In total, CATL reports production capacity of 69.1 GWh for 2020 (74.8% utilized) with an additional 77.5 GWh under construction. NIO's move is aimed at reducing its reliance on suppliers such as CATL . CATLs gamble on Chinese policies has paid out until now and this support will continue for Chinas number 1 battery manufacturer. 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. Headquartered in Gillingham, U.K., Delphi operates technical centers, manufacturing sites and customer support services in 44 countries. 2020. You can only download this statistic as a Premium user. 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 . 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. Phate is the founder and main author of CnEVPost. 1155 Gratiot Avenue 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. Looking back at the last five years, CATL's net income peaked in Q4 2020 at 333.97 million USD. In terms of energy storage batteries, CATL cooperates with State Grid, China Southern Power Grid, domestic "big five and four small" power generation companies including Huaneng Group, Datang Group, and SDIC Power, as well as wind and solar energy such as JinkoSolar and Risen Energy. Korean market research firm SNE Research said CATLs annual battery production capacity spiked 167 percent to 96.7 gigawatt hours in 2021. 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]. Yes, I'd like to receive email communications on editorial features, special offers, research and events and webinars from Automotive News. CATLs 2021 net profit will range from 14 billion yuan ($2.2 billion) to 16.5 billion yuan, the Shenzhen-listed company said this week. Understand Caterpillar at a glance through resources including our Caterpillar fact sheet, our corporate profile, and more. Danny Lee. He has been reporting since 2009, mainly on macroeconomics and capital markets. A Market Level Approach to Understanding the Potential for Sustainable Evolution. 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. 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. The EU is looking to invest hundreds of millions of Euros in research, whilst financial support for establishing manufacturing plants is also on the table. 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. 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. 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. There are big jobs to be done worldwide, and that work is powered by our people. Contemporary Amperex Technology Co. Ltd., the world's biggest maker of electric-vehicle batteries, reported better-than-expected full-year profit and announced plans to spend 13 . Our latest articles and views onindustries, regions, and topics. Accessed March 01, 2023. https://www.statista.com/statistics/875511/revenue-of-catl/. New strategic partnerships are in the CATLs pipeline. Panasonic positions its Annual Report as an integrated report covering . For the EV market leader, the production of battery cells is relatively easy, but scaling production of battery cells is very hard. Statement of Changes in Beneficial Ownership. The Chinese battery manufacturers CATL and BYD are being considered as potential partners. 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. 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 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. 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. Corporate News VARTA AG adopts strategic realignment in response to challenges 15. 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. 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). 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. Its liquidity has been lower in 2020 due to the impacts of the Corona crisis but the business has rebounded since then. JM&A Group, Easycare, Assurant: Unlocking new opportunities in F&I with digital retailing, Kerrigan Advisors: Interview with Baxter Auto Group, Kerrigan Advisors: Interview with Hitchcock Automotive, OEC: How to understand what customers are saying when theyre not saying it, PACE: Electrification Technology: Once the supply chain gets over the shock, EVs offer opportunities, Pace Program Navigating advanced driver-assistance systems, Phone Ninjas: 5 Reasons you need to use phone scripts for your dealership, REYNOLDS & REYNOLDS: Creating great retail customer experiences, REYNOLDS AND REYNOLDS: Are you ready for the FTC Safeguard Rule changes? It remains to be seen what the Tesla CATL partnership will mean for the global battery market. Appreciation for the brand extends far beyond those who use our equipment. Were committed to building a better, more sustainable world. Browse over 2,000 research reportsat the Fitch Solutions Store. According to CATL's H1 2021 financial announcement: - Revenue rose by 134.1%, reaching CNY 44.1 billion. 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. 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]. The net profit rose by 185% y-o-y to RMB15.9 billion (~USD2.45 billion). In 2020, CATLs Lithium-ion battery sales totaled 46.84GWh, up 14.36% Y-o-Y. CATL released its 2021 annual report on the evening of 21st April 2022. 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]. Then you can access your favorite statistics via the star in the header. 4. View SEDAR filings. Chinese firm says lithium inflation adding price pressures, Manufacturer investing $2 billion in new Xiamen factory. Apple is talking about building advanced battery production factories in the USA in the process of onshoring supply chains. 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. Join the team. 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. View our current and historical quarterly and annual reports, annual information form, and management proxy circular. In Indonesia, CATL is planning to invest over USD5.0bn in the exploration of lithium and nickel projects. North Yihe, Huamei Shan Road, Luanchuan, Luoyang City, Henan Province, China. Year 2021 Semi Annual - Annual Download: Year 2020 Semi Annual - Annual Download: Year 2019 Semi Annual - Annual Download: Year 2018 Semi Annual - Annual . 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. 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. 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. Visit and get more detail information. Looking for information on your own credit? CMOCgroup Stock and Corporate . Meritor 2019 Summary Annual Report and 10-K 4.3 MB. During the reporting period, the company's overseas order delivery scale increased rapidly and its overseas business gradually matured, CATL said. sales@manlybatteries.cominfo@manlybatteries.com. Please do not hesitate to contact me. 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. Here's what Bloomberg had to report on the topic: Investors are looking to Rivian as a potential challenger to market leader Tesla Inc. Cryptocurrencies: Cryptocurrency quotes are updated in real-time. Advanced automatic production line! 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). The first phase, which has now started, is said to have a capacity of 60 GWh per year. 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. 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%. You can unsubscribe at any time through links in these emails. Fundamental company data and analyst estimates provided by FactSet. In China, policymakers were early to identify the auto market as a primary target for economic stimulus. 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. Learn more about how Statista can support your business. While it might seem that we are not confronted with the metaverse Auto-generated video transcript: 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. The industries we serve are essential in our modern world. In addition, cash inflows are much higher than net profit. Caterpillar is committed to ensuring our workplace is diverse and representative of the many customers we serve around the globe. As a Premium user you get access to the detailed source references and background information about this statistic. 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