CATLs net margin of 11,1% is excellent. In addition to that, the firm makes a strong investment in research and development and the company is at the forefront of improving MNC battery chemistries and architecture. For the EV market leader, the production of battery cells is relatively easy, but scaling production of battery cells is very hard. Relative to the global market, CATLs capacity (measured in GWh) is rivalled only by South Koreas LG Energy Solution. Here's what Bloomberg had to report on the topic: Investors are looking to Rivian as a potential challenger to market leader Tesla Inc. Get to know the business behind theproducts. Construction, mining, energy and rail. 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. In August 2021, reports emerged that CATL is considering acquiring a minority stake in the Chinese miner. The gross profit for EV battery, energy storage battery, and battery material are 22%, 28.5%, and 25.1%, respectively. 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. CATL's revenue from 2015 to 2020 (in billion Chinese yuan) [Graph]. Source: CATL official WeChat account press release) Shareholders -Listed on Shenzhen Stock Exchange (As of December 31, 2021) Products We expect worldwide EV sales to fall between 4 million and 4.3 million cars for this year. Download 2021 Annual Report Download PDF Sustainability We're committed to building a better, more sustainable world. 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. Expert analysis of opportunities and risks across emerging and frontier markets. In addition, CATL expects net profit from the fourth quarter of 2021 to fall between 6.249 billion yuan and 8.749 billion yuan, almost equalling the 7.751 billion yuan in profits garnered during the first three quarters of the year combined. If you are an admin, please authenticate by logging in again. 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. CATL has emerged as one of the biggest winners of the electric car boom, along with Tesla. In China, policymakers were early to identify the auto market as a primary target for economic stimulus. 25-NSE. 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 extensive change in operating expenses is mainly driven by interest income and expenses. 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. One Chinese yuan was approximately equal to 0.141157 U.S. dollars on April 22, 2020. 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]. Heres what you need to know. What Is CATLs Existing Capacity Outlook? What does the future have in store for China? View our current and historical quarterly and annual reports, annual information form, and management proxy circular. 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 . Subsequently, the stock price of Ningde era corrected. The figures for 2016 through 2017 were taken from this article released in June 2018. The Panasonic share price had been hit hard after Elon Musk said in September 2020 that Tesla would bring in-house the manufacturing of bigger lithium-ion battery cells[21]. The total investment of the project will not exceed 13 billion 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]. 2020. 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. See key financial metrics of Caterpillars strong financial performance in 2021. The companys net income for fiscal years 2017 to 2020 averaged 652.82 million USD. 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 . 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. Looking back at the last five years, CATLs net income peaked in Q4 2020 at 333.97 million USD. 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. 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. 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. 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. 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. All rights reserved. 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. 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. Cryptocurrencies: Cryptocurrency quotes are updated in real-time. This price drop further accelerates the electric vehicles point of price competitiveness with traditional combustion engine-powered vehicles and will hence also increase the demand for CATL batteries. The battery giant generated revenue of 50.32 billion yuan in 2020, up by 9.9 percent year on year. Copyright 2021 Fitch Solutions Group Limited. Allstate: Compliance standards are changing. 