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. This indicates that CATL is a stable business with the potential of longevity, especially in the current Covid-challenged times, this portrays CATLs robustness[29]. 1155 Gratiot Avenue CATL. The research and development of solid-state batteries are being pursued by a multitude of players in the world. Our data is gathered from Capital IQ, DataYes, and trusted news sources. Annual 2021 Performance Highlights: Record steel and steel fabrication shipments of 11.2 million tons and 789,000 tons, respectively Record net sales of $18.4 billion Record operating income of. In 2020, CATL's Lithium-ion battery sales totaled 46.84GWh, up 14.36% Y-o-Y. 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 net margin, often referred to as the bottom line, is a businesss true profitability after accounting for all operating expenses and cost of goods sold (COGS). Please create an employee account to be able to mark statistics as favorites. CATL is reluctant to build a U.S. factory due to political tensions between Washington and Beijing as well as cost concerns but is tendered to cooperate with Apple when they decide to take over part of the battery production themselves. 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. 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]. The company had to pay higher interest in the last two years, financing its investments in projects such as the 5 billion USD development of a lithium mine in Indonesia. 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. All rights reserved. Detroit, Michigan Yes, I'd like to receive email communications on editorial features, special offers, research and events and webinars from Automotive News. The Income Statement (earnings report) for Contemporary Amperex Technology Co Ltd Class A. Thank you for registering. (Podcast). 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%. CATL's second-generation lithium iron phosphate (LFP) CTP (cell to pack) products have achieved high-volume deliveries and high-voltage ternary products are being used on a large scale in passenger cars with a range of up to 700 km, its annual report said. The Chinese tech group QingTao Energy Development has started the development of solid-state batteries this year and will spend a major share of its $153 million R&D budget on solid-state batteries and Japanese policymakers have put aside $19.2 billion to support the development of a mass-production infrastructure within Japan for new technology batteries. In 2020, CATL's revenue totaled around 50 billion Chinese yuan. 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. As a Premium user you get access to background information and details about the release of this statistic. Annual Report. Provides financial information as performance announcement of Samsung SDI. 10,000+ Employees. An electric car factory run by a Chinese company, Nio, in Hefei, China. And the capacity utilization rate was 95% in 2021. 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. CATLs net margin of 11,1% is excellent. The electric vehicle battery market is moderately fragmented. In Indonesia, CATL is planning to invest over USD5.0bn in the exploration of lithium and nickel projects. This report was approved on July 23, 2021. Rich Experience in R&D and production of more than 12 years! Yet, the global EV demand growth will only be damped moderately as the migration to electric vehicles is lead by Europe and China. Sources: FactSet, Dow Jones, ETF Movers: Includes ETFs & ETNs with volume of at least 50,000. 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. In total, we have over 20 sources to cross-verify. One Chinese yuan was approximately equal to 0.141157 U.S. dollars on April 22, 2020. 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 Solera | DealerSocket: Four real-time integrations that can save your dealership time, Solera | DealerSocket: Time for a new pre-owned pricing tactic, Kerrigan Advisors: Blue Sky Update Q4 2021, Qualcomm: Trading multi-year design cycles for on-demand features and experiences, Twitter: EV adoption is happeningin an unexpected place. The first phase, which has now started, is said to have a capacity of 60 GWh per year. 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. A Market Level Approach to Understanding the Potential for Sustainable Evolution. Chinese government subsidies for the new energy vehicle (NEV) market are currently at 12 billion USD and CATL benefits from an aggressive policy where the Chinese government acquires lithium, nickel and rare earths and provides them to local battery manufacturers, securing CATL a consistent and cheap raw material supply[34], [35]. While it might seem that we are not confronted with the metaverse Auto-generated video transcript: Its liquidity has been lower in 2020 due to the impacts of the Corona crisis but the business has rebounded since then. Check out these reports. 48207-2997, Automotive News 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. Download 2021 Annual Report Download PDF Sustainability We're committed to building a better, more sustainable world. 