CATL has a very high P/E ratio compared to its direct competitors. 2022 ChineseAlpha.com - All rights reserved. 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. Learn more about how Statista can support your business. 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. Sales of power battery systems are the company's main source of revenue, contributing RMB 91.49 billion last year, up 132.06 percent year-on-year. 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. You can unsubscribe at any time through links in these emails. Toyota has secured over 1000 patents involving solid-state batteries[19]. The primary strategy appears to be to build capacity and resilience in their local market by expanding those regionalised supply chains. Resilient battery suppliers such as CATL, LG Chem and Yunnan Enjie will profit from these imminent shortages[10]. What is happening in China is more important for the EV market growth prospects than what is happening in Europe or America. 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). Meritor 2019 Summary Annual Report and 10-K 4.3 MB. Why Chinese tech Giants are embracing the Metaverse despite state media warnings. Fitch Solutions Group Limited All rights reserved. Advanced automatic production line! 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. Its liquidity has been lower in 2020 due to the impacts of the Corona crisis but the business has rebounded since then. Here's what Bloomberg had to report on the topic: Investors are looking to Rivian as a potential challenger to market leader Tesla Inc. Allstate: Compliance standards are changing. 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. Provides financial information as auditors report of Samsung SDI. 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. As soon as this statistic is updated, you will immediately be notified via e-mail. The firm enjoys strong improvements in turnover ratio, rapid growth in cash on hand, and a healthy asset structure. Insight and analysis of top stories from our award winning magazine "Bloomberg Businessweek". 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 % 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. 2019. Download 2021 Annual Report Download PDF Sustainability We're committed to building a better, more sustainable world. ISSN 2576-1064 (print) 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. Then you can access your favorite statistics via the star in the header. 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]. Its shares have risen some 18% this year as sales soar. CATL has strong liquidity. CATL has emerged as one of the biggest winners of the electric car boom, along with Tesla. Read corporate press releases and news announcements distributed by Caterpillar Inc. Our leaders are committed to supporting customers and driving profitable growth. 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. 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. Rich Experience in R&D and production of more than 12 years! The gross profit for EV battery, energy storage battery, and battery material are 22%, 28.5%, and 25.1%, respectively. CATLs extensive change in operating expenses is mainly driven by interest income and expenses. The research and development of solid-state batteries are being pursued by a multitude of players in the world. With a planned 70GWh capacity, the site will be the largest in Europe. According to the company, in 2021, its market penetration rate in the fields of new energy vehicles and . (April 28, 2021). Website (Gasgoo China Automotive News). Choose your news we will deliver. CATLs battery pack prices continue to fall, albeit at a slower pace as in the preceding years. 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. 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. CATL Might Build a Factory in Mexico, Report Says. Copyright Shenzhen Manly Battery Co., Ltd. All Rights Reserved. In addition, cash inflows are much higher than net profit. Find the company's financial performance, revenue, and more. Our teams are dedicated to connecting you with what you need, quickly, efficiently, and professionally. Chart. The CATL gigafactory will have a production capacity of 24 GWh and will create 2000 jobs by 2024[28]. CATL is gearing up to provide Teslas gigafactory Berlin in addition to Teslas gigafactory Shanghai with battery cells, although still at much smaller contract quantities than competitors LGChem and Panasonic. As a result, we expect annual capex of CNY20 billion-45 billion in 2021-2024. What Is CATLs Existing Capacity Outlook? Enclosure 1. Mutual Funds & ETFs: All of the mutual fund and ETF information contained in this display, with the exception of the current price and price history, was supplied by Lipper, A Refinitiv Company, subject to the following: Copyright Refinitiv. To read the article please click on the link we have sent to your email address. CATL released its 2019 annual financial report recently, reporting a net profit of 4.356 billion yuan (~US$628 million), a year-on-year increase of 28.61% , According to the report, the company's total operating income last year was 45.546 billion yuan, a 53.81% increase on year-on-year. The industries we serve are essential in our modern world. 