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. 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. Show publisher information Copyright Shenzhen Manly Battery Co., Ltd. All Rights Reserved. It is a buy. Learn more about how Statista can support your business. The CATL gigafactory will have a production capacity of 24 GWh and will create 2000 jobs by 2024[28]. We leverage our expertise and partnerships to provide in-depth and insightful reports. Income Statement highlights The company's net income for fiscal years 2017 to 2020 averaged 652.82 million USD. Panasonic Corporation today reported its consolidated financial results for fiscal 2021, the year ended March 31, 2021. Annual Report 2021 (short HTML version) Explore the interactive version of the annual report . Chinese firm says lithium inflation adding price pressures, Manufacturer investing $2 billion in new Xiamen factory. Source: FactSet. This report provides an in-depth analysis of the global fundus camera market, market size (US$ Million), and compound annual growth rate (CAGR%) for the forecast period (2022-2030), considering . 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%. Diversity & Inclusion Caterpillar is committed to ensuring our workplace is diverse and representative of the many customers we serve around the globe. Your download link will be emailed to you shortly. 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. Date Filing Type Filing Description Download / View. Danny Lee. Annual Reports Meritor 2021 Summary Annual Report and 10-K 5.3 MB. Meritor 2017 Summary Annual Report and 10-K 4.2 MB. EBITDA development 1 (MUSD)-4-13 2018. We use cookies and browser capability checks to help us deliver our online services, including to learn if you enabled Flash for video or ad blocking. 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]. CATLs extensive change in operating expenses is mainly driven by interest income and expenses. In total, we have over 20 sources to cross-verify. 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 . Our team offers customer-focused services and technology. View our current and historical quarterly and annual reports, annual information form, and management proxy circular. The net profit rose by 185% y-o-y to RMB15.9 billion (~USD2.45 billion). Sources: FactSet, Tullett Prebon, Commodities & Futures: Futures prices are delayed at least 10 minutes as per exchange requirements. China will commit $440 billion to nuclear energyThe country will build 150 nuclear plants in the next 15 years, and aims to be Senior Equity Analyst (center), Senior Equity Analyst (left), Founding Member(right). Yes, I'd like to receive email communications on editorial features, special offers, research and events and webinars from Automotive News. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. 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. Reports indicate that CATL is seeking to capitalise on opportunities to build supply chain resilience in the East and South-East Asian regions. The Fuding plant is CATL's largest single project to date. In China, policymakers were early to identify the auto market as a primary target for economic stimulus. The Chinese Metaverse is Coming (and Creating Chinas $440 Billion Bet on Nuclear Energy. CATL is the world's largest EV battery manufacturer. 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. Website (Gasgoo China Automotive News). one part. 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. Annual Report. There are significant barriers to entry for the firm however, namely the openness of US authorities hosting a dominant Chinese-firm in what has become a critically important sector and doubt as to whether the state would be willing to make the concessions for CATL that it would make for South-Korean and US-based firms, given ongoing political and trade disputes between the worlds two largest economies. Sources: FactSet, Dow Jones, Bonds: Bond quotes are updated in real-time. The gigafactory will boast a capacity of 100 GWh[22]. to incorporate the statistic into your presentation at any time. 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. - The company's main products include power battery systems, energy storage systems and lithium battery materials. However, while. Moreover, the company reports a yield of just 51.7%, emphasizing the need to maintain a high capacity-to-sales ratio going forward. Panasonic positions its Annual Report as an integrated report covering . 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. Contact via: phate@cnevpost.com. Click here for Cat Financial SEC Filings. FCF Deficit, Strong Balance Sheet: We expects neutral to negative FCF generation, with CATL's balance sheet buffer helping it to retain modest leverage. 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. The company held a net cash position of CNY34 billion in 1H21. All rights reserved. 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]. 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). The electric vehicle battery market is moderately fragmented. 300750.CN | Contemporary Amperex Technology Co. Ltd. CATL has a very high P/E ratio compared to its direct competitors. Read corporate press releases and news announcements distributed by Caterpillar Inc. Our leaders are committed to supporting customers and driving profitable growth. More than 100 companies and R&D players are involved in solid-state battery development, but major issues in scalability remain due to high costs and limited capacities[18]. Website (Gasgoo China Automotive News). 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. CATLs R&D efforts have secured the firm a comparative advantage in the next-generation battery commercialization (i.a solid-state and lithium-silicon batteries). Annual Reports and Form 56-1. Who We Are What We Do Sustainability Corporate Governance . Also with regards to Tesla, there is a silver lining for CATL and other battery manufacturers. 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. In August 2021, reports emerged that CATL is considering acquiring a minority stake in the Chinese miner. (Podcast). 18, 2022 at 8:34 a.m. 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. While it might seem that we are not confronted with the metaverse Auto-generated video transcript: In July 2021, at its Tech Zone event, CATL unveiled a breakthrough for the industrialisation of sodium-ion batteries, the cells for which can also be integrated with lithium-ion cells together in one battery pack. 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. Meritor 2019 Summary Annual Report and 10-K 4.3 MB. The central government encouraged cities to relax car permit quotas complemented by strengthening targeted New Energy Vehicle measures in 2020. 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. 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