In 2020, CATL's Lithium-ion battery sales totaled 46.84GWh, up 14.36% Y-o-Y. CATLs improving bargaining power drives up the leverage ratio, boosting ROE. 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%. Also, CATL has significantly improved bargaining power over downstream players since 2018. Why? As of the close of trading on April 21 this year, its stock price has fallen by more than 40% from its high point. Visit website. Our teams are dedicated to connecting you with what you need, quickly, efficiently, and professionally. Its liquidity has been lower in 2020 due to the impacts of the Corona crisis but the business has rebounded since then. 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. November 2022 PDF (157.66 KB) Choose your news we will deliver. Annual Report. As of 2021, there is a huge battery cell supply shortage and with Teslas ambitions for long-range trucks, this shortage will continue into the future[27]. Enterprises and customers such as Fluence form or deepen strategic partnerships. Furthermore, CATL said its basic earnings per share in H1 2022 was 3.5233 yuan, a jump over the 1.9416 yuan for H1 2021. Carol Massar and Tim Stenovec host a look back at the best interviews, discussions and more. Panasonic Corporation today reported its consolidated financial results for fiscal 2021, the year ended March 31, 2021. Supply chain bottlenecks in Nickel and Cobalt have already made it increasingly difficult to hold up with demand. - Net profit hit CNY 4.5 billion, representing a 131.5% growth. 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%. CATL has strong liquidity. 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. [Online]. 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]. 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. Show publisher information Finding a cost-effective and efficient solid-state battery for electric vehicles could prove equivalent to finding the golden fleece in Greek mythology. This means that based on current projections, CATL would host more capacity on its own than the US and Europe combined. 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. 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. Sales of power battery systems were the company's main source of revenue, contributing RMB 91.49 billion last year, up 132.06 percent year-on-year. Keith Bradsher/The New York. The company has been established in December 2011 by founder Zeng Yuqun alias Robin Zeng. Financial Information. 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. To use individual functions (e.g., mark statistics as favourites, set The CATL gigafactory will have a production capacity of 24 GWh and will create 2000 jobs by 2024[28]. Understand Caterpillar at a glance through resources including our Caterpillar fact sheet, our corporate profile, and more. The move towards LFP batteries will on the one hand decrease Teslas supply chain risk as LFP batteries do not require any bottleneck resources (nickel and cobalt) and on the other hand increase the number of Teslas sourcing channels overall. Thank you. In the past years the concept of the metaverse has become increasingly prevalent. 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 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. Learn more about how Statista can support your business. Annual report 2020. 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. 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. 30 North Colonnade, London E14 5GN, UK. All rights reserved. In Japan, the firm is expected to build an energy storage business with an established local player that would grant it further access to non-active battery materials. CATLs sales to Tesla were RMB13 billion (~USD2 billion), accounting for 10% of CATLs total revenue in 2021. 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. Annual Reports. 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. Any copying, republication or redistribution of Lipper content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of Lipper. 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: An electric car factory run by a Chinese company, Nio, in Hefei, China. CATLs cash flow can cover capex; cash on hand continues rising[32]. 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. Meritor 2018 Summary Annual Report and 10-K 2.4 MB. Its operating income reached 130.356 billion yuan ($20.1 billion) in 2021, a year-on-year increase of 159.06%. Subsequently, the stock price of Ningde era corrected. Explore knowledge that cuts throughthe noise, with award-winning data,research, and tools. Q3 2022 operating results consistent with company expectations; full-year total spending guidance at the low end of the $715 million to $790 million range. The figures for 2016 through 2017 were taken from this article released in June 2018. Stocks: Real-time U.S. stock quotes reflect trades reported through Nasdaq only; comprehensive quotes and volume reflect trading in all markets and are delayed at least 15 minutes. Fitch Solutions / Autos / China / Fri 12 Nov, 2021. CATLs upstream supply chain is heavily anchored within China and the firms growth is heavily intertwined with Chinas economic development. Browse over 2,000 research reportsat the Fitch Solutions Store. Sources: FactSet, Tullett Prebon, Currencies: Currency quotes are updated in real-time. Allstate: Compliance standards are changing. 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. 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. Fitch Solutions Group Limited All rights reserved. Get full access to all features within our Business Solutions. In 2020, CATL's revenue totaled around 50 billion Chinese yuan. 2019. Website (Gasgoo China Automotive News). A cooperation with Nio extends CATLs business operations downstream. Moreover, the firm has continued to collect more cash from customers than it has spent on expenses throughout the last years. According to CATL 's latest financial reports the company's current revenue (TTM) is $39.87 B . 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. This cooperation with Apple offers great potential for CATL to secure future growth and integrate themselves long term within the US market[11]. 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. Sources: CoinDesk (Bitcoin), Kraken (all other cryptocurrencies), Calendars and Economy: 'Actual' numbers are added to the table after economic reports are released. 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 . 22.6% . to incorporate the statistic into your presentation at any time. 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). Yes, I'd like to receive email communications on editorial features, special offers, research and events and webinars from Automotive News. Romaine Bostick breaks down the day's top stories and trading action leading into the close. ChineseAlpha is not liable for any losses that may arise from relying on information provided. Find a list of Frequently Asked Questions (FAQs) about Caterpillar and our brands. Please select at least one newsletter to subscribe. Nickel prices have rallied over the past year and competition over secure, long-term supply becomes increasingly fierce. Worldwide electric car sales topped 2.3 million sales in 2019 (2.7% of 85 million cars sold) and 3.3 million in 2020 (4.7% of 70 million cars sold [1], [2]. In August 2021, reports emerged that CATL is considering acquiring a minority stake in the Chinese miner. 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. 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. 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. That CATL is considering acquiring a minority stake in the past years the concept of metaverse... Year-On-Year increase of 159.06 % 2016 through 2017 were taken from this released! The Chinese miner 'd like to receive email communications on editorial features, special offers, research and events webinars. And 10-K 2.4 MB in real-time back at the best interviews, discussions and more you with what need. Has continued to collect more cash from customers than it has spent on expenses throughout last. Over the past years the concept of the Corona crisis but the business has rebounded since then from on. 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