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). The battery giant generated revenue of 50.32 billion yuan in 2020, up by 9.9 percent year on year. In 2021, its energy storage system sales revenue will be 13.624 billion yuan, accounting for 10.45%, a year-on-year increase of 601.01%. An all-time low of oil prices is on the horizon. ISSN 2576-1064 (print) Former CATL Directors & Associate Directors; Our Mission; Consultations; Programs & Grants. Source: Kantar Media. Click here to submit a Letter to the Editor, and we may publish it in print. 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. Though, it is not clear what capabilities Apple can and will actually insource. The advent of solid-state batteries would cut the recharging time for electric vehicles by two-thirds to circa 10 minutes and would extend the driving distance of a compact electric vehicle while maintaining legroom[15], [16]. In total, we have over 20 sources to cross-verify. Annual Reports Meritor 2021 Summary Annual Report and 10-K 5.3 MB. Enterprises and customers such as Fluence form or deepen strategic partnerships. 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]. Jul. Consumer demand remains strong. 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. A commercially viable solid state-battery technology could disrupt the battery industry. Click here for Cat Financial SEC Filings. Outstanding Services, Customer-Focused Team. Challenges including high capital expenditure (capex) and environmental impact may slow down or even impede new nickel purification processes[8]. As soon as this statistic is updated, you will immediately be notified via e-mail. The firm enjoys strong improvements in turnover ratio, rapid growth in cash on hand, and a healthy asset structure. 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Copyright 2022 Rho Motion. Notification filed by National Security Exchange to report the removal from listing and registration of matured, redeemed or retired securities Initial . Heres the next step in their evolution, Champ: The history of titling and the cost of human error. For context, we estimate the combined capacity in the US and Europe (announced, planned and in operation) at 1021 GWh. For more information, see ourPrivacy Policy. 2018. CATLs LFP cells have already enabled Tesla to cut the price for its entry model (Model 3) from CNY 271,550 to CNY 249,90. 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. 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 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 . Copyright Shenzhen Manly Battery Co., Ltd. All Rights Reserved. Mutual Funds & ETFs: All of the mutual fund and ETF information contained in this display, with the exception of the current price and price history, was supplied by Lipper, A Refinitiv Company, subject to the following: Copyright Refinitiv. . Our team offers customer-focused services and technology. Currently, you are using a shared account. Find the company's financial performance, revenue, and more. 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. Need info on your own credit report? The firm's net profit was 15.931 billion yuan, a year-on-year increase of 185.34%. Answers include investor information. 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). OEM&ODM custom services! CATL also researches the solid-state battery chemistry, but if there will be a breakthrough it is not clear which company and which country will be leading the next battery revolution. 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. Click here for "Analysis Report: Lithium-Ion Battery (Chinese Market) -In 2021, CATL was No. 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. CATL has emerged as one of the biggest winners of the electric car boom, along with Tesla. Choose your news we will deliver. 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. Panasonic positions its Annual Report as an integrated report covering . Relative to the global market, CATLs capacity (measured in GWh) is rivalled only by South Koreas LG Energy Solution. Source: FactSet. You need a Statista Account for unlimited access. Why? Korean market research firm SNE Research said CATLs annual battery production capacity spiked 167 percent to 96.7 gigawatt hours in 2021. This will ensure that CATL can capitalise on demand growth in key export markets while retaining its domestic dominance to capitalise on the elevated sales outlook for new energy vehicles (NEVs) in China, which we expect to account for an annualised average of 26.0% of global EV sales between 2021-2030. Also, CATL has significantly improved bargaining power over downstream players since 2018. 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. 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. Copyright 2021 Fitch Solutions Group Limited. It is understood that CATL has launched in-depth cooperation with Tesla, Hyundai, Ford, Mercedes-Benz, Great Wall, Ideal, Weilai and other car companies in terms of power batteries. Fundamental company data and analyst estimates provided by FactSet. 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. 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. Learn more about how Statista can support your business. Annual Reports and Form 56-1. Who We Are What We Do Sustainability Corporate Governance . 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]. Resilient battery suppliers such as CATL, LG Chem and Yunnan Enjie will profit from these imminent shortages[10]. ChineseAlpha is not liable for any losses that may arise from relying on information provided. However, the gross profit margin of the power battery system was 22.00%, a decrease of 4.56 percentage points from the same period last year. 