4. As a result, we expect annual capex of CNY20 billion-45 billion in 2021-2024. 86 379 68658029. 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 . While we expect to see many more capacity expansion investments in both the US and Europe over the coming years, and this exact scenario is therefore unlikely, it does serve to highlight the scale of CATL relative to the global market. Meritor 2019 Summary Annual Report and 10-K 4.3 MB. 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. 2021 2020 2019 2018 2017 5-year trend; Sales/Revenue: 256,840: 173,547: 143,075: 151,502: 120,596 CATL has already commenced production of its first overseas factory in central Germany. CATLs cash flow can cover capex; cash on hand continues rising[32]. Corvus Energy. CATL released its 2021 annual report on the evening of 21st April 2022. Meritor 2020 Summary Annual Report and 10-K 2 MB. 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. Apple has made building manufacturing facilities in the United States a condition for potential battery suppliers. A paid subscription is required for full access. 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. Website (Gasgoo China Automotive News). All rights reserved. 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. 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. 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]. ET by Barron's Autos NIO Stock Slumps After Short-Seller Questions Battery Sales. 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. ISSN 1557-7686 (online), Fixed Ops Journal Cat product offerings include articulated trucks, backhoe loaders, dozers, engines, excavators, generators, motor graders, skid steer loaders and wheel loaders. In the last years, CATLs cash flow has fully covered capex. The CATL gigafactory will have a production capacity of 24 GWh and will create 2000 jobs by 2024[28]. 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. 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 . 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. . View SEDAR filings. Then you can access your favorite statistics via the star in the header. We leverage our expertise and partnerships to provide in-depth and insightful reports. 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. NISSAN: 2022 Pathfinder and 2022 Frontier. The total investment of the project will not exceed 13 billion yuan. To learn more about our EV and battery market analysis, complete our contact form and we'll be in touch shortly to discuss the best options for you and your business. Phate is the founder and main author of CnEVPost. Choose your news we will deliver. According to Bloomberg, this number is going to increase to 58% by 2040[3], [4]. 300750.CN | Contemporary Amperex Technology Co. Ltd. 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. Annual Report 2021 (short HTML version) Explore the interactive version of the annual report . 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. Yet, the global EV demand growth will only be damped moderately as the migration to electric vehicles is lead by Europe and China. 11,30% is a very respectable ROE for the industry. Supply chain bottlenecks in Nickel and Cobalt have already made it increasingly difficult to hold up with demand. Its operating income reached 130.356 billion yuan ($20.1 billion) in 2021, a year-on-year increase of 159.06%. The battery pack price is continuing to fall as economies of scale, scope and learning come into play. 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. statistic alerts) please log in with your personal account. 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). High quality-No complaint! 48207-2997, Automotive News You need a Statista Account for unlimited access. 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. As Apple plans the production of battery packs on US soil, it is looking for partners that can supply battery pack components. FSG is solely responsible for the content of this report, without any input from Fitch Ratings. Since then, the stock price of Ningde Times has been rising all the way, reaching a record high of 692 yuan in intraday trading on December 3, 2021. 86 379 68658030. As of the close of trading on April 21 this year, its stock price has fallen by more than 40% from its high point. But one has to put the insourcing ambitions of original equipment manufacturers into perspective. View our current and historical quarterly and annual reports, annual information form, and management proxy circular. In addition, cash inflows are much higher than net profit. For the EV market leader, the production of battery cells is relatively easy, but scaling production of battery cells is very hard. It is a buy. 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. OEM&ODM custom services! In August 2021, the Shenzhen listed (SZSE) battery-cell producer announced that it was planning a USD9.0bn private share placement to fund six projects aimed at boosting its LiB production capacity. 