. CATL released its 2021 annual report on the evening of 21st April 2022. FSG is an affiliate of Fitch Ratings Inc. ('Fitch Ratings'). According to Bloomberg, this number is going to increase to 58% by 2040[3], [4]. 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. Need info on your own credit report? 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). Copyright 2021 Fitch Solutions Group Limited. 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. 2020. one part. 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. Car Wars: Is a Rise in Service Leading to Poor Customer Satisfaction? Investors expect CATL to thrive in the future market. Moreover, the company reports a yield of just 51.7%, emphasizing the need to maintain a high capacity-to-sales ratio going forward. 86 379 68658030. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. EBITDA development 1 (MUSD)-4-13 2018. 25-NSE. The company has been established in December 2011 by founder Zeng Yuqun alias Robin Zeng. Browse over 2,000 research reportsat the Fitch Solutions Store. Sources: FactSet, Dow Jones, ETF Movers: Includes ETFs & ETNs with volume of at least 50,000. 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. You need a Statista Account for unlimited access. The industries we serve are essential in our modern world. 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Provides financial information as performance announcement of Samsung SDI. Shareholders' Meeting. cmoc_group. By using our website or by closing this message box, you agree to our use of browser capability checks, and to our use of cookies as described in our Cookie Policy. CATL released its 2021 annual report on the evening of 21stApril 2022. When it comes to Europe, CATLs main concern is local politics that incentivize near-sourcing and especially the automotive industry in Germany is home to several of CATLs key customers. CATLs improving bargaining power drives up the leverage ratio, boosting ROE. Rich Experience in R&D and production of more than 12 years! ISSN 2576-1064 (print) Carol Massar and Tim Stenovec host a look back at the best interviews, discussions and more. [Online]. 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. On the other hand, energy storage has become the fastest growing business segment in CATL. Yes, I'd like to receive email communications on editorial features, special offers, research and events and webinars from Automotive News. The firm's net profit was 15.931 billion yuan, a year-on-year increase of 185.34%. 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. Corvus Energy. Use Ask Statista Research Service. That sounds like all the Chinese tech Giants are going Key Points Heres what you need to know. 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]. CATLs extensive change in operating expenses is mainly driven by interest income and expenses. Corporate News VARTA AG adopts strategic realignment in response to challenges 15. The 2018 figure was published here and the 2019 was published here. Meet some of our key peopleand explore our credentials. ", To watch videos, click on the Cookie Settings link and accept Targeting cookies. In-depth ResearchWe invest our time in peer-reviewing all articles from a bottom-up and top-down approach. FSG is solely responsible for the content of this report, without any input from Fitch Ratings. One Chinese yuan was approximately equal to 0.141157 U.S. dollars on April 22, 2020. articles a month for anyone to read, even non-subscribers! The first phase, which has now started, is said to have a capacity of 60 GWh per year. 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. 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. Were committed to building a better, more sustainable world. 603993@cmoc.com. CATLs sales to Tesla were RMB13 billion (~USD2 billion), accounting for 10% of CATLs total revenue in 2021. 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. 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). Danny Lee. 2022 ChineseAlpha.com - All rights reserved. We expect CATL to continue to invest in production sites and integrating elements of the local supply chains in Europe. Currently, you are using a shared account. 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 has recently made considerable investments to extend its supply chain control and secure raw material supply. 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 issued a semi-annual performance report stating that in the first half of 2021, operating income was approximately RMB 44.075 billion , an increase of 134.07% year-on-year ; net profit attributable to shareholders of listed companies was approximately RMB 4.484 billion, an increase of 131.45% year-on-year ; basic earnings per share were 1. . For more information, see ourPrivacy Policy. 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. 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. 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. Read & discuss the latest China news, their effects on stock prices, and get in touch with other investors in the ChineseAlpha community by joining our group on Telegram. The gigafactory will boast a capacity of 100 GWh[22]. ChineseAlpha is not liable for any losses that may arise from relying on information provided. 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). A commercially viable solid state-battery technology could disrupt the battery industry. Register in seconds and access exclusive features. Website (Gasgoo China Automotive News). Your download link will be emailed to you shortly. Financial Highlights 2020 Revenue 61 (MUSD) 46 29. Haig Partners: How are dealerships being valued today? Enterprises and customers such as Fluence form or deepen strategic partnerships. 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. Cat product offerings include articulated trucks, backhoe loaders, dozers, engines, excavators, generators, motor graders, skid steer loaders and wheel loaders. CATL's revenue from 2015 to 2020 (in billion Chinese yuan) [Graph]. 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. Based in Gillingham, England. Show publisher information Facebook: quarterly number of MAU (monthly active users) worldwide 2008-2022, Quarterly smartphone market share worldwide by vendor 2009-2022, Number of apps available in leading app stores Q3 2022, Profit from additional features with an Employee Account. 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). This report from Fitch Solutions Country Risk & Industry Research is a product of Fitch Solutions Group Ltd, UK Company registration number 08789939 ('FSG'). 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. February 15, 2023. Automotive manufacturers could insource battery cell production. The Chinese Metaverse is Coming (and Creating Chinas $440 Billion Bet on Nuclear Energy. 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. Fitch Solutions / Autos / China / Fri 12 Nov, 2021. Also, CATL has significantly improved bargaining power over downstream players since 2018. Global outlook on electricity generation 2020-2050, by energy source, Biggest planned green hydrogen projects globally August 2021, Global pumped storage capacity 2021, by leading country, Cumulative global energy storage deployment 2013-2030. We invest our time in peer-reviewing all articles from a bottom-up and top-down approach. Read corporate press releases and news announcements distributed by Caterpillar Inc. Our leaders are committed to supporting customers and driving profitable growth. In production sites and integrating elements of the local supply chains in Europe revenue 61 MUSD... Control and secure raw material supply to have a capacity of 100 [! 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