BYD to take on Mercedes-Benz G-Class with 1st model of F brand, report says, China NEV insurance registrations for week ending Feb 26: BYD 39,473, Tesla 10,705, NIO 3,357, NIO has started construction of its battery plant phase 1, report says, NIO says F1 plant running normally after rumors of production halt swirl, NIO reports record Q4 revenue, but falls short of expectations, BYD posts 193,655 NEV sales in Feb, up 28% from Jan, NIO delivers 12,157 vehicles in Feb, up 43% from Jan, Zeekr delivers 5,455 vehicles in Feb, up 75% from Jan. Apple has made building manufacturing facilities in the United States a condition for potential battery suppliers. Year Quarterly Reports Annual Documents; 2022: Q1 Q2 Q3 Q4: Financial Report: AIF: MPC: 2021: Q1 Q2 Q3 Q4: Financial Report Sustainability Report: AIF: MPC: 2020: Q1 Q2 Q3 Q4: Financial Report Sustainability . 11,30% is a very respectable ROE for the industry. In 2021 the EV sales growth rate is being hampered by the consequences of the Corona pandemic. The CATL gigafactory will have a production capacity of 24 GWh and will create 2000 jobs by 2024[28]. Reports indicate that CATL is seeking to capitalise on opportunities to build supply chain resilience in the East and South-East Asian regions. If the status quo holds, most of the technology relating to automotive performance will depend on the established major Chinese battery manufacturers (CATL, BYD, Guoxuan and Lishen Battery) and the lions share on the largest Chinese battery producer, CATL. Rich Experience in R&D and production of more than 12 years! The company debuted on the stock exchange in June. 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. 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. Click here for "Analysis Report: Lithium-Ion Battery (Chinese Market) -In 2021, CATL was No. Our team offers customer-focused services and technology. 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. Important mentions are Volkswagens recent acquisition of Quantum Scape, a solid-state battery startup Stanford University spin-off and the Hyundai partner Ionic Materials, who have both said they want to have developed a commercially viable solid-state battery technology by 2025[20]. The total investment of the project will not exceed 13 billion yuan. CATL. Fitch Solutions Group Limited All rights reserved. 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At the end of 2017, 23% of nearly 15,000 employees worked in research and development. 10,000+ Employees. Data may be intentionally delayed pursuant to supplier requirements. 2019. The sales numbers will portray a steady % growth increase over the next years until market saturation effects take effect from 2028 onwards that moderate the year-to-year growth rate increase. NISSAN: 2022 Pathfinder and 2022 Frontier. Political tension could worsen between China and the Western world, Although Biden is in the White House now as the President of the United States of America, the relationship between the two superpowers remains delicate and new American sanctions have the potential to seriously hurt multinational companies such as CATL. As a result, we expect annual capex of CNY20 billion-45 billion in 2021-2024. CATL has a very high P/E ratio compared to its direct competitors. Former CATL Directors & Associate Directors; Our Mission; Consultations; Programs & Grants. 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. The Chinese battery cell manufacturer CATL has started production at its largest plant to date in Fuding near Ningde in Fujian province, which is to offer an annual capacity of 120 GWh when completed. It is a buy. To read the article please click on the link we have sent to your email address. For more information, see ourPrivacy Policy. Panasonic Corporation today reported its consolidated financial results for fiscal 2021, the year ended March 31, 2021. Change value during other periods is calculated as the difference between the last trade and the most recent settle. 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. Operating margin measures the percentage of revenue a company keeps as operating profit. Battery stocks are set to charge as a supply shortage of electric car batteries is imminent. 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]. The battery pack price is continuing to fall as economies of scale, scope and learning come into play. Romaine Bostick breaks down the day's top stories and trading action leading into the close. Challenges including high capital expenditure (capex) and environmental impact may slow down or even impede new nickel purification processes[8]. 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. Sources: FactSet, Dow Jones, Bonds: Bond quotes are updated in real-time. 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. 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. Construction, mining, energy and rail. Fiscal year is January-December. 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]. Date Filing Type Filing Description Download / View. Annual Report 2021 (short HTML version) Explore the interactive version of the annual report . Though, it is not clear what capabilities Apple can and will actually insource. Meritor 2020 Summary Annual Report and 10-K 2 MB. 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. 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. The firm's net profit was 15.931 billion yuan, a year-on-year increase of 185.34%. 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. CATLs revenue was RMB130.4 billion (~USD20 billion), a 159% y-o-y increase from 2020. . Thank you for registering. (2021). Caterpillar is committed to ensuring our workplace is diverse and representative of the many customers we serve around the globe. 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. High quality-No complaint! Secretary of Agriculture Designate Seth Meyer Agricultural Statistics Board Chairperson Joseph L. Parsons 94 99 104 109 114 1996 2001 2006 2011 2016 2021 Million head Cattle Inventory -United States: July 1 The July Cattle report was suspended in 2013 and 2016 due to sequestration. CATL is tendered to supply critical parts for APPLEs planned US battery production. Your download link will be emailed to you shortly. You can unsubscribe at any time through links in these emails. The gigafactory will boast a capacity of 100 GWh[22]. All rights reserved. It shows that CATL is able to effectively control its costs and provide goods at a price significantly higher than its costs.CATL is on par with Panasonic and outperforms Lg Chem and Samsung SDI when it comes to its return on equity. Tesla will at least dual-source LFP battery packs and as of now also include another Chinese player, EVE Energy, in its supply chain. 86 379 68658029. CATLs battery pack prices continue to fall, albeit at a slower pace as in the preceding years. 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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. On Thursday, Chinese battery giant CATL released its 2021 annual report. Copyright 2023 Fitch Solutions, Inc., Fitch Ratings, Inc. and their subsidiaries, account for an annualised average of 26.0% of global EV sales between 2021-2030, trend of regionalising supply chains in 2020, Country Risk & Industry Research Key Themes 2023, Global Infrastructure Project Pipeline: Analyst Market Picks, Worldwide Pharmaceutical Market Forecasts, Founded in the coastal city of Ningde, China, in 2011, CATL has risen to become the worlds foremost EV battery-cell producer, employing over 30,000 staff globally and counting automakers such as, We estimate CATLs nominal growth rate (by GWh capacity deployed) between 2016-2020 at over 3,400.0%, more than double that of its closest competitor, South Koreas. 48207-2997, Automotive News You need a Statista Account for unlimited access. 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. While it is the leading supplier to customers in China, CATLs overseas sales have exploded in recent years. Tesla, Ford and VW have plans to manufacture their own batteries for electric vehicles. Advanced automatic production line! Disclaimer: Our content is intended to be used solely for informational and educational purposes, and not as investment advice. Market research suggests that around 30% of global passenger vehicle sales will be electric vehicles by 2030. The market share of CATL has increased significantly to 32.60% from 24.60% in 2020, enhancing its leading position in the market. Panasonic Holdings Corporation. CATL's revenue was RMB130.4 billion (~USD20 billion), a 159% y-o-y increase from 2020. CATLs extensive change in operating expenses is mainly driven by interest income and expenses. 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. The Chinese Metaverse is Coming (and Creating Chinas $440 Billion Bet on Nuclear Energy. Discover how we canmeet your requirements. Our teams are dedicated to connecting you with what you need, quickly, efficiently, and professionally. What is happening in China is more important for the EV market growth prospects than what is happening in Europe or America. We expect nominal sales growth of 1555.8% between 2020 and 2030 in the US, with EV sales reaching over 5.0mn units in 2030 from just 306,000 in 2020. 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. 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. Its shares have risen some 18% this year as sales soar. 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