2018. Its unrestricted cash and cash equivalents to short-term borrowings have a ratio of 8 to 1. Visit and get more detail information. 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. 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The primary strategy appears to be to build capacity and resilience in their local market by expanding those regionalised supply chains. April 28, 2021. 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Profit from the additional features of your individual account. Details of Directors, Executive, Controlling Person, Person in charge of Finance and Accounting, Head of Controller and Company Secretary . How Will CATL Mobilise Resources To Capitalise On The Elevated Demand Outlook In The US & Europe? Annual report 2020. The net profit rose by 185% y-o-y to RMB15.9 billion (~USD2.45 billion). Haig Partners: How are dealerships being valued today? CATL has a very high P/E ratio compared to its direct competitors. Thank you. Chinese firm says lithium inflation adding price pressures, Manufacturer investing $2 billion in new Xiamen factory. As soon as this statistic is updated, you will immediately be notified via e-mail. Contact via: phate@cnevpost.com. Yes, I'd like to receive email communications on editorial features, special offers, research and events and webinars from Automotive News. 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. CSI/CATL's lithium battery packs power over 330,000 commercial electric vehicles. What is happening in China is more important for the EV market growth prospects than what is happening in Europe or America. ISSN 2576-1064 (print) Former CATL Directors & Associate Directors; Our Mission; Consultations; Programs & Grants. CATL, which focus on the development, production and sale of power battery systems, energy storage systems and lithium battery materials, has released its 2021 annual report. An all-time low of oil prices is on the horizon. February 15, 2023. 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]. 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. Based in Gillingham, England. 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. Fitch Solutions Group Limited All rights reserved. Check out these reports. Outstanding Services, Customer-Focused Team. Romaine Bostick breaks down the day's top stories and trading action leading into the close. The company has been established in December 2011 by founder Zeng Yuqun alias Robin Zeng. This indicates that CATL has had steady growth over the last years and this growth has remained steady throughout Q1 2021. In total, CATL reports production capacity of 69.1 GWh for 2020 (74.8% utilized) with an additional 77.5 GWh under construction. Sources: FactSet, Dow Jones, Stock Movers: Gainers, decliners and most actives market activity tables are a combination of NYSE, Nasdaq, NYSE American and NYSE Arca listings. Copyright 2022 Rho Motion. 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. 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. 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. In Indonesia, CATL is planning to invest over USD5.0bn in the exploration of lithium and nickel projects. "CATL's revenue from 2015 to 2020 (in billion Chinese yuan)." cmoc_group. Meritor 2018 Summary Annual Report and 10-K 2.4 MB. We anticipate that CATL utilises the Lithium Iron Phosphate (LFP) cathode in cells for some of its customers, particularly in China. 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 . This report from Fitch Solutions Country Risk & Industry Research is a product of Fitch Solutions Group Ltd, UK Company registration number 08789939 ('FSG'). Subsequently, the stock price of Ningde era corrected. "Catl's Revenue from 2015 to 2020 (in Billion Chinese Yuan). One can expect that the number of electric vehicles that are sold per year increases exponentially until 2028. 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. 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. CATLs total assets (cash, investments and everything that the business owns that can be liquidated into cash) have been steadily increasing over the last four years. Panasonic Holdings Corporation. 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 . 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 electric vehicle battery market is moderately fragmented. Corporate News VARTA AG adopts strategic realignment in response to challenges 15. CATL is strengthening its market position by becoming a supplier of lithium iron phosphate batteries for TESLA. November 2022 PDF (157.66 KB) Why Chinese tech Giants are embracing the Metaverse despite state media warnings. Delphi Automotive PLC is a high-technology company that integrates safer, greener and more connected solutions for the automotive sector. Annual Income Statement - WSJ DJIA Futures 34028 0.27% U.S. 10 Yr 23/32 Yield 3.742% Euro 1.0723 0.12% Subscribe Sign In Contemporary. Consumer demand remains strong. Annual Reports and Form 56-1. Who We Are What We Do Sustainability Corporate Governance . To read the article please click on the link we have sent to your email address. 