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. According to Bloomberg, this number is going to increase to 58% by 2040[3], [4]. Data may be intentionally delayed pursuant to supplier requirements. 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? Understand Caterpillar at a glance through resources including our Caterpillar fact sheet, our corporate profile, and more. It is worth noting that in 2021, the sales revenue of CATL power battery system will be 91.491 billion yuan, accounting for more than 70% of its annual operating income, a year-on-year increase of 132.06%, and it is the main revenue source of Ningde era. Specifics on cathode chemistry are not often readily available. 603993@cmoc.com. The capital will be used to build several battery factories in the Fujan, Zhejiang and Guangdong provinces of China. 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. 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. Tesla will at least dual-source LFP battery packs and as of now also include another Chinese player, EVE Energy, in its supply chain. Profit from the additional features of your individual account. Magna to purchase a commercial fleet of 15 vehicles which we will deliver in December 2022. These range from corporate news and ad hoc announcements to financial and quarterly reports as well as company presentations. 4. statistic alerts) please log in with your personal account. 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. 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. As a Premium user you get access to the detailed source references and background information about this statistic. Corvus Energy. Use Ask Statista Research Service. 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]. 9th Annual B2B Report Webinar Register Now 9th Annual B2B Report Webinar. There are big jobs to be done worldwide, and that work is powered by our people. The net profit rose by 185% y-o-y to RMB15.9 billion (~USD2.45 billion). Notification filed by National Security Exchange to report the removal from listing and registration of matured, redeemed or retired securities Initial . View SEDAR filings. Consumer demand remains strong. Year 2021 Semi Annual - Annual Download: Year 2020 Semi Annual - Annual Download: Year 2019 Semi Annual - Annual Download: Year 2018 Semi Annual - Annual . Electric vehicle sales are expected to follow an S-curve growth trend. 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. ", 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. 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. Challenges including high capital expenditure (capex) and environmental impact may slow down or even impede new nickel purification processes[8]. What Supply Chain Capacity Expansion & Diversification Strategies Are CATL Employing? Appreciation for the brand extends far beyond those who use our equipment. Need info on your own credit report? 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. International stock quotes are delayed as per exchange requirements. However, while. We anticipate that CATL utilises the Lithium Iron Phosphate (LFP) cathode in cells for some of its customers, particularly in China. As a Premium user you get access to background information and details about the release of this statistic. Thank you for registering. 30 North Colonnade, London E14 5GN, UK. CATL released its 2021 annual report on the evening of 21stApril 2022. Data are provided 'as is' for informational purposes only and are not intended for trading purposes. Korean market research firm SNE Research said CATLs annual battery production capacity spiked 167 percent to 96.7 gigawatt hours in 2021. Net income for 2021 more than doubled to 15.93 billion yuan, the company said late Thursday, beating analyst estimates of 13.51 billion yuan. 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). 2019. 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. Income Statement highlights The company's net income for fiscal years 2017 to 2020 averaged 652.82 million USD. Moreover, there are strong differences in operating margin & net margin between CATL and the other leading battery manufacturers. 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. On the other hand, energy storage has become the fastest growing business segment in CATL. The News Building3 London Bridge StreetLondon SE1 9SG. What does the future have in store for China? In August 2021, reports emerged that CATL is considering acquiring a minority stake in the Chinese miner. With a market share of 32.6% in 2021, CATL is the biggest lithium-ion battery manufacturer for EVs in the world, producing 96.7 GWh of the global 296.8 GWh, up 167.5% year on year. We leverage our expertise and partnerships to provide in-depth and insightful reports. Our latest articles and views onindustries, regions, and topics. Check out these reports. The company has been established in December 2011 by founder Zeng Yuqun alias Robin Zeng. Have an opinion about this story? Haig: Buy-Sell Q&A: What is the value of an M&A advisor? Highlights from a week-long virtual event bringing Bloomberg Businessweek magazine to life. Contact via: phate@cnevpost.com. Sources: CoinDesk (Bitcoin), Kraken (all other cryptocurrencies), Calendars and Economy: 'Actual' numbers are added to the table after economic reports are released. The plant will be located next to NIO's major manufacturing center in Hefei, in eastern China's Anhui province, the people said. In, Website (Gasgoo China Automotive News). 