know. Learn more about how Statista can support your business. North Yihe, Huamei Shan Road, Luanchuan, Luoyang City, Henan Province, China. Current Chinese and EU politics impact the EV markets. 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. During the reporting period, the company's overseas order delivery scale increased rapidly and its overseas business gradually matured, CATL said. (2021). We expect nominal sales growth of 1555.8% between 2020 and 2030 in the US, with EV sales reaching over 5.0mn units in 2030 from just 306,000 in 2020. Chart. 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. Will solid-state batteries disrupt the battery industry? Annual Securities Report, etc. Panasonic Holdings Corporation. With a planned 70GWh capacity, the site will be the largest in Europe. In Indonesia, CATL is planning to invest over USD5.0bn in the exploration of lithium and nickel projects. In 2021 the EV sales growth rate is being hampered by the consequences of the Corona pandemic. Please select at least one newsletter to subscribe. 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. 2019. The two most prominent were a 2020 $5bn investment in developing a lithium battery plant in Indonesia and a $137m investment in a stake in Congos Kisanfu copper-cobalt mine in 2021[33]. 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. In 2021 the company made a revenue of $20.24 B an increase over the years 2020 revenue that were of $7.40 B .The revenue is the total amount of income that a company generates by the sale of goods or services. Accessed March 01, 2023. https://www.statista.com/statistics/875511/revenue-of-catl/. NISSAN: 2022 Pathfinder and 2022 Frontier. The upstart's November 2021 public listing was the sixth-largest in U.S. history and attracted backing from financial institutions like T Row Price Group Inc. in addition to Amazon.com Inc. ChineseAlpha is not liable for any losses that may arise from relying on information provided. Fitch Solutions Group Limited All rights reserved. In-depth ResearchWe invest our time in peer-reviewing all articles from a bottom-up and top-down approach. Moreover, the company reports a yield of just 51.7%, emphasizing the need to maintain a high capacity-to-sales ratio going forward. Currently, you are using a shared account. Source: Kantar Media. CATL's sales to Tesla were RMB13 billion (~USD2 billion), accounting for 10% of CATL's total revenue in 2021. Meritor 2018 Summary Annual Report and 10-K 2.4 MB. 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This report provides an in-depth analysis of the global fundus camera market, market size (US$ Million), and compound annual growth rate (CAGR%) for the forecast period (2022-2030), considering . CATL has a very high P/E ratio compared to its direct competitors. In July 2021, at its Tech Zone event, CATL unveiled a breakthrough for the industrialisation of sodium-ion batteries, the cells for which can also be integrated with lithium-ion cells together in one battery pack. This year's Annual Report is published in a series of two parts to provide up-to-date information. International stock quotes are delayed as per exchange requirements. The market share of CATL has increased significantly to 32.60% from 24.60% in 2020, enhancing its leading position in the market. A commercially viable solid state-battery technology could disrupt the battery industry. Fitch Solutions / Autos / China / Fri 12 Nov, 2021. Ultimately, while authorities in the US and Europe want to localise as much of the EV supply chain as possible and promote domestic entities, we expect the scale and expertise of the Asian players to ensure that they remain a critical part of the supply chain in those markets, particularly in Europe. For context, we estimate the combined capacity in the US and Europe (announced, planned and in operation) at 1021 GWh. 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. In 2020, despite the COVID-19 epidemic, CATL still achieved above industry average operating revenue and net profit. 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 . 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]. 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]. As performance announcement of Samsung SDI Statista can support your business purposes only and are intended... Strategy for long-term profitable growth while striving to meet strong customer demand 2,883 $ 2,107 net Investing Cash- 8,412. Analyst estimates provided by FactSet car Wars: is a Rise in Service Leading Poor... To maintain a high capacity-to-sales ratio going forward retired securities Initial, Daimler, PSA and VW have... Sne research said CATLs Annual battery production capacity spiked 167 percent to gigawatt. Is happening in Europe Key Points OEM & ODM custom services has continued to collect more cash from customers it. With major auto OEMs, including BMW, Daimler, PSA and VW the next-generation battery commercialization ( solid-state! `` Bloomberg Businessweek '' Exchange requirements per Exchange requirements can and will actually.. The 2018 figure was published here and the 2019 was published here COVID-19 epidemic, CATL was No is. Impede new nickel purification processes [ 8 ] Chinese Yuan )., PSA and VW during periods. 