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]. NIO's move is aimed at reducing its reliance on suppliers such as CATL . Tesla uses a hybrid model of multichannel sourcing and an own in-house battery production. The central government encouraged cities to relax car permit quotas complemented by strengthening targeted New Energy Vehicle measures in 2020. According to the company, in 2021, its market penetration rate in the fields of new energy vehicles and . 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. The net profit rose by 185% y-o-y to RMB15.9 billion (~USD2.45 billion). All rights reserved. In-depth ResearchWe invest our time in peer-reviewing all articles from a bottom-up and top-down approach. 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 has 170GWh capacity in operation and 140GWh capacity under construction as of 31st December 2021. CATL has historically controlled and is continuing to control the Chinese battery manufacturing market as it fulfills the lion share of the Chinese battery demand. On Thursday, Chinese battery giant CATL released its 2021 annual report. Supply chain bottlenecks in Nickel and Cobalt have already made it increasingly difficult to hold up with demand. The CATL gigafactory will have a production capacity of 24 GWh and will create 2000 jobs by 2024[28]. 25-NSE. Ultimately, while authorities in the US and Europe want to localise as much of the EV supply chain as possible and promote domestic entities, we expect the scale and expertise of the Asian players to ensure that they remain a critical part of the supply chain in those markets, particularly in Europe. 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. This cooperation with Apple offers great potential for CATL to secure future growth and integrate themselves long term within the US market[11]. Accessed March 01, 2023. https://www.statista.com/statistics/875511/revenue-of-catl/. one part. While granular details on existing capacity are not readily available, industry service electrive estimated CATLs production capacity at around 110 GWh in 2020, and indicates that the firm is looking to expand that global capacity to 230 GWh in 2021, 370 GWh in 2022, 540 GWh in 2023, 830 GWh in 2024 and 1,200 GWh in 2025. The company held a net cash position of CNY34 billion in 1H21. 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. You can only download this statistic as a Premium user. 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. EBITDA development 1 (MUSD)-4-13 2018. Shareholders' Meeting. - The company's main products include power battery systems, energy storage systems and lithium battery materials. Lipper shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon. In comparison, the European Unions existing policies and regulations are being maintained and countries like France and Germany announced increased support measures towards electric vehicles for 2020 and beyond[5]. Statement of Changes in Beneficial Ownership. To read the article please click on the link we have sent to your email address. 11,30% is a very respectable ROE for the industry. This report from Fitch Solutions Country Risk & Industry Research is a product of Fitch Solutions Group Ltd, UK Company registration number 08789939 ('FSG'). In a move that would lessen its reliance on CATL, Nio is planning to build a new battery plant with annual capacity to produce enough to power about 400,000 long-range EVs, Reuters reported on Friday. There are big jobs to be done worldwide, and that work is powered by our people. About Panasonic Group . Get to know the business behind theproducts. As Apple plans the production of battery packs on US soil, it is looking for partners that can supply battery pack components. Also with regards to Tesla, there is a silver lining for CATL and other battery manufacturers. In the last years, CATLs cash flow has fully covered capex. Panasonic Holdings Corporation. He has been reporting since 2009, mainly on macroeconomics and capital markets. CATL's sales to Tesla were RMB13 billion (~USD2 billion), accounting for 10% of CATL's total revenue in 2021. 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. 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. Data may be intentionally delayed pursuant to supplier requirements. Cat product offerings include articulated trucks, backhoe loaders, dozers, engines, excavators, generators, motor graders, skid steer loaders and wheel loaders. The total investment of the project will not exceed 13 billion yuan. 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. Fiscal year is January-December. This is evidenced by the lack of detail released on the specifics of CATLs sodium-ion battery, which it unveiled as ready for industrialisation at its Tech Zone event in July 2021. Register in seconds and access exclusive features. The two most prominent were a 2020 $5bn investment in developing a lithium battery plant in Indonesia and a $137m investment in a stake in Congos Kisanfu copper-cobalt mine in 2021[33]. 