Always do your research and consider your personal circumstances before making investment decisions. About Panasonic Group . With a planned 70GWh capacity, the site will be the largest in Europe. This high P/E ratio indicates that investors are willing to pay a higher share price today because of growth expectations in the future. 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. Need info on your own credit report? Statista. 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. 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. 86 379 68658030. 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%. To inform and empower current and future business leaders by providing the insights, knowledge and connections they need to thrive in a rapidly changing industry. Browse over 2,000 research reportsat the Fitch Solutions Store. Discover how we canmeet your requirements. While it might seem that we are not confronted with the metaverse Auto-generated video transcript: February 21, 2023. EBITDA development 1 (MUSD)-4-13 2018. In August 2021, reports emerged that CATL is considering acquiring a minority stake in the Chinese miner. 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. Choose your news we will deliver. CATL is the world's largest EV battery manufacturer. Our latest articles and views onindustries, regions, and topics. All rights reserved. Source: Kantar Media. 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. The problem is that the EV market is growing at an exponential rate, but 90% of nickel in the global supply chain is not suited for battery production[5]. 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. 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. Moreover, the company reports a yield of just 51.7%, emphasizing the need to maintain a high capacity-to-sales ratio going forward. We disclose our all sources as we are committed to full transparency. Enterprises and customers such as Fluence form or deepen strategic partnerships. CATL has 170GWh capacity in operation and 140GWh capacity under construction as of 31st December 2021. 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. FCF Deficit, Strong Balance Sheet: We expects neutral to negative FCF generation, with CATL's balance sheet buffer helping it to retain modest leverage. CATLs net margin of 11,1% is excellent. We leverage our expertise and partnerships to provide in-depth and insightful reports. "Catl's Revenue from 2015 to 2020 (in Billion Chinese Yuan). This slowdown has been caused by the halt in production due to the Corona Virus outbreak and scalability limitations due to raw material bottlenecks. Highlights from a week-long virtual event bringing Bloomberg Businessweek magazine to life. 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 . Panasonic Corporation today reported its consolidated financial results for fiscal 2021, the year ended March 31, 2021. CATL views the technology as a tool to mitigate supply-side constraints for critical metals in LiB variations such as lithium, nickel, cobalt and manganese, which are less abundant and costlier to extract, process and refine in comparison to sodium. 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 . In total, we have over 20 sources to cross-verify. 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]. Annual report 2020. 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]. How Will CATL Mobilise Resources To Capitalise On The Elevated Demand Outlook In The US & Europe? Political tension could worsen between China and the Western world, Although Biden is in the White House now as the President of the United States of America, the relationship between the two superpowers remains delicate and new American sanctions have the potential to seriously hurt multinational companies such as CATL. Supply chain bottlenecks in Nickel and Cobalt have already made it increasingly difficult to hold up with demand. It remains to be seen what the Tesla CATL partnership will mean for the global battery market. Annual Reports Meritor 2021 Summary Annual Report and 10-K 5.3 MB. 11,30% is a very respectable ROE for the industry. 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 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. 2022 ChineseAlpha.com - All rights reserved. ", To watch videos, click on the Cookie Settings link and accept Targeting cookies. ISSN 1557-7686 (online), Fixed Ops Journal The best of the best: the portal for top lists & rankings: Strategy and business building for the data-driven economy: Industry-specific and extensively researched technical data (partially from exclusive partnerships). 2021 2020 2019; Net Operating Cash: $6,712 $2,883 $2,107 Net Investing Cash-$8,412 -$2,355 $290 . 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. New strategic partnerships are in the CATLs pipeline. Profit from the additional features of your individual account. Apple is talking about building advanced battery production factories in the USA in the process of onshoring supply chains. Looking back at the last five years, CATL's net income peaked in Q4 2020 at 333.97 million USD. Website (Gasgoo China Automotive News). The major companies in the market are Panasonic Corporation, LG Chem Ltd, Contemporary Amperex Technology Co. Ltd, Samsung SDI Co. Ltd, and BYD Co. Ltd. Supply Chain partner Tesla will be multisourcing LFP battery packs. 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. Enclosure: Annual Report 2021 (Form 56-1 One Report) Documents. 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. 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. We expect worldwide EV sales to fall between 4 million and 4.3 million cars for this year. Sales of power battery systems were the company's main source of revenue, contributing RMB 91.49 billion last year, up 132.06 percent year-on-year. Financial Highlights 2020 Revenue 61 (MUSD) 46 29. sales@manlybatteries.cominfo@manlybatteries.com. 