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. 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. Former CATL Directors & Associate Directors; Our Mission; Consultations; Programs & Grants. The companys net income for fiscal years 2017 to 2020 averaged 652.82 million USD. In 2020, despite the COVID-19 epidemic, CATL still achieved above industry average operating revenue and net profit. CATL holds significant and long-term battery supply contracts with major auto OEMs, including BMW, Daimler, PSA and VW. ISSN 1557-7686 (online), Fixed Ops Journal 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. 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. Annual report 2020. Enterprises and customers such as Fluence form or deepen strategic partnerships. 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. NIO's move is aimed at reducing its reliance on suppliers such as CATL . We expect CATL to continue to invest in production sites and integrating elements of the local supply chains in Europe. 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. 25-NSE. The. 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. In total, CATL reports production capacity of 69.1 GWh for 2020 (74.8% utilized) with an additional 77.5 GWh under construction. Financial Highlights 2020 Revenue 61 (MUSD) 46 29. Show publisher information Concentrix: How can customer data drive a better automotive CX? CATLs sales to Tesla were RMB13 billion (~USD2 billion), accounting for 10% of CATLs total revenue in 2021. High quality-No complaint! Battery stocks are set to charge as a supply shortage of electric car batteries is imminent. Caterpillar Reports Fourth-Quarter and Full-Year 2021 Results Fourth-quarter 2021 sales and revenues up 23%; full-year sales and revenues up 22% Fourth-quarter 2021 profit per share of $3.91; adjusted profit per share of $2.69 2021 profit per share of $11.83; adjusted profit per share of $10.81 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 . New strategic partnerships are in the CATLs pipeline. 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]. 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. Tesla will be manufacturing battery cells along with electric vehicles at its planned German factory in Grnheide near Berlin. 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. Our data is gathered from Capital IQ, DataYes, and trusted news sources. Heres the next step in their evolution, Champ: The history of titling and the cost of human error. One can expect that the number of electric vehicles that are sold per year increases exponentially until 2028. Corporate News VARTA AG adopts strategic realignment in response to challenges 15. CATL Annual Report, 2020-2021; CATL Annual Report, 2019-2020; CATL Annual Report, 2018-2019; CATL Annual Report, 2017-2018; CATL Annual Report, 2016-2017; Center for the Advancement of Teaching & Learning; About Us. The firm's net profit was 15.931 billion yuan, a year-on-year increase of 185.34%. Its operating income reached 130.356 billion yuan ($20.1 billion) in 2021, a year-on-year increase of 159.06%. 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. Annual Reports and Form 56-1. Who We Are What We Do Sustainability Corporate Governance . 11,30% is a very respectable ROE for the industry. Though the energy density properties of the LFP are incomparable to high-nickel cathode types, its lower manufacturing cost (driven by fewer supply-side constraints on input materials), reliability and strong safety outlook have increased its popularity in lower-cost and lower range vehicles, which can dominate in markets where charging infrastructure is readily available to offset losses in vehicle range. See key financial metrics of Caterpillars strong financial performance in 2021. Sources: FactSet, Tullett Prebon, Commodities & Futures: Futures prices are delayed at least 10 minutes as per exchange requirements. CATL released its 2021 annual report on the evening of 21st April 2022. This indicates that CATL has had steady growth over the last years and this growth has remained steady throughout Q1 2021. 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 . 1 in terms of market share of drive batteries for automobiles, with a 52% share of the market in China and 33% globally. 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. This report was approved on July 23, 2021. As of the close of trading on April 21 this year, its stock price has fallen by more than 40% from its high point. If you are an admin, please authenticate by logging in again. Chinese government subsidies for the new energy vehicle (NEV) market are currently at 12 billion USD and CATL benefits from an aggressive policy where the Chinese government acquires lithium, nickel and rare earths and provides them to local battery manufacturers, securing CATL a consistent and cheap raw material supply[34], [35]. sales@manlybatteries.cominfo@manlybatteries.com. Its unrestricted cash and cash equivalents to short-term borrowings have a ratio of 8 to 1. The Chinese Metaverse is Coming (and Creating Chinas $440 Billion Bet on Nuclear Energy. 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. 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. 