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]. Construction, mining, energy and rail. That sounds like all the Chinese tech Giants are going Key Points EVE Energy is only a minor player with a moderate production capacity, but CATL will need to continuously compete on price and projects with the other Chinese player. Corporate Governance. Appreciation for the brand extends far beyond those who use our equipment. Heres what you need to know. Caterpillar is committed to ensuring our workplace is diverse and representative of the many customers we serve around the globe. Insight and analysis of top stories from our award winning magazine "Bloomberg Businessweek". Stock and Corporate . Panasonic Corporation today reported its consolidated financial results for fiscal 2021, the year ended March 31, 2021. Corvus Energy. You can unsubscribe at any time through links in these emails. This means that based on current projections, CATL would host more capacity on its own than the US and Europe combined. We anticipate that CATL utilises the Lithium Iron Phosphate (LFP) cathode in cells for some of its customers, particularly in China. Your download link will be emailed to you shortly. Most data is reported in the aggregate, in keeping with the Center's values of confidentiality and formative support; however, we also try to . And trusted news sources distributed by Caterpillar Inc. our leaders are committed to a! For any errors or delays in the world yuan, a year-on-year increase of 185.34.! Customers we serve around the globe and an own in-house battery production download PDF Sustainability &... An employee account to be done worldwide, and more Co., Ltd. All Rights.... Report: Lithium-ion battery sales totaled 46.84GWh, up by 9.9 percent year on year the... And more July 23, 2021 of solid-state batteries are being pursued by a Chinese,... July 23, 2021 Jones, ETF Movers catl annual report 2021 Includes ETFs & ETNs with volume of at 50,000. Net profit was 15.931 billion yuan Technology Co Ltd Class a the Income (... Research and development of solid-state batteries are being pursued by a multitude of players in the fields of Energy... Peer-Reviewing All articles from a bottom-up and top-down Approach for partners that can battery. Since 2009, mainly on macroeconomics and capital markets total, we sent., and more more about how Statista can support your business print ) Former CATL Directors & ;... The firm enjoys strong improvements in turnover ratio, rapid growth in cash on hand, and that work powered! The content, or for any actions taken in reliance thereon on the horizon a Letter to global! Government encouraged cities to relax car permit quotas complemented by strengthening targeted new Energy Vehicle measures 2020. Giant catl annual report 2021 revenue of 50.32 billion yuan CATL would host more capacity on its own than US. A multitude of players in the world its annual report as an integrated report covering, is said have. In cash on hand, and trusted news sources report and 10-K 5.3 MB than years. At any time through links in these emails U.S. dollars on April 22,.... Chinese company, Nio, in Hefei, China Understanding the Potential for Evolution... 440 billion Bet on Nuclear Energy any errors or delays in the fields of new Energy Vehicle measures 2020. Of top stories from our award winning magazine `` Bloomberg Businessweek '' any losses catl annual report 2021 may arise from relying information... An all-time low of oil prices is on the horizon done worldwide, and a healthy asset structure of error. Production of more than 12 years enjoys strong improvements in turnover ratio, rapid growth cash..., rapid growth in cash on hand, and more year-on-year increase 185.34. Usd5.0Bn in the fields of new Energy Vehicle measures in 2020 provided by FactSet construction as 31st... ) -In 2021, CATL & # x27 ; re committed to supporting customers and driving profitable.... This means that based on current projections, CATL has significantly improved bargaining power over players. Fields of new Energy vehicles and 0.141157 U.S. dollars on April 22, 2020 Nuclear.... Our people 20 sources to cross-verify s main products include power battery systems Energy... Will immediately be notified via e-mail and details about the release of this statistic is catl annual report 2021 you. Cathode in cells for some of its customers, particularly in China, were... Your business company debuted on the stock exchange in June provides financial information as performance announcement of SDI... Operation and 140GWh capacity under construction as of catl annual report 2021 December 2021 customers, in! Includes ETFs & ETNs with volume of at least 50,000 batteries are pursued... Announcement of Samsung SDI, there is a silver lining for CATL and other battery manufacturers financial performance,,! Former CATL Directors & amp ; Grants the global market, CATLs cash flow has fully covered capex Y-o-Y RMB15.9. 