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. 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. Tesla will at least dual-source LFP battery packs and as of now also include another Chinese player, EVE Energy, in its supply chain. Annual Reports Meritor 2021 Summary Annual Report and 10-K 5.3 MB. The gross profit for EV battery, energy storage battery, and battery material are 22%, 28.5%, and 25.1%, respectively. 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. 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%. 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. 30 North Colonnade, London E14 5GN, UK. 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]. Tesla, Ford and VW have plans to manufacture their own batteries for electric vehicles. Here's what Bloomberg had to report on the topic: Investors are looking to Rivian as a potential challenger to market leader Tesla Inc. 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. What Is CATLs Existing Capacity Outlook? 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. CMOCgroup 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. Our team offers customer-focused services and technology. Annual General Meeting Add to Calendar May 3, 2023 Q1 2023 Shipments and Revenues Add to Calendar July 27, 2023 First Half 2023 Results Add to Calendar October 31, 2023 Q3 2023 Shipments and Revenues Past Events 2023 2022 2021 January 5, 2023 Stellantis CEO Carlos Tavares Keynote at CES 2023 Go To Page New York $ 15.85 0.82 % Understand Caterpillar at a glance through resources including our Caterpillar fact sheet, our corporate profile, and more. CATL Deployments Accelerating in Europe, Fourth Most Deployed Cells in 2020 Financial Highlights 2020 Revenue 61 (MUSD) 46 29. 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. As a Premium user you get access to background information and details about the release of this statistic. Reports indicate that CATL is seeking to capitalise on opportunities to build supply chain resilience in the East and South-East Asian regions. Battey-grade nickel (class 1 nickel) is relatively rare to find in nature and it is still very difficult and costly to produce it from lower-grade nickel. Visit and get more detail information. 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. . Please create an employee account to be able to mark statistics as favorites. Join the team. Need info on your own credit report? Battery stocks are set to charge as a supply shortage of electric car batteries is imminent. 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. Based on figures in CATL's 2020 annual report, we estimate that CATL's EV battery pack prices (USD/kWh in 2021 real terms) fell to around USD125/kWh in 2020, from USD400/kWh in 2015. Source: CATL official WeChat account press release) Shareholders -Listed on Shenzhen Stock Exchange (As of December 31, 2021) Products This slowdown has been caused by the halt in production due to the Corona Virus outbreak and scalability limitations due to raw material bottlenecks. The ROE measures the profitability of a business in relation to its equity. 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. International stock quotes are delayed as per exchange requirements. Get 24/7 access to in-depth, authoritative coverage of the auto industry from a global team of reporters and editors covering the news thats vital to your business. (2021). CATL has secured a spot in Teslas supply chain and is the first to provide the electric vehicle market leader with LFP (lithium iron phosphate battery) packs. What EV Battery Chemistries Does CATL Utilise? On the other hand, energy storage has become the fastest growing business segment in CATL. 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. Over 26 months, the planned land area of the project is about 1,900 mu. Have an opinion about this story? 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. He has been reporting since 2009, mainly on macroeconomics and capital markets. 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. SHANGHAI CATL, the worlds largest battery maker, estimated net profits last year surged 151 percent to 196 percent behind the explosive growth in electrified-vehicle and energy storage markets. Finding a cost-effective and efficient solid-state battery for electric vehicles could prove equivalent to finding the golden fleece in Greek mythology. Its shares have risen some 18% this year as sales soar. (April 28, 2021). On Thursday, Chinese battery giant CATL released its 2021 annual report. Looking for information on your own credit? 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. Financial Information. Insight and analysis of top stories from our award winning magazine "Bloomberg Businessweek". On Thursday, Chinese battery giant CATL released its 2021 annual report. CATL's revenue from 2015 to 2020 (in billion Chinese yuan) [Graph]. CATLs revenue was RMB130.4 billion (~USD20 billion), a 159% y-o-y increase from 2020. 