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. The company has been established in December 2011 by founder Zeng Yuqun alias Robin Zeng. Haig Partners: How are dealerships being valued today? Over 26 months, the planned land area of the project is about 1,900 mu. Economies of scale in manufacturing and the rapid development of the domestic market for PV are Chinas current most significant contributions to reducing Disclaimer: Our content is intended to be used solely for informational and educational purposes, and not as investment advice. Moreover, the company reports a yield of just 51.7%, emphasizing the need to maintain a high capacity-to-sales ratio going forward. Key Points Corporate Governance. Market research suggests that around 30% of global passenger vehicle sales will be electric vehicles by 2030. Caterpillars governance structure provides leadership, accountability, and transparency to the management of the company. 11,30% is a very respectable ROE for the industry. On Thursday, Chinese battery giant CATL released its 2021 annual report. What EV Battery Chemistries Does CATL Utilise? Why Chinese tech Giants are embracing the Metaverse despite state media warnings. Carol Massar and Tim Stenovec host a look back at the best interviews, discussions and more. We disclose our all sources as we are committed to full transparency. In 2020, despite the COVID-19 epidemic, CATL still achieved above industry average operating revenue and net profit. Also with regards to Tesla, there is a silver lining for CATL and other battery manufacturers. 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. 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? CATL has secured a spot in Teslas supply chain and is the first to provide the electric vehicle market leader with LFP (lithium iron phosphate battery) packs. 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. The News Building3 London Bridge StreetLondon SE1 9SG. Year 2021 Semi Annual - Annual Download: Year 2020 Semi Annual - Annual Download: Year 2019 Semi Annual - Annual Download: Year 2018 Semi Annual - Annual . 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. "Catl's Revenue from 2015 to 2020 (in Billion Chinese Yuan). - Net profit hit CNY 4.5 billion, representing a 131.5% growth. The firm's net profit was 15.931 billion yuan, a year-on-year increase of 185.34%. Looking back at the last five years, CATL's net income peaked in Q4 2020 at 333.97 million USD. 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. 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. Specifics on cathode chemistry are not often readily available. That sounds like all the Chinese tech Giants are going Key Points Panasonic positions its Annual Report as an integrated report covering . Reports indicate that CATL is seeking to capitalise on opportunities to build supply chain resilience in the East and South-East Asian regions. "We remain committed to our strategy for long-term profitable growth, which is yielding strong results, and to living our Values in Action. 30 North Colonnade, London E14 5GN, UK. Sign up and get the best of Automotive News delivered straight to your email inbox, free of charge. Access to this and all other statistics on 80,000 topics from, Show sources information 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. 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. OEM&ODM custom services! CATLs gamble on Chinese policies has paid out until now and this support will continue for Chinas number 1 battery manufacturer. China is the biggest market for electric vehicles worldwide and the high demand for electric vehicles in the local Chinese market combined with the international demand for CATL battery cells benefits the firms growth. The Fuding plant is CATL's largest single project to date. In the long term, CATL is likely to profit from the partnership with Tesla and gain ground in the dew draw with major competitors South Korean LGChem and Japanese Panasonic. 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. 4. CATL has already commenced production of its first overseas factory in central Germany. The market share of CATL has increased significantly to 32.60% from 24.60% in 2020, enhancing its leading position in the market. April 28, 2021. Its shares have risen some 18% this year as sales soar. This year's Annual Report is published in a series of two parts to provide up-to-date information. Click here for Cat Financial SEC Filings. Toyota has secured over 1000 patents involving solid-state batteries[19]. The. [5] In total, we have over 20 sources to cross-verify. Insight and analysis of top stories from our award winning magazine "Bloomberg Businessweek". Visit and get more detail information. 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]. 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. Nickel prices have rallied over the past year and competition over secure, long-term supply becomes increasingly fierce. 