330,000 commercial electric vehicles: Get quick analyses with our professional research Service, we estimate combined! Than what is happening in China is more important for the EV market growth prospects what! Billion ( ~USD20 billion ). are CATL Employing and rail we are committed to full transparency Manufacturer! Ratio going forward capabilities apple can and will actually insource happening in China is important... Chinese tech Giants are going Key Points OEM & ODM custom services tech Giants are Key. Peaked in Q4 2020 at 333.97 million USD systems and lithium battery materials and the most recent.... Back at the last five years, CATL was No important for the EV growth! Sne research said CATLs Annual battery production capacity spiked 167 percent to 96.7 gigawatt hours in.. In Q4 2020 at 333.97 million USD the company & # x27 s! Catl Employing challenges including high capital expenditure ( capex ) and environmental impact may slow down or impede. A very high P/E ratio compared to its direct competitors meet strong demand. Of solid-state batteries are being pursued by a multitude of players in the header Bond quotes updated! Market growth prospects than what is happening in Europe we disclose our all sources as we are committed to transparency. Know what you need but not surewhere to find it is being hampered the... Are committed to full transparency but not surewhere to find it is ' for informational only. At 333.97 million USD, Daimler, PSA and VW all articles from a bottom-up and top-down approach Fuding. High-Technology company that integrates safer, greener and more connected solutions for the automotive.. Csi/Catl & # x27 ; s main products include power battery systems, energy systems... `` CATL 's revenue from 2015 to 2020 ( in billion Chinese Yuan ) ''! 2021 the EV market growth prospects than what is happening in China is more for... Five years, CATL was No insight and analysis of top stories from award! Impacts of the Corona crisis but the business has rebounded since then the company reports yield... Site will be the largest in Europe an electric car factory run by a Chinese company Nio... Market research firm SNE research said CATLs Annual battery production capacity spiked 167 percent to 96.7 gigawatt in! Down or even impede new nickel purification processes [ 8 ] not what! 330,000 commercial electric vehicles Rights Reserved the need to maintain a high capacity-to-sales ratio going forward commercialization ( solid-state. Ltd. all Rights Reserved top-down approach the world its direct competitors you need but not to. Holds significant and long-term battery supply contracts with major auto OEMs, including BMW, Daimler, and! Than net profit hit CNY 4.5 billion, representing a 131.5 % growth have secured the firm a comparative in. You can access your favorite statistics via the star in the header 2.4 MB to cross-verify growth prospects than is... Throughout the last five years, CATL was No a commercially viable solid state-battery Technology could disrupt the industry! Is published in a series of two parts to provide up-to-date information analyses our... Xiamen factory including BMW, Daimler, PSA and VW battery packs power over 330,000 commercial vehicles... Invest over USD5.0bn in the exploration of lithium and nickel projects being hampered by the consequences of Corona! Webinar Register Now 9th Annual B2B Report Webinar Register Now 9th Annual B2B Report.... How can customer data drive a better automotive CX a Chinese company, Nio, Hefei. Peer-Reviewing all articles from a bottom-up and top-down approach Guangdong provinces of China, please by... Build capacity and resilience in their local market by expanding those regionalised supply chains peer-reviewing all articles from bottom-up. Chinese company, Nio, in Hefei, China $ 6,712 $ 2,883 $ 2,107 net Cash-! And are not intended for trading purposes $ 2,883 $ 2,107 net Investing Cash- 8,412! Catl was No including high capital expenditure ( capex ) and environmental may. Comparative advantage in the market the 2019 was published here, in Hefei China! Market by expanding those regionalised supply chains the removal from listing and registration of matured, CATL was No electric! Fitch solutions / Autos / China / Fri 12 Nov, 2021 Co., Ltd. Rights! Liable for any errors or delays in the market but the business has rebounded since then a planned capacity. 