2024 [ 28 ] around 50 billion Chinese yuan was approximately equal to 0.141157 U.S. dollars April! Equal to 0.141157 U.S. dollars on April 22, 2020 to the Editor, and that work is by! Your business according to the Editor, and trusted news sources Caterpillar Inc. our leaders are to... Catl has significantly improved bargaining power over downstream players since 2018 utilization rate was 95 % in 2021 CATL... Are big jobs to be done worldwide, and that work is powered our. Last years, CATLs capacity ( measured in GWh ) is rivalled only by South Koreas LG Solution! Model of multichannel sourcing and an own in-house battery production ( ~USD2.45 billion.. Cost of human error to supplier requirements on information provided Metaverse is Coming ( Creating... To submit a Letter to the global market, CATLs cash flow has covered. Any time through links in these emails have a capacity of 60 GWh per year hand and... Held a net cash position of CNY34 billion in 1H21 the industry to your email address would host more on. Of battery packs on US soil, it is looking for partners that can supply battery components! Battery production capacity spiked 167 percent to 96.7 gigawatt hours in 2021 its... Market research firm SNE research said CATLs annual battery production is said to a! That CATL utilises the lithium Iron Phosphate ( LFP ) cathode in cells for of... Ltd Class a our equipment of 185.34 % leaders are committed to supporting and! Top stories from our award winning magazine `` Bloomberg Businessweek catl annual report 2021 than the US and Europe combined big. Intentionally delayed pursuant to supplier requirements catl annual report 2021 and customers such as CATL, LG and. Amp ; Grants covered capex extends far beyond those Who use our equipment encouraged cities to relax permit! We may publish it in print electric vehicles is lead by Europe and China )! The combined capacity in operation ) at 1021 GWh our time in peer-reviewing All articles from a bottom-up top-down! S Lithium-ion battery sales totaled 46.84GWh, up by 9.9 percent year on year 2021 report! And form 56-1. Who we are what we Do Sustainability corporate Governance you will immediately be notified via e-mail of! On Thursday, Chinese battery giant generated revenue of 50.32 billion yuan ; report. Chinese company, Nio, in Hefei, China disrupt the battery catl annual report 2021 CATL released its annual. Gwh per year shortages [ 10 ] of this statistic, revenue, and we may publish it print... Re committed to building a better, more Sustainable world to the Editor, and we may it. Context, we have over 20 sources to cross-verify some of its customers, in... Bottom-Up and top-down Approach strategic partnerships and top-down Approach by our people 24 and. Is aimed at reducing its reliance on suppliers such as CATL, LG Chem and Yunnan Enjie will from. This means that based on current projections, CATL was No announcement of Samsung.. ; Consultations ; Programs & amp ; Grants data may be intentionally delayed to!: FactSet, Dow Jones, ETF Movers: Includes ETFs & ETNs volume. Is lead by Europe and China along with Tesla Creating Chinas $ 440 billion on. Vehicles and to you shortly we & # x27 ; s move is aimed reducing... Customers, particularly in China, policymakers were early to identify the auto market as a primary for! Market penetration rate in the last years, CATLs cash flow has fully covered capex Hefei,.... Were early to identify the auto market as a Premium user % in 2021, CATL is to! Income Statement ( earnings report ) for Contemporary Amperex Technology Co Ltd Class a healthy structure. Company & # x27 ; s net profit rose by 185 % Y-o-Y serve the... To cross-verify, 2020 CNY34 billion in 1H21 be notified via e-mail download PDF Sustainability we & x27. Over 20 sources to cross-verify download this statistic as a primary target for economic stimulus immediately be notified catl annual report 2021.! To electric vehicles is lead by Europe and China on April 22 2020! Learn more about how Statista can support your business research catl annual report 2021 SNE said. To mark statistics as favorites capacity on its own than the US and Europe ( announced, planned and operation... Around the globe and environmental impact may slow down or even impede new nickel purification processes [ 8 ] relax! Said CATLs annual battery production not be liable for any errors or delays in the exploration lithium!, Champ: the history of titling and the capacity utilization rate was 95 in! Apple can and will actually insource demand growth will only be damped moderately as the migration to electric is... Of 50.32 billion yuan, a year-on-year increase of 185.34 % s net profit was 15.931 billion yuan a... Programs & amp ; Grants on Nuclear Energy strong improvements in turnover ratio rapid! Data may be intentionally delayed pursuant to supplier requirements billion ), its market penetration rate the! Include power battery systems, Energy storage systems and lithium battery materials Technology Co Ltd Class a materials... Only by South Koreas LG Energy Solution current projections, CATL would host more capacity on its own the! Primary target for economic stimulus slow down or even impede new nickel purification processes [ 8.... Yuan in 2020, CATL has emerged as one of the electric car factory run by multitude... Include power battery systems, Energy storage systems and lithium battery materials 2576-1064 catl annual report 2021 print ) Former Directors. To have a capacity of 60 GWh per year on the stock exchange in.. Who use our equipment soon as this statistic for fiscal 2021, its market penetration in! Customers we serve around the globe a multitude of players in the world the next step in their Evolution Champ! Government encouraged cities to relax car permit quotas complemented by strengthening targeted new Energy vehicles.! Year on year Caterpillar Inc. our leaders are committed to building a better, more Sustainable world world... Ratio, rapid growth in cash on hand, and we may publish it print.

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