. 48207-2997, Automotive News CMOCgroup Our expert analysts and guest speakers discuss short- and long-term political and geopolitical risk. Car Wars: Is a Rise in Service Leading to Poor Customer Satisfaction? 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. 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. Since then, the stock price of Ningde Times has been rising all the way, reaching a record high of 692 yuan in intraday trading on December 3, 2021. Download 2021 Annual Report Download PDF Sustainability We're committed to building a better, more sustainable world. 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. 2020. In China, policymakers were early to identify the auto market as a primary target for economic stimulus. 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. Toyota has secured over 1000 patents involving solid-state batteries[19]. We leverage our expertise and partnerships to provide in-depth and insightful reports. CATL Deployments Accelerating in Europe, Fourth Most Deployed Cells in 2020 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. 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. 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. 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). Meritor 2018 Summary Annual Report and 10-K 2.4 MB. The headquarters are located in Ningde in Fujian Province. The German automakers have deals with existing battery cell manufacturers LG, Samsung, and CATL in place[25] and in the next 10 years, VW alone plans to produce around 22 million electric vehicles between 70 new electric models, which translates to an annual capacity requirement in Europe excess of 150 GWh, with similar demands expected in Asia[26]. Allstate: Compliance standards are changing. 2022 ChineseAlpha.com - All rights reserved. CATL is likely to secure future partnerships with major players in the technology and car industry that help maintain a healthy growth rate for the stock. 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. As of the close of trading on April 21 this year, its stock price has fallen by more than 40% from its high point. Yes, I'd like to receive email communications on editorial features, special offers, research and events and webinars from Automotive News. Notification filed by National Security Exchange to report the removal from listing and registration of matured, redeemed or retired securities Initial . Show publisher information Operating margin measures the percentage of revenue a company keeps as operating profit. This indicates that CATL has had steady growth over the last years and this growth has remained steady throughout Q1 2021. Our data is gathered from Capital IQ, DataYes, and trusted news sources. Our latest articles and views onindustries, regions, and topics. Cryptocurrencies: Cryptocurrency quotes are updated in real-time. Will solid-state batteries disrupt the battery industry? Resilient battery suppliers such as CATL, LG Chem and Yunnan Enjie will profit from these imminent shortages[10]. FSG is an affiliate of Fitch Ratings Inc. ('Fitch Ratings'). Investors expect CATL to thrive in the future market. Lipper shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon. 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 . 2021 2020 2019 2018 2017 5-year trend; Sales/Revenue: 256,840: 173,547: 143,075: 151,502: 120,596 In 2020, CATL's revenue totaled around 50 billion Chinese yuan. Concentrix: How can customer data drive a better automotive CX? Have an opinion about this story? 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. 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]. Construction, mining, energy and rail. 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. 2020. 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. 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. 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%. Details of Directors, Executive, Controlling Person, Person in charge of Finance and Accounting, Head of Controller and Company Secretary . On Thursday, Chinese battery giant CATL released its 2021 annual report. 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. Annual Securities Report, etc. We use cookies and browser capability checks to help us deliver our online services, including to learn if you enabled Flash for video or ad blocking. ISSN 2576-1072 (online), Tesla readies revamp of Model Y code-named Juniper, report says, VW under fire over Xinjiang plant after China chief visit, Li Auto Q1 sales, revenue outlook soars on growing EV lineup, Sponsored Content: Ally All Ears Podcast | How F&I is driving dealership profits, Sponsored Content: Understanding automotive connected consumers | Amazon Ads. The first phase, which has now started, is said to have a capacity of 60 GWh per year. In 2020, CATLs Lithium-ion battery sales totaled 46.84GWh, up 14.36% Y-o-Y. "Catl's Revenue from 2015 to 2020 (in Billion Chinese Yuan). Key Points The research and development of solid-state batteries are being pursued by a multitude of players in the world. 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. 9th Annual B2B Report Webinar Register Now 9th Annual B2B Report Webinar. Looking back at the last five years, CATL's net income peaked in Q4 2020 at 333.97 million USD. In, Website (Gasgoo China Automotive News). Know what you need but not surewhere to find it? Corporate News VARTA AG adopts strategic realignment in response to challenges 15. Check out these reports. This means that based on current projections, CATL would host more capacity on its own than the US and Europe combined. To use individual functions (e.g., mark statistics as favourites, set 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. ", 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. You can unsubscribe at any time through links in these emails. ISSN 0005-1551 (print) Please do not hesitate to contact me. Sources: FactSet, Tullett Prebon, Commodities & Futures: Futures prices are delayed at least 10 minutes as per exchange requirements. 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 company has been established in December 2011 by founder Zeng Yuqun alias Robin Zeng. Haig: Buy-Sell Q&A: What is the value of an M&A advisor? The popular discussions on solid-state batteries have brought development both in academia and industry. 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. 11,30% is a very respectable ROE for the industry. 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. Chart. Sources: CoinDesk (Bitcoin), Kraken (all other cryptocurrencies), Calendars and Economy: 'Actual' numbers are added to the table after economic reports are released. You need a Statista Account for unlimited access. Enclosure 1. 25-NSE. statistic alerts) please log in with your personal account. Sources: FactSet, Dow Jones, ETF Movers: Includes ETFs & ETNs with volume of at least 50,000. 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. The. We expect worldwide EV sales to fall between 4 million and 4.3 million cars for this year. 2018. 1 in terms of market share of drive batteries for automobiles, with a 52% share of the market in China and 33% globally. Provides financial information as auditors report of Samsung SDI. Sign up and get the best of Automotive News delivered straight to your email inbox, free of charge. Visit website. 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CSI/CATL's lithium battery packs power over 330,000 commercial electric vehicles. February 21, 2023. Tesla will be manufacturing battery cells along with electric vehicles at its planned German factory in Grnheide near Berlin. Outstanding Services, Customer-Focused Team. On the other hand, energy storage has become the fastest growing business segment in CATL. Data may be intentionally delayed pursuant to supplier requirements. Thank you. 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 . In total, we have over 20 sources to cross-verify. 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. 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]. Consumer demand remains strong. There are big jobs to be done worldwide, and that work is powered by our people. CATLs gamble on Chinese policies has paid out until now and this support will continue for Chinas number 1 battery manufacturer. 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). Electric vehicle sales are expected to follow an S-curve growth trend. 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. Magna to purchase a commercial fleet of 15 vehicles which we will deliver in December 2022. For context, we estimate the combined capacity in the US and Europe (announced, planned and in operation) at 1021 GWh. 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. Panasonic Holdings Corporation. Learn more about how Statista can support your business. 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. 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. 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. 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. What is the value of an M & a advisor of an M & a advisor to have a of. And Europe combined ETF Movers: Includes ETFs & ETNs with volume of at least 50,000 webinars! Report and 10-K 2.4 MB Ratings Inc. ( 'Fitch Ratings ' ) operation ) at 1021 GWh to an. Started, is said to have a capacity of 60 GWh per.. 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