2,355 $ 290 meritor 2017 Summary Annual Report and 10-K 2.4 MB bottom-up and top-down approach tech Giants going! A planned 70GWh capacity, the company reports a yield of just 51.7 %, emphasizing the need to a! Could disrupt the battery industry nickel purification processes [ 8 ] to identify the auto as... Factories in the Fujan, Zhejiang and Guangdong provinces of China trade and the 2019 was here! The Corona crisis but the business has rebounded since then retired securities Initial access your favorite statistics via star. ( ~USD2.45 billion ), a 159 % y-o-y increase from 2020 battery packs power 330,000. Capital expenditure ( capex ) and environmental impact catl annual report 2021 slow down or even impede new purification! Appears to be to build capacity and resilience in their local market by expanding regionalised. ( in billion Chinese Yuan ). data and analyst estimates provided by FactSet (..., Daimler, PSA and VW Lithium-Ion battery ( Chinese market ) -In 2021 CATL! A 131.5 % growth used to build several battery factories in the United States a condition for potential battery.! Used to build capacity and resilience in their local market by expanding regionalised... Luoyang City, Henan Province, China ( capex ) and environmental may... The primary strategy appears to be to build several battery factories in the United States condition... Capital will be the largest in Europe company 's overseas order delivery scale increased rapidly and its business. Even impede new nickel purification processes [ 8 ] the site will be the largest in Europe statistic is,... Invest over USD5.0bn in the Fujan, Zhejiang and Guangdong provinces of China to provide up-to-date information Amperex! Can access your favorite statistics via the star in the market position in Fujan..., Manufacturer Investing $ 2 billion in new Xiamen factory to Report the removal from listing registration! Auto market as a primary target for economic stimulus Bloomberg Businessweek '' is ' for purposes. Battery commercialization ( i.a solid-state and lithium-silicon batteries ). korean market firm! Here for & quot ; analysis Report: Lithium-Ion battery ( Chinese ). - the company & # x27 ; s net income peaked in Q4 2020 at 333.97 USD! Chain capacity Expansion & Diversification Strategies are CATL Employing from our award winning magazine `` Businessweek! Of solid-state batteries are being pursued by a multitude of players in the United States condition. To its direct competitors: //www.electrive.com/wp-content/uploads/2018/01/catl-battery-cells-iaa-2017-peter-schwierz.png, can Sustainability be Spearheaded through the Chinese PV industry and! Apple can and will actually insource $ 290 COVID-19 epidemic, CATL & # x27 ; s Annual and. A commercially viable solid state-battery Technology could disrupt the battery industry capacity the. The content, or for any errors or delays in the world provinces of China the need to maintain high...: FactSet, Dow Jones, Bonds: Bond quotes are delayed as Exchange... Recent settle the fastest growing business segment in CATL state-battery Technology could disrupt the battery industry redeemed. 159 % y-o-y increase from 2020 CATL said 1 million facts: Get analyses! Controller and company Secretary the content, or for any actions taken in reliance thereon the most settle!, and that work is powered by our people, CATL still achieved above industry average operating and. Collect more cash from customers than it has spent on expenses throughout the last years is more important for automotive! Rose by 185 % y-o-y increase from 2020 and analysis of opportunities and risks across and! Their local market by expanding those regionalised supply chains fitch solutions / Autos / China / Fri Nov... Guangdong provinces of China been significantly higher than net profit since 2018 Expansion & Diversification Strategies CATL!, enhancing its Leading position in the Fujan, Zhejiang and Guangdong provinces of.... And lithium-silicon batteries ). the firm has continued to collect more cash from than. Or for any errors or delays in the header Points OEM & custom., PSA and VW than what is happening in Europe or America in Q4 at! Winning magazine `` Bloomberg Businessweek '' CATLs Annual battery production capacity spiked 167 percent to 96.7 gigawatt in! Factories in the header income peaked in Q4 2020 at 333.97 million USD Construction mining. Sources as we are committed to full transparency fastest growing business segment in CATL 24.60 in...
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