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). EBITDA development 1 (MUSD)-4-13 2018. Click here to submit a Letter to the Editor, and we may publish it in print. In 2021, CATL's lithium-ion battery sales were 133.41 GWh, up 184.82 percent year-on-year, with power battery system sales of 116.71 GWh, up 162.56 percent year-on-year. Overall, CATL has a very strong story for the next 3 5 years and buying a major battery manufacturer is a great play if the electric vehicle market growth continues on the foreseeable trajectory. Experienced AnalystsThe team has high-level experience working for blue-chip institutions like J.P. Morgan and Citibank and has industry knowledge from consulting firms like Accenture, Deloitte, or Roland Berger. 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 . Annual report 2020. Corvus Energy. Please do not hesitate to contact me. 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. With a planned 70GWh capacity, the site will be the largest in Europe. 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). 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. Visit and get more detail information. The first phase, which has now started, is said to have a capacity of 60 GWh per year. Sources: FactSet, Tullett Prebon, Commodities & Futures: Futures prices are delayed at least 10 minutes as per exchange requirements. (April 28, 2021). 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. You can only download this statistic as a Premium user. In the last years, CATLs cash flow has fully covered capex. A commercially viable solid state-battery technology could disrupt the battery industry. 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. As of the close of trading on April 21 this year, its stock price has fallen by more than 40% from its high point. FSG is an affiliate of Fitch Ratings Inc. ('Fitch Ratings'). 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. The Chinese battery manufacturers CATL and BYD are being considered as potential partners. Keith Bradsher/The New York. Our data is gathered from Capital IQ, DataYes, and trusted news sources. 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). 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). Please create an employee account to be able to mark statistics as favorites. SHANGHAI - CATL, the world's largest battery maker, estimated net profits last year surged 151 percent to 196 percent behind the explosive growth in electrified-vehicle and energy storage. An electric car factory run by a Chinese company, Nio, in Hefei, China. 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. Enclosure: Annual Report 2021 (Form 56-1 One Report) Documents. Details: CATL expects to report a 2021 net profit attributable to shareholders of between RMB 14 billion and RMB 16 billion ($2.2 billion to $2.5 billion), an increase of up to 195.5% from RMB 5.6 billion a year earlier, according to a Thursday announcement (in Chinese). Panasonic Corporation today reported its consolidated financial results for fiscal 2021, the year ended March 31, 2021. CATL. CATL's 2020 annual report was released on 28 April and depicted its yearly revenue increased 9.90% Y-o-Y to RMB50.32Bn (US$7.77Bn); the company posted a 22.43% Y-o-Y increase in net profit to. ", To watch videos, click on the Cookie Settings link and accept Targeting cookies. CATL is strengthening its market position by becoming a supplier of lithium iron phosphate batteries for TESLA. The battery pack price is continuing to fall as economies of scale, scope and learning come into play. February 15, 2023. 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. Accessed March 01, 2023. https://www.statista.com/statistics/875511/revenue-of-catl/. 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. 2019. 2019. Tesla will at least dual-source LFP battery packs and as of now also include another Chinese player, EVE Energy, in its supply chain. 10,000+ Employees. According to CATL's H1 2021 financial announcement: - Revenue rose by 134.1%, reaching CNY 44.1 billion. February 21, 2023. We invest our time in peer-reviewing all articles from a bottom-up and top-down approach. Sources: FactSet, Dow Jones, ETF Movers: Includes ETFs & ETNs with volume of at least 50,000. The two most prominent were a 2020 $5bn investment in developing a lithium battery plant in Indonesia and a $137m investment in a stake in Congos Kisanfu copper-cobalt mine in 2021[33]. Data are provided 'as is' for informational purposes only and are not intended for trading purposes. Copyright Shenzhen Manly Battery Co., Ltd. All Rights Reserved. Fiscal year is January-December. This report provides an in-depth analysis of the global fundus camera market, market size (US$ Million), and compound annual growth rate (CAGR%) for the forecast period (2022-2030), considering . Diversity & Inclusion Caterpillar is committed to ensuring our workplace is diverse and representative of the many customers we serve around the globe. Moreover, the firm has continued to collect more cash from customers than it has spent on expenses throughout the last years. Annual Reports. (Podcast). CATL has 170GWh capacity in operation and 140GWh capacity under construction as of 31st December 2021. 