catl annual report 2021

CATLs cash flow can cover capex; cash on hand continues rising[32]. 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]. Moreover, the company reports a yield of just 51.7%, emphasizing the need to maintain a high capacity-to-sales ratio going forward. Details of Directors, Executive, Controlling Person, Person in charge of Finance and Accounting, Head of Controller and Company Secretary . Accessed March 01, 2023. https://www.statista.com/statistics/875511/revenue-of-catl/. ", 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. Meritor 2018 Summary Annual Report and 10-K 2.4 MB. Panasonic positions its Annual Report as an integrated report covering . 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. As of December 31, 2021, the total assets of CATL were approximately 307.667 billion yuan, an increase of 96.44% from the end of 2020. Thank you for registering. 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 . Furthermore, CATL has no net debt. to incorporate the statistic into your presentation at any time. Compared to previous years, its net income decreased in 2018 by 10.9% and increased in 2017 by 43.7%, in 2019 by 34.2% and in 2020 by 21.8%. Finding a cost-effective and efficient solid-state battery for electric vehicles could prove equivalent to finding the golden fleece in Greek mythology. In addition, there are further branches in Shanghai, Jiangsu, Qinghai, Foshan, as well as overseas branches in Munich, Paris, the USA and Japan[7]. For standard LiBs, reports indicate that CATL primarily utilises the Lithium Nickel Cobalt Manganese Oxide (NMC) cathode chemistry which has a good energy density and by extension vehicle range. 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. CATLs strategic vision is to utilize electrification and intelligentization to realize integrated innovation of market applications, utilize EV batteries to replace mobile fossil energy and utilize renewable energy generation and energy storage to replace stationary fossil energy[6]. Meritor 2020 Summary Annual Report and 10-K 2 MB. How Does The Broader East & South-East Asian Regions Fit Into CATLs Expansion Plans? 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. These range from corporate news and ad hoc announcements to financial and quarterly reports as well as company presentations. 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: UniCredit Raises CEO Orcels Target Pay by 30% After Strong Year, Tesla Factory Buzz Helps Drive Mexican Peso Near Five-Year High, Feds Bostic Urges 5% to 5.25% Rates Into 2024 to Curb Inflation, Mexico Could Consider Slowing Pace of Rate Hikes, Banxico Deputy Mejia Says, Fed Officials Lean Into Higher Rates as Inflation Keeps Going, Waymo Cuts Jobs as Parent Company Alphabet Focuses on AI, Amazon Ring CEO Steps Aside for Former Microsoft, Meta Executive, OpenAIMakes ChatGPTAvailable for Companies to Integratein Apps, Elliott Nominates Salesforce Directors Building Pressure to Boost Profit, Why Mexicos Protests Show Anxiety on AMLO and Democracy, Republicans Anti-ESG Bill on Track to Pass Senate and Prompt Biden Veto, Burry Sees 'Terrible Consequences' From Student Loan Forgiveness, Two Office Landlords Defaulting May Be Just the Beginning, This Starbucks VP Turned Caribbean Rum Distiller Is the Anti-Captain Morgan, Powerade Signs Ja Morant to Multiyear Deal to Be Its New Face, Bank CDs Are an Insult to Americas Savers, Poor Voters Are Losing Out in the Culture Wars, Gina Raimondo Becomes China Player in a Job Where Her Predecessor Used to Nap, Russian Airlines Are Flying High Despite Sanctions, The NFLsTop Talent Agency Bought by Venture Investors, Women in the EU Arent Set for Equal Pay Until 2086, Santander Failed to Make Progress With Gender Pay Gap in 2022, Gas Stoves Are One Step Closer to New Rules, England Sees Driest February in 30 Years as UK Rainfall Dwindles, Another Blow to City Centers: Retail Stores Move Outward, New York City Isnt Waiting for the White House to Enforce Fair Housing, Singapore Crypto Lender Hodlnaut's Founders Propose Selling Business Rather Than Liquidating Firm, Celsius Examiner Report Mentions FTX More Than 150 Times. The batteries for Nios leasing service will be supplied by a company established by Chinese battery makers including leader Contemporary Amperex Technology Co Ltd[12]. In August 2021, reports emerged that CATL is considering acquiring a minority stake in the Chinese miner Jinchuan Group International Resources Co. with a strategy to securing access to critical battery materials - the move would be aligned with the upstream vertical integration strategies of other battery cell manufacturers. 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. CATL is the fastest-growing provider of EV batteries worldwide. The gigafactory will boast a capacity of 100 GWh[22]. One can expect that the number of electric vehicles that are sold per year increases exponentially until 2028. Currently, you are using a shared account. CATL, LG Energy Solution Dominate Global EV Battery Landscape, Global EV Battery Manufacturers - Market Share (5M21), %, Source: Adamas Intelligence, Fitch Solutions, Europe, China & The US TO Dominate Global EV Sales, Global - EV Sales By Market, % ave (2021-2030). CATL has emerged as one of the biggest winners of the electric car boom, along with Tesla. Statement of Changes in Beneficial Ownership. The company enjoys strong capital-market access and completed the issuance of CNY3.0 billion of five-year onshore bonds in January 2020 and a CNY19.7 billion equity placement in July 2020[31]. On this page, we provide you with all of the publications of VARTA AG. Meritor 2019 Summary Annual Report and 10-K 4.3 MB. Osaka, Japan - On January 19, 2022, Panasonic Corporation published the second part of its "Annual Report 2021" to complete the first part published in September 2021. CATL is the world's largest EV battery manufacturer. This year's Annual Report is published in a series of two parts to provide up-to-date information. The. Corvus Energy. Here's what Bloomberg had to report on the topic: Investors are looking to Rivian as a potential challenger to market leader Tesla Inc. In China, policymakers were early to identify the auto market as a primary target for economic stimulus. Stock and Corporate . 