ISSN 0005-1551 (print) 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. Change value during other periods is calculated as the difference between the last trade and the most recent settle. articles a month for anyone to read, even non-subscribers! 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. One Chinese yuan was approximately equal to 0.141157 U.S. dollars on April 22, 2020. Toyota has secured over 1000 patents involving solid-state batteries[19]. 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. Our latest articles and views onindustries, regions, and topics. 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. Our team offers customer-focused services and technology. In 2020, CATL's Lithium-ion battery sales totaled 46.84GWh, up 14.36% Y-o-Y. You need at least a Starter Account to use this feature. Thank you. CATL is bent on European expansion because it expects huge growth in the European electric vehicle market in response to the EUs tighter CO2 requirements for 2030. 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. For the EV market leader, the production of battery cells is relatively easy, but scaling production of battery cells is very hard. This indicates that CATL has had steady growth over the last years and this growth has remained steady throughout Q1 2021. Source: CATL official WeChat account press release) Shareholders -Listed on Shenzhen Stock Exchange (As of December 31, 2021) Products Over 26 months, the planned land area of the project is about 1,900 mu. About Panasonic Group . CATLs net margin of 11,1% is excellent. 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%. Our teams are dedicated to connecting you with what you need, quickly, efficiently, and professionally. 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 . 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. CATL is strengthening its market position by becoming a supplier of lithium iron phosphate batteries for TESLA. While it might seem that we are not confronted with the metaverse Auto-generated video transcript: Nickel prices have rallied over the past year and competition over secure, long-term supply becomes increasingly fierce. Moreover, the company reports a yield of just 51.7%, emphasizing the need to maintain a high capacity-to-sales ratio going forward. 11,30% is a very respectable ROE for the industry. View our current and historical quarterly and annual reports, annual information form, and management proxy circular. The popular discussions on solid-state batteries have brought development both in academia and industry. Visit website. According to Bloomberg, this number is going to increase to 58% by 2040[3], [4]. The company has been established in December 2011 by founder Zeng Yuqun alias Robin Zeng. CATL is tendered to supply critical parts for APPLEs planned US battery production. CATL released its 2021 annual report on the evening of 21stApril 2022. ChineseAlpha is not liable for any losses that may arise from relying on information provided. 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. To use individual functions (e.g., mark statistics as favourites, set SHANGHAI - CATL, the world's largest battery maker, estimated net profits last year surged 151 percent to 196 percent behind the explosive growth in electrified-vehicle and energy storage. As a Premium user you get access to background information and details about the release of this statistic. Fiscal year is January-December. 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]. 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 industries we serve are essential in our modern world. In, Website (Gasgoo China Automotive News). 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 . Finding a cost-effective and efficient solid-state battery for electric vehicles could prove equivalent to finding the golden fleece in Greek mythology. 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 . At the same time, CATL disclosed in its financial report that its annual battery capacity has increased from 69.10GWh in 2020 to 170.39Gwh in 2021, an increase of about 1.47 times. The gross profit for EV battery, energy storage battery, and battery material are 22%, 28.5%, and 25.1%, respectively. Choose your news we will deliver. As of the close on April 21, the share price of CATL was reported at 409.11 yuan per share, a slight increase of 0.52%, and the total market value was 953.575 billion yuan. Discover how we canmeet your requirements. Details of Directors, Executive, Controlling Person, Person in charge of Finance and Accounting, Head of Controller and Company Secretary . 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. 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]. 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. 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. 300750.CN | Contemporary Amperex Technology Co. Ltd. Shareholders' Meeting. Current Chinese and EU politics impact the EV markets. The company's supply framework agreement with Tesla, signed in June 2021, provides for the company to supply products to Tesla from 2022 to 2025, the annual report said. Our data is gathered from Capital IQ, DataYes, and trusted news sources. The Panasonic share price had been hit hard after Elon Musk said in September 2020 that Tesla would bring in-house the manufacturing of bigger lithium-ion battery cells[21]. 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 ROE measures the profitability of a business in relation to its equity. Enclosure: Annual Report 2021 (Form 56-1 One Report) Documents. CATL has already commenced production of its first overseas factory in central Germany. We invest our time in peer-reviewing all articles from a bottom-up and top-down approach. Annual Report. The first phase, which has now started, is said to have a capacity of 60 GWh per year. According to CATL's H1 2021 financial announcement: - Revenue rose by 134.1%, reaching CNY 44.1 billion. Why Chinese tech Giants are embracing the Metaverse despite state media warnings. 