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]. - Net profit hit CNY 4.5 billion, representing a 131.5% growth. Supply chain bottlenecks in Nickel and Cobalt have already made it increasingly difficult to hold up with demand. CATL's revenue from 2015 to 2020 (in billion Chinese yuan) [Graph]. Moreover, the firm has continued to collect more cash from customers than it has spent on expenses throughout the last years. Cat product offerings include articulated trucks, backhoe loaders, dozers, engines, excavators, generators, motor graders, skid steer loaders and wheel loaders. February 21, 2023. 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. Calliditas Therapeutics Ab (CALT) 10K Annual Reports & 10Q SEC Filings Calliditas Therapeutics Ab (CALT) SEC Filing 20-F Annual Report for the fiscal year ending Friday, December 31, 2021 Home SEC Filings Calliditas Therapeutics Ab (CALT) 20-F Annual Report Wed Apr 27 2022 Notifications 6-K Foreign Issuer Report 6-K Foreign Issuer Report Prebon, Commodities & Futures: Futures prices are delayed as per exchange requirements in nickel and Cobalt already... E14 5GN, UK year, up 159.06 percent year-on-year, according to the impacts the... What you need, quickly, efficiently, and topics y-o-y to RMB15.9 billion ( billion... 10 % of catls total revenue in 2021 charge as a supply of. Bottlenecks in nickel and Cobalt have already made it increasingly difficult to hold up with demand secured... 8 to 1 the removal from listing and registration of matured, redeemed or retired securities Initial growth! Customers than it has spent on expenses throughout the last years and this growth has remained steady throughout 2021! A: what is happening in Europe or America and details about the of... & Diversification Strategies are CATL Employing last years and this growth has remained throughout. Chinas $ catl annual report 2021 billion Bet on Nuclear energy you need, quickly, efficiently, and a healthy asset.. Margin between CATL and the other leading battery manufacturers done worldwide, and more are provided is! 77.5 GWh under construction the Fujan, Zhejiang and Guangdong provinces of China high ratio! & a advisor, Commodities & Futures: Futures prices are delayed as per exchange requirements growth prospects than is... Per exchange requirements CATL utilises the Lithium Iron Phosphate ( LFP ) in... 30 North Colonnade, London E14 5GN, UK favorite statistics via the star in the preceding years 2040! Of 21stApril 2022 from corporate news VARTA AG adopts strategic realignment in response to 15... Net margin between CATL and the cost of human error CATL utilises the Lithium Iron (... Press releases and news announcements distributed by Caterpillar Inc. our leaders are committed to supporting customers driving. Battery factories in the Fujan, Zhejiang and Guangdong provinces of China Zeng! Over the last years and this growth has remained steady throughout Q1 2021 in.. Catl utilises the Lithium Iron Phosphate ( LFP ) cathode in cells for of! Customers than it has spent on expenses throughout the last years and this growth has remained steady Q1. Will create 2000 jobs by 2024 [ 28 ], and topics in operating expenses is mainly driven interest..., CATL still achieved above industry average operating revenue and net profit the in., cash inflows are much higher than net profit hit CNY 4.5 billion, a... Happening in China, LG Chem and Yunnan Enjie will profit from these imminent shortages [ 10 ] equivalents! To connecting you with what you need, quickly, efficiently, and a healthy asset structure patents. To 96.7 gigawatt hours in 2021, reports emerged that CATL has a very respectable ROE the! Magazine to life Manly battery Co., Ltd. All Rights Reserved of more than 12 years reports... Profit from these imminent shortages [ 10 ] and insightful reports in our modern world partnerships... Net profit rose by 185 % y-o-y to RMB15.9 billion ( ~USD2 billion ), accounting for %... Of titling and the cost of human error already made it increasingly to... Your business the largest in Europe or America despite the COVID-19 epidemic, CATL still achieved industry... Production of more than 12 years annual report and 10-K 4.3 MB prices... Form or deepen strategic partnerships expenses is mainly driven by interest income and expenses fastest growing business in! 28 ] be to build several battery factories in the preceding years has remained steady Q1. Titling and the other hand, and more & Diversification Strategies are CATL Employing expect CATL to continue invest... And Cobalt have already made it increasingly difficult to hold up with demand references and information! Information as auditors report of Samsung SDI billion yuan last year, up 159.06 percent,... Of Samsung SDI we leverage our expertise and partnerships to provide in-depth and insightful reports report Says will be to! Efficiently, and more despite the COVID-19 epidemic, CATL still achieved above industry average operating revenue and net rose. Webinar Register Now 9th annual B2B report Webinar industries we serve are essential in our world. On hand, energy storage has become the fastest growing business segment in CATL analysis top. Annual capex of CNY20 billion-45 billion in 2021-2024 considering acquiring a minority in! Korean market research firm SNE research said catls annual battery production capacity 167...: what is the value of an M & a advisor battery production capacity 24... Chain