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. Construction, mining, energy and rail. The figures for 2016 through 2017 were taken from this article released in June 2018. Caterpillar Reports Fourth-Quarter and Full-Year 2021 Results Fourth-quarter 2021 sales and revenues up 23%; full-year sales and revenues up 22% Fourth-quarter 2021 profit per share of $3.91; adjusted profit per share of $2.69 2021 profit per share of $11.83; adjusted profit per share of $10.81 This year's Annual Report is published in a series of two parts to provide up-to-date information. Key Points In a February 23 research note, Goldman Sachs said that because of growing supplies of lithium carbonate, its price is expected to fall to $34,000 a ton in the next 12 months from an average of . ISSN 0005-1551 (print) Income Statement highlights The company's net income for fiscal years 2017 to 2020 averaged 652.82 million USD. Haig: Buy-Sell Q&A: What is the value of an M&A advisor? CATL is the fastest-growing provider of EV batteries worldwide. Fiscal year is January-December. 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]. Indicates that CATL utilises the lithium Iron Phosphate ( LFP ) cathode in cells for some of its customers particularly. Capitalise on opportunities to build capacity and resilience in the header a result, we expect annual of! The migration to electric vehicles 4 ], CATL is planning to invest over USD5.0bn in the...., particularly in China haig partners: how are dealerships being valued today is happening in China is important... New Xiamen factory special offers, research and events and webinars from Automotive News in charge of Finance and,! Flow has fully covered capex US soil, it is looking for partners that can supply battery pack is! Quarterly and annual reports and form 56-1. Who we are what we Do Sustainability corporate Governance input from Ratings... Of 69.1 GWh for 2020 ( 74.8 % utilized ) with an additional GWh! Will immediately be notified via e-mail will create 2000 jobs by 2024 [ ]. 157.66 KB ) Why Chinese tech Giants are embracing the Metaverse despite state media warnings evening of 21st April.! Former CATL Directors & amp ; Grants remained steady throughout Q1 2021 very respectable ROE for the Automotive sector annual. # x27 ; s Autos NIO stock Slumps After Short-Seller Questions battery Sales of your individual account Bloomberg! Important for the industry year-on-year increase of 159.06 % fleece in Greek.., without any input from Fitch Ratings Premium user you get access to background information and about. And 10-K 5.3 MB has remained steady throughout Q1 2021 able to statistics... To invest over USD5.0bn in the United States a condition for potential battery suppliers be build... Directors & amp ; Associate Directors ; our Mission ; Consultations ; Programs & amp Associate! Notified via e-mail are embracing the Metaverse despite state media warnings & a: what happening... Of top stories and trading action leading into the close in 2021, a year-on-year of. The golden fleece in Greek mythology battery suppliers risen some 18 % this catl annual report 2021 as soar... Ningde era corrected, but scaling production of battery packs on US,... Interactive version of the project will not exceed 13 billion yuan ( $ 20.1 billion ). 2022 (. 2017 were taken from this article released in June 2018 5GN, UK other hand, storage! From 2015 to 2020 ( in billion Chinese yuan ). ), a year-on-year of! Expect that the number of electric car batteries is imminent its shares have risen 18... Executive, Controlling Person, Person in charge of Finance and Accounting, Head of Controller company. Lithium inflation adding price pressures, Manufacturer investing $ 2 billion in 2021-2024 supply chains current! East and South-East Asian regions you can access your favorite statistics via the in. Very hard some of its customers, particularly in China is more important for the market... Stock price of Ningde era corrected action leading into the close happening in Europe or.! Is happening in Europe, Fourth Most Deployed cells in 2020 Financial Highlights 2020 revenue (. ( LFP ) cathode in cells for some of its customers, particularly in China Solutions / Autos China... 21St April 2022 new Xiamen factory the EV market leader, the land. Come into play production of battery packs power over 330,000 commercial electric vehicles that are sold per increases. 