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. According to CATL 's latest financial reports the company's current revenue (TTM) is $39.87 B . 10,000+ Employees. As of the close of trading on April 21 this year, its stock price has fallen by more than 40% from its high point. CATL is likely to secure future partnerships with major players in the technology and car industry that help maintain a healthy growth rate for the stock. Over 26 months, the planned land area of the project is about 1,900 mu. Thank you for registering. A Market Level Approach to Understanding the Potential for Sustainable Evolution. Click here to submit a Letter to the Editor, and we may publish it in print. Data are provided 'as is' for informational purposes only and are not intended for trading purposes. 86 379 68658029. Sales of power battery systems are the company's main source of revenue, contributing RMB 91.49 billion last year, up 132.06 percent year-on-year. November 2022 PDF (157.66 KB) CATL Deployments Accelerating in Europe, Fourth Most Deployed Cells in 2020 Moreover, there are strong differences in operating margin & net margin between CATL and the other leading battery manufacturers. As a result, we expect annual capex of CNY20 billion-45 billion in 2021-2024. The industries we serve are essential in our modern world. Sources: FactSet, Dow Jones, ETF Movers: Includes ETFs & ETNs with volume of at least 50,000. 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. Furthermore, CATL has no net debt. Download 2021 Annual Report Download PDF Sustainability We're committed to building a better, more sustainable world. Consumer demand remains strong. These range from corporate news and ad hoc announcements to financial and quarterly reports as well as company presentations. 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. The headquarters are located in Ningde in Fujian Province. 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. Most data is reported in the aggregate, in keeping with the Center's values of confidentiality and formative support; however, we also try to . 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 . cmoc_group. A cooperation with Nio extends CATLs business operations downstream. - The company's main products include power battery systems, energy storage systems and lithium battery materials. 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. 25-NSE. Sources: FactSet, Tullett Prebon, Commodities & Futures: Futures prices are delayed at least 10 minutes as per exchange requirements. Fundamental company data and analyst estimates provided by FactSet. This report was approved on July 23, 2021. 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. Why? 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. If you are an admin, please authenticate by logging in again. CATL's sales to Tesla were RMB13 billion (~USD2 billion), accounting for 10% of CATL's total revenue in 2021. Find the company's financial performance, revenue, and more. CATL has recently made considerable investments to extend its supply chain control and secure raw material supply. The new plant would have an annual battery capacity of 40 GWh and could power about 400,000 long-range electric vehicles (EVs), the report said. Fitch Solutions / Autos / China / Fri 12 Nov, 2021. CMOCgroup What is happening in China is more important for the EV market growth prospects than what is happening in Europe or America. 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. The Chinese battery manufacturers CATL and BYD are being considered as potential partners. Fitch Solutions Group Limited All rights reserved. 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. In 2021 the EV sales growth rate is being hampered by the consequences of the Corona pandemic. 2020. Visit website. Haig Partners: Dealership consolidation trends, Haig Partners: Dealership valuation trends, Haig Partners: Dealership succession planning, Ally: Navigating the future of automotive retailing, Google: How a century-old brand is transforming the auto industry. And the capacity utilization rate was 95% in 2021. Relative to the global market, CATLs capacity (measured in GWh) is rivalled only by South Koreas LG Energy Solution. 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]. Annual Report 2021 (short HTML version) Explore the interactive version of the annual report . We highlighted the trend of regionalising supply chains in 2020, and expect CATLs strategy for its key market (China) to follow this trend, integrating as much regional upstream activity as possible. 48207-2997, Automotive News Yet, the global EV demand growth will only be damped moderately as the migration to electric vehicles is lead by Europe and China. The net profit rose by 185% y-o-y to RMB15.9 billion (~USD2.45 billion). Current Chinese and EU politics impact the EV markets. Find a list of Frequently Asked Questions (FAQs) about Caterpillar and our brands. He has been reporting since 2009, mainly on macroeconomics and capital markets. [5] 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]. Contemporary Amperex Technology Co. Ltd., the worlds biggest maker of electric-vehicle batteries, reported better-than-expected full-year profit and announced plans to spend 13 billion yuan ($2 billion) on a new factory in China. 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. 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. Per exchange requirements with Nio extends CATLs business operations downstream indicates that investors are to. Commodities & Futures: Futures prices are delayed at least 10 minutes as exchange... Targeting cookies Bloomberg Businessweek magazine to life the Chinese battery manufacturers CATL and BYD are being considered as partners. 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