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On Thursday, Chinese battery giant CATL released its 2021 annual report. In China, policymakers were early to identify the auto market as a primary target for economic stimulus. In addition, there are further branches in Shanghai, Jiangsu, Qinghai, Foshan, as well as overseas branches in Munich, Paris, the USA and Japan[7]. ", 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. Cat hats, boots, shoes, bags, models, phones, watches and so much more. We leverage our expertise and partnerships to provide in-depth and insightful reports. CATLs gamble on Chinese policies has paid out until now and this support will continue for Chinas number 1 battery manufacturer. 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. Profit from the additional features of your individual account. You need a Statista Account for unlimited access. Source: FactSet, Indexes: Index quotes may be real-time or delayed as per exchange requirements; refer to time stamps for information on any delays. But one has to put the insourcing ambitions of original equipment manufacturers into perspective. For their electric vehicle line, the majority of global car manufacturers rely on MNC battery cells, cells with a 50-80% nickel, 10-20% manganese, and 10-30% cobalt cathode composition. 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]. - Net profit hit CNY 4.5 billion, representing a 131.5% growth. Our Chinese stock analyses are tailored to educate our readers on business fundamentals, industry, financials, and macroeconomics, broken down into easy-to-understand and straightforward concepts. Source: FactSet, Markets Diary: Data on U.S. Overview page represent trading in all U.S. markets and updates until 8 p.m. See Closing Diaries table for 4 p.m. closing data. ISSN 2576-1072 (online), Tesla readies revamp of Model Y code-named Juniper, report says, VW under fire over Xinjiang plant after China chief visit, Li Auto Q1 sales, revenue outlook soars on growing EV lineup, Sponsored Content: Ally All Ears Podcast | How F&I is driving dealership profits, Sponsored Content: Understanding automotive connected consumers | Amazon Ads. Our expert analysts and guest speakers discuss short- and long-term political and geopolitical risk. Insight and analysis of top stories from our award winning magazine "Bloomberg Businessweek". Delphi Automotive PLC is a high-technology company that integrates safer, greener and more connected solutions for the automotive sector. The company held a net cash position of CNY34 billion in 1H21. Show publisher information The net profit rose by 185% y-o-y to RMB15.9 billion (~USD2.45 billion). 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. Statement of Changes in Beneficial Ownership. As of the close of trading on April 21 this year, its stock price has fallen by more than 40% from its high point. FUZHOU - Contemporary Amperex Technology Co Ltd (CATL), China's largest automotive lithium-ion battery maker, posted strong profit growth in 2020 despite the COVID-19 pandemic. In total, we have over 20 sources to cross-verify. Looking back at the last five years, CATL's net income peaked in Q4 2020 at 333.97 million USD. What is happening in China is more important for the EV market growth prospects than what is happening in Europe or America. Experienced AnalystsThe team has high-level experience working for blue-chip institutions like J.P. Morgan and Citibank and has industry knowledge from consulting firms like Accenture, Deloitte, or Roland Berger. In the first three quarters of 2021, the company derived 21 percent of revenue from international markets, up from just 3.5 percent in 2018, according to Everbright Securities, a Shanghai-based investment bank. The major companies in the market are Panasonic Corporation, LG Chem Ltd, Contemporary Amperex Technology Co. Ltd, Samsung SDI Co. Ltd, and BYD Co. Ltd. Supply Chain partner Tesla will be multisourcing LFP battery packs. 2022 ChineseAlpha.com - All rights reserved. In the last years, CATLs cash flow has fully covered capex. We expect CATL will seek to capitalise on this elevated demand outlook through its partnerships with US-based automakers and potentially a direct investment into a site in the US over the longer term. 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. Thank you for registering. In 2021 the EV sales growth rate is being hampered by the consequences of the Corona pandemic. statistic alerts) please log in with your personal account. 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. For more information, see ourPrivacy Policy. ET by Barron's Autos NIO Stock Slumps After Short-Seller Questions Battery Sales. On April 21, the lowest share price of CATL was 398.90 yuan per share, the lowest since June last year. Check out these reports. Haig Partners: How are dealerships being valued today? CMOCgroup Expert analysis of opportunities and risks across emerging and frontier markets. Enclosure 1. 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. 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. 22.6% . North Yihe, Huamei Shan Road, Luanchuan, Luoyang City, Henan Province, China. Net profit totaled 5.58 billion yuan ($861 million) last year, a year-on-year rise of 22.4 percent, CATL said in its annual report filed with the Shenzhen Stock Exchange. We meet customers where they are with our tailored solutions. to incorporate the statistic into your presentation at any time. 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 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). NIO's move is aimed at reducing its reliance on suppliers such as CATL . Danny Lee. Learn more about Caterpillars strategy for long-term profitable growth while striving to meet strong customer demand. Striving to meet strong customer demand the evening of 21stApril 2022 APPLEs planned US battery production steady! 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