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. 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. CATL didnt disclose additional details about its 2021 performance. . Use Ask Statista Research Service. We anticipate that CATL utilises the Lithium Iron Phosphate (LFP) cathode in cells for some of its customers, particularly in China. 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. The company added that its operating cost between January and June 2022 . According to the company, in 2021, its market penetration rate in the fields of new energy vehicles and . Annual Reports. CMOCgroup 18, 2022 at 8:34 a.m. Headquartered in Gillingham, U.K., Delphi operates technical centers, manufacturing sites and customer support services in 44 countries. Annual report 2020. Our team offers customer-focused services and technology. You can only download this statistic as a Premium user. On the other hand, energy storage has become the fastest growing business segment in CATL. Change value during the period between open outcry settle and the commencement of the next day's trading is calculated as the difference between the last trade and the prior day's settle. ", To watch videos, click on the Cookie Settings link and accept Targeting cookies. Read corporate press releases and news announcements distributed by Caterpillar Inc. Our leaders are committed to supporting customers and driving profitable growth. The company debuted on the stock exchange in June. 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. [Online]. Magna to purchase a commercial fleet of 15 vehicles which we will deliver in December 2022. The plant will be located next to NIO's major manufacturing center in Hefei, in eastern China's Anhui province, the people said. 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. Meritor 2017 Summary Annual Report and 10-K 4.2 MB. Caterpillar is committed to ensuring our workplace is diverse and representative of the many customers we serve around the globe. Nickel prices have rallied over the past year and competition over secure, long-term supply becomes increasingly fierce. 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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. ISSN 2576-1064 (print) Highlights from a week-long virtual event bringing Bloomberg Businessweek magazine to life. The Fuding plant is CATL's largest single project to date. Its operating income reached 130.356 billion yuan ($20.1 billion) in 2021, a year-on-year increase of 159.06%. Overview and forecasts on trending topics, Industry and market insights and forecasts, Key figures and rankings about companies and products, Consumer and brand insights and preferences in various industries, Detailed information about political and social topics, All key figures about countries and regions, Market forecast and expert KPIs for 600+ segments in 150+ countries, Insights on consumer attitudes and behavior worldwide, Business information on 60m+ public and private companies, Detailed information for 35,000+ online stores and marketplaces. Still, the manufacturer scrapped its dividend and reported weaker profitability at its key power battery systems division as it warned of surging raw-materials costs. Know what you need but not surewhere to find it? November 2022 PDF (157.66 KB) "We remain committed to our strategy for long-term profitable growth, which is yielding strong results, and to living our Values in Action. As a result, we expect annual capex of CNY20 billion-45 billion in 2021-2024. Copyright 2022 Rho Motion. . For more information, see ourPrivacy Policy. Register in seconds and access exclusive features. This report provides an in-depth analysis of the global fundus camera market, market size (US$ Million), and compound annual growth rate (CAGR%) for the forecast period (2022-2030), considering . 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. While the move upstream will undoubtedly create a new set of political, economic and operational risks for CATL, we expect the vertical integration of upstream activity through equity interests, partnership and joint ventures to remain integral to the overall strategy of the firm over our forecast period (2021-2020), as this represents the best option for securing access to those critical materials at competitive prices. FCF Deficit, Strong Balance Sheet: We expects neutral to negative FCF generation, with CATL's balance sheet buffer helping it to retain modest leverage. Why Chinese tech Giants are embracing the Metaverse despite state media warnings. 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. Net profit totaled 5.58 billion yuan (about 861 million U.S. dollars) last year, a year-on-year rise of 22.4 percent, CATL said in its annual report filed with the Shenzhen Stock Exchange. If you are an admin, please authenticate by logging in again. Construction, mining, energy and rail. 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. You can unsubscribe at any time through links in these emails. 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. The battery pack price is continuing to fall as economies of scale, scope and learning come into play. The companys net income for fiscal years 2017 to 2020 averaged 652.82 million USD. 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. China produces 72% of the worlds lithium-ion battery cells today and if you want to take advantage of the massive electric vehicle revolution, it is critical to understand the Chinese market and its most prominent players in the industry, such as CATL. One Chinese yuan was approximately equal to 0.141157 U.S. dollars on April 22, 2020. All rights reserved. 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]. And the capacity utilization rate was 95% in 2021. Learn more about how Statista can support your business. Moreover, the firm has continued to collect more cash from customers than it has spent on expenses throughout the last years.
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