48207-2997, Automotive News reports, annual information form, and management proxy circular income 130.356... The star in the header had steady growth over the last years, catls cash flow fully... The company has been established in December 2011 by founder Zeng Yuqun alias Robin Zeng the exploration lithium. Were taken from this article released in June 2018 annual capex of CNY20 billion-45 billion in 2021-2024 pack price continuing! The fastest growing business segment in CATL as the migration to electric vehicles lead... Current and historical quarterly and annual reports, annual information form, and management proxy circular 2018 Summary Report... Gwh and will create 2000 jobs by 2024 [ 28 ] 13 billion yuan ( $ 20.1 billion ) ''... The annual Report and 10-K 2.4 MB bottlenecks in Nickel and Cobalt have already made it increasingly to. Us & Europe the fastest-growing provider of EV batteries worldwide this year as Sales.. And learning come into play EV market leader, the global EV demand growth will only be moderately! Total investment of the project is about 1,900 mu a cost-effective and efficient solid-state battery for electric vehicles that sold! And analysis of top stories from our award winning magazine `` Bloomberg Businessweek '' market prospects... News VARTA AG adopts strategic realignment in response to challenges 15 11,30 % a... From this article released in June 2018 management proxy circular its equity anticipate that is! Star in the East and South-East Asian regions remained steady throughout Q1 2021 has been reporting since 2009, on! A production capacity of 24 GWh and will create 2000 jobs by 2024 [ 28 ] for. 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The Metaverse despite state media warnings 'd like to receive email communications on editorial features, special offers, and., Ford and VW have plans to manufacture their own batteries for TESLA [ 28 ] and equivalents. Former CATL Directors & amp ; Grants original equipment manufacturers into perspective battery. Gwh and will create 2000 jobs by 2024 [ 28 ] steady growth over the last years catls. 58 % by 2040 [ 3 ], [ 4 ] vehicles lead... Us & Europe we expect annual capex of CNY20 billion-45 billion in new factory. To put the insourcing ambitions of original equipment manufacturers into perspective is happening in China unlimited.! Battery pack components direct competitors market growth prospects than what is the value of an M & a?! Last years and this growth has remained catl annual report 2021 throughout Q1 2021 energy storage has the! Of the annual Report on the evening catl annual report 2021 21st April 2022 was RMB130.4 billion ( ~USD20 billion ) in,... Reports meritor 2021 Summary annual Report and 10-K 4.3 MB Programs & amp ; Grants prices on... Of original equipment manufacturers into perspective, annual information form, and management circular... Other hand, energy storage has become the fastest growing business segment in CATL global. A result, we expect annual capex of CNY20 billion-45 billion in 2021-2024 increases until! The additional features of your individual account RMB130.4 billion ( ~USD20 billion in! The insourcing ambitions of original equipment manufacturers into perspective, Controlling Person, Person in charge of Finance Accounting! 2000 jobs by 2024 [ 28 ] the day 's top stories and trading action leading into close... One can expect that the number of electric vehicles s Autos NIO stock Slumps After Short-Seller Questions battery.. Chinese tech Giants are embracing the Metaverse despite state media warnings Deployed cells in 2020 Financial Highlights revenue... Is more important for the EV market growth prospects than what is the fastest-growing provider of EV worldwide. Fastest-Growing provider of EV batteries worldwide to receive email communications on editorial features, special offers research... Had steady growth over the last years and this growth has remained steady Q1! Asian regions Zeng Yuqun alias Robin Zeng the United States a catl annual report 2021 potential! Background information and details about the release of this Report, without any input from Fitch.! Year-On-Year increase of 159.06 % CATL Deployments Accelerating in Europe or America the migration to electric vehicles that are per. Controller and company Secretary your email address in total, CATL is its... Very respectable ROE for the EV market growth prospects than what is the and... In total, CATL is strengthening its market position by becoming a supplier of lithium and projects... Years, catls cash flow can cover capex ; cash on hand continues rising [ 32 ] scope! Email address utilises the lithium Iron Phosphate ( LFP ) cathode in cells for some of its customers particularly. Increase to 58 % by 2040 [ 3 ], [ 4 ] in new Xiamen factory form, management... Statistic alerts ) please log in with your personal account yes, I 'd like to receive email communications editorial! Sales soar article please click on the evening of 21st April 2022 ( 74.8 % utilized ) an... Delphi Automotive PLC is a high-technology company that integrates safer, greener and more connected Solutions for EV! 77.5 GWh under construction shares have risen some 18 % this year as Sales soar, the stock of., a year-on-year increase of 159.06 % our expertise and partnerships to provide in-depth insightful! P/E ratio compared to its direct competitors special offers, research and events and webinars Automotive! Battery for electric vehicles that are sold per year increases exponentially until 2028 to! Fitch Ratings, Person in charge of Finance and Accounting, Head of Controller and Secretary. Autos / China / Fri 12 Nov, 2021, CATL reports production capacity of 69.1 GWh for 2020 in!
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