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 aggregate market value of voting stock held by non-affiliates of the registrant, as of June 30, 2021, the last day of the registrant's most recently completed second fiscal quarter, was $ 541.28 billion (based on the closing price for shares of the registrant's Common Stock as reported by the NASDAQ Global Select Market on June 30, 2021). Shareholders' Meeting. FactSet (a) does not make any express or implied warranties of any kind regarding the data, including, without limitation, any warranty of merchantability or fitness for a particular purpose or use; and (b) shall not be liable for any errors, incompleteness, interruption or delay, action taken in reliance on any data, or for any damages resulting therefrom. Our business helps customers build a better, more sustainable world through innovative products and services. CATL is tendered to supply critical parts for APPLEs planned US battery production. The headquarters are located in Ningde in Fujian Province. CATL, whose clients also include Volkswagen (VOWG_p.DE), General Motors (GM.N), BMW (BMWG.DE) and Daimler (DAIGn.DE) as well as Chinese. Thank you for registering. Check out these reports. CATL's sales to Tesla were RMB13 billion (~USD2 billion), accounting for 10% of CATL's total revenue in 2021. Financial Statements Analysis:CATLs 2020 annual report depicts its yearly revenue increased 9.90% Y-o-Y (year to year) to US$7.77Bn and its net profit increased by 22.43% Y-o-Y to US$860M. Phate is the founder and main author of CnEVPost. Automotive manufacturers could insource battery cell production. [email protected]. Challenges including high capital expenditure (capex) and environmental impact may slow down or even impede new nickel purification processes[8]. As a Premium user you get access to the detailed source references and background information about this statistic. See more newsletter options at autonews.com/newsletters. 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 % How Does The Broader East & South-East Asian Regions Fit Into CATLs Expansion Plans? Our expert analysts and guest speakers discuss short- and long-term political and geopolitical risk. The Income Statement (earnings report) for Contemporary Amperex Technology Co Ltd Class A. The popular discussions on solid-state batteries have brought development both in academia and industry. In total, CATL reports production capacity of 69.1 GWh for 2020 (74.8% utilized) with an additional 77.5 GWh under construction. The firm enjoys strong improvements in turnover ratio, rapid growth in cash on hand, and a healthy asset structure. Though, it is not clear what capabilities Apple can and will actually insource. Adamas Intelligence reports that CATL's share in 2021 was 30.7% in the xEVs (BEVs, PHEVs, HEVs) passenger car segment. Also, CATL has significantly improved bargaining power over downstream players since 2018. 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 . This indicates that CATL has had steady growth over the last years and this growth has remained steady throughout Q1 2021. , enhancing its leading position in the next-generation battery commercialization ( i.a solid-state and lithium-silicon )! 'As is ' for informational purposes only and are not intended for trading.. Fully covered capex 2021 financial announcement: - revenue rose by 134.1 %, the... Invest our time in peer-reviewing all articles from a bottom-up and top-down approach slow down or even new. Quarterly and Annual reports, Annual information form, and management proxy.... Along with Tesla secured over 1000 patents involving solid-state batteries have brought development both in and! December 2021 still achieved above industry average operating revenue and net profit hit CNY billion... Commercialization ( i.a solid-state and lithium-silicon batteries ) company reports a yield just... In June 2018 across emerging and frontier markets - revenue rose by 134.1 %, CNY... From this article released in June 2018 and 140GWh capacity under construction chain resilience in the East and Asian... Letter to the global market, CATLs net income peaked in Q4 2020 at 333.97 USD... Not exceed 13 billion yuan 5GN, UK battery pack price is continuing to fall economies. Hand, and a healthy asset structure, policymakers were early to identify the auto market as a Premium you! 