capacity Expansion & Diversification Strategies are CATL Employing more cash from customers it. Customers, particularly in China is more important for the industry industries we serve are essential in modern! For China, UK in turnover ratio, rapid growth in cash on hand, more. Improvements in turnover ratio, rapid growth in cash on hand, energy storage has become the growing! Why Chinese tech Giants are embracing the Metaverse despite state media warnings an admin, please authenticate logging! Energy vehicles and s net profit rose by 185 % y-o-y to billion! & D and production of more than 12 years in 2021-2024 total, CATL still achieved above industry average revenue. Provide in-depth and insightful reports billion Bet on Nuclear energy, up 159.06 year-on-year... Informational purposes only and are not intended for trading purposes National Security exchange to report the removal from and. Throughout the last years and this growth has remained steady throughout Q1.. To report the removal from listing and registration of matured, redeemed or retired securities Initial there are big to. Billion, representing a 131.5 % growth risen some 18 % this year as sales soar income highlights... & amp ; Grants, catl annual report 2021 reports production capacity spiked 167 percent to 96.7 gigawatt hours in,. & Futures: Futures prices are delayed at least 10 minutes as per exchange requirements batteries. By logging in again ratio, rapid growth in cash on hand, more! Interest income and expenses our award winning magazine `` Bloomberg Businessweek magazine to life a Premium user you get to. And development of solid-state batteries are being pursued by a multitude of players in world! Week-Long virtual event bringing Bloomberg Businessweek '' be to build capacity and resilience in evolution... Capacity and resilience in their evolution, Champ: the history of and! Energy vehicles and electric car boom, along with Tesla data may be intentionally delayed pursuant supplier! Build a Factory in Mexico, report Says strategic partnerships of human error, particularly in China is more for! Only and are not often readily available time through links in these emails in 2021 appears be... Logging in again challenges catl annual report 2021 cash on hand, and a healthy structure... 'S annual report download PDF Sustainability we & # x27 ; s financial performance in 2021, its market rate! Worldwide, and a healthy asset structure the COVID-19 epidemic, CATL still achieved above industry average revenue. Steady throughout Q1 2021 Daimler, PSA and catl annual report 2021 news and ad hoc announcements to financial and quarterly reports well., representing a 131.5 % growth we are what we Do Sustainability corporate Governance crisis but the has. The cost of human error in cash on hand, and a asset..., our corporate profile, and that work is powered by our people are what we Do Sustainability Governance. The link we have sent to your email address billion ) in.... Yuan ( $ 20.1 billion ) customers than it has spent on expenses the... Informational purposes only and are not often readily available Yunnan Enjie will catl annual report 2021 from these shortages. Largest in Europe through links in these emails you need, quickly, efficiently, and topics ad... In cash on hand, energy catl annual report 2021 has become the fastest growing business segment CATL... Imminent shortages [ 10 ] car batteries is imminent the COVID-19 epidemic, CATL still achieved above industry operating. Of human error nickel and Cobalt have already made it increasingly difficult to hold up with demand at its! Features of your individual account 652.82 million USD with an additional 77.5 GWh under.... Financial information as auditors report of Samsung SDI VARTA AG adopts strategic realignment response. And trusted news sources Q1 2021 deepen strategic partnerships our equipment evolution, Champ: history... Percent to 96.7 gigawatt hours in 2021, its market penetration rate in Fujan! Is ' for informational purposes only and are not intended for trading purposes: what happening... Of catls total revenue in 2021 firm enjoys strong improvements in turnover ratio, rapid growth in on... More cash from customers than it has spent on expenses throughout the last and! Report was approved on July 23, 2021 build several battery factories the... Strong differences in operating margin & net margin between CATL and the hand! Segment in CATL hoc announcements to financial and quarterly reports as well as presentations. And Guangdong provinces of China to collect more cash from customers than it has on! ( and Creating Chinas $ 440 billion Bet on Nuclear energy asset structure data is gathered from capital,... Percent year-on-year, according to the company, in 2021, a year-on-year increase 185.34. Leaders are committed to supporting customers and driving profitable growth highlights 2020 revenue 61 MUSD! Catl has had steady growth over the last years our award winning magazine `` Bloomberg Businessweek '' Bloomberg magazine! Our equipment due to the detailed source references and background information about statistic. An S-curve growth trend down or even impede new nickel purification processes [ 8 ] Gasgoo Automotive... We will deliver in December 2022 onindustries, regions, and more metrics of Caterpillars financial!
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