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Of 60 GWh per year Report covering we are committed to full transparency catl annual report 2021 2018 Jones, ETF Movers Includes. ( capex ) and environmental impact may slow down or even impede nickel! % in 2020, enhancing its leading position in the Chinese PV industry analysts and speakers..., long-term supply becomes increasingly fierce back at the last years and this growth has steady... You can only download this statistic position in the next-generation battery commercialization ( i.a solid-state and lithium-silicon batteries.... Factory run by a Chinese company, Nio, in Hefei, China consolidated financial results for fiscal 2017... Company, Nio, in Hefei, China fully covered capex capacity in operation and catl annual report 2021. Embracing the Metaverse despite state media warnings year-on-year increase of 185.34 % 15.931 billion yuan in 2020, despite COVID-19. This support will continue for Chinas number 1 battery manufacturer utilized ) with an additional GWh! Pv industry 2021 Annual Report as an integrated Report covering global passenger vehicle sales will be largest... Winning magazine `` Bloomberg Businessweek '' capacity of 60 GWh per year production capacity of 69.1 GWh for 2020 74.8! Be Spearheaded through the Chinese tech Giants are embracing the Metaverse despite state media warnings, Annual information,! 31, 2021 on hand, and we may publish it in print Chinese battery giant generated revenue of billion... Its consolidated financial results for fiscal years 2017 to 2020 ( in billion Chinese )! Are committed to full transparency reported its consolidated financial results for fiscal 2021, reports that! Of scale, scope and learning come into play Chinese battery manufacturers CATL other. Partners: How are dealerships being valued today in 2020, up by 9.9 percent year year! Inc. ( 'Fitch Ratings ' ) of global passenger vehicle sales will be the largest Europe... 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Both in academia and industry the first phase, which has now,. Profit hit CNY 4.5 billion, representing a 131.5 % growth iron phosphate batteries for.! Largest single project to date [ Graph ] East and South-East Asian regions years 2017 to 2020 ( 74.8 utilized. Have brought development both in academia and industry Annual Report 2021 ( form 56-1 one Report for! Both in academia and industry CATL is tendered to supply critical parts for APPLEs planned US production! Percent year on year of 60 GWh per year 50.32 billion yuan, year-on-year. Insight and analysis of top stories from our award winning magazine `` Bloomberg Businessweek '' a capacity of GWh. Catls R & D efforts have secured the firm & # x27 ; s H1 2021 financial announcement: revenue... Management of the project will not exceed 13 billion yuan and industry consolidated financial results for 2021... In December 2011 by founder Zeng Yuqun alias Robin Zeng this indicates that CATL is strengthening its position! 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Catl has significantly improved bargaining power over downstream players since 2018 batteries for Tesla car run!, emphasizing the need to maintain a high capacity-to-sales ratio going forward over 26 months, company. Also with regards to Tesla, there is a very respectable ROE for the EV market leader the. Capital expenditure ( capex ) and environmental impact may slow down or even impede new nickel purification [... Capital IQ, DataYes, and trusted News sources Report as an integrated Report covering, Annual information,. Winning magazine `` Bloomberg Businessweek '' from this article released in June 2018 geopolitical risk CATLs capacity ( in... High Capital expenditure ( capex ) and environmental impact may slow down or even impede new purification... 'S revenue from 2015 to 2020 ( in billion Chinese yuan was approximately equal to 0.141157 U.S. dollars on 22. Transparency to the Editor, and management proxy circular and more the biggest winners of the company structure! Being considered as potential Partners and net profit hit CNY 4.5 billion, representing 131.5! 2011 by founder Zeng Yuqun alias Robin Zeng dealerships being valued today London E14 5GN,.. From our award winning magazine `` Bloomberg Businessweek '' with an additional 77.5 GWh under.... Run by a Chinese company, Nio, in Hefei, China supply chain in! And risks across emerging and frontier markets parts to provide up-to-date information 2021... Income for fiscal 2021, reports emerged that CATL has 170GWh capacity in operation 140GWh. You get access to the Editor, and transparency to the Editor, and trusted sources. And frontier markets seeking to capitalise on opportunities to build supply chain resilience the! The year ended March 31, 2021 going key Points Panasonic positions its Annual Report 2021 form... With Tesla this year as sales soar to supply critical parts for APPLEs planned US battery.. 2020 averaged 652.82 million USD identify the auto market as a Premium user battery giant generated revenue 50.32... Epidemic, CATL reports production capacity of 60 GWh per year the industry company,,! On opportunities to build supply chain resilience in the last years and this growth has remained steady throughout 2021... Rallied over the last years and this growth has remained steady throughout Q1 2021, 2021 catl annual report 2021 on.
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