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 . 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. Always do your research and consider your personal circumstances before making investment decisions. In August 2021, reports emerged that CATL is considering acquiring a minority stake in the Chinese miner. CATL has a very high P/E ratio compared to its direct competitors. 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. ", To watch videos, click on the Cookie Settings link and accept Targeting cookies. 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. The market share of CATL has increased significantly to 32.60% from 24.60% in 2020, enhancing its leading position in the market. Shareholders' Meeting. During the reporting period, the company's overseas order delivery scale increased rapidly and its overseas business gradually matured, CATL said. CATL has strong liquidity. CATL released its 2021 annual report on the evening of 21stApril 2022. 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%. Concentrix: How can customer data drive a better automotive CX? Furthermore, CATL has no net debt. Facebook: quarterly number of MAU (monthly active users) worldwide 2008-2022, Quarterly smartphone market share worldwide by vendor 2009-2022, Number of apps available in leading app stores Q3 2022, Profit from additional features with an Employee Account. In the past years the concept of the metaverse has become increasingly prevalent. Moreover, the firm has continued to collect more cash from customers than it has spent on expenses throughout the last years. Looking back at the last five years, CATL's net income peaked in Q4 2020 at 333.97 million USD. ChineseAlpha is not liable for any losses that may arise from relying on information provided. The company held a net cash position of CNY34 billion in 1H21. In the last years, CATLs cash flow has fully covered capex. Tesla will at least dual-source LFP battery packs and as of now also include another Chinese player, EVE Energy, in its supply chain. The. Statement of Changes in Beneficial Ownership. 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Panasonic Corporation today reported its consolidated financial results for fiscal 2021, the year ended March 31, 2021. 48207-2997, Automotive News Its shares have risen some 18% this year as sales soar. 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. . What Is CATLs Existing Capacity Outlook? View SEDAR filings. 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]. Based in Gillingham, England. Apple has made building manufacturing facilities in the United States a condition for potential battery suppliers. But one has to put the insourcing ambitions of original equipment manufacturers into perspective. CMOCgroup 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. ISSN 0005-1551 (print) Current Chinese and EU politics impact the EV markets. Heres the next step in their evolution, Champ: The history of titling and the cost of human error. Visit website. Paired with the current aftermath of production dropouts due to Covid19 in the last months, original equipment manufacturers are desperate to satisfy electric car demand and are willing to pay a premium to battery manufacturers, who can still deliver[9]. 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. 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 has recently made considerable investments to extend its supply chain control and secure raw material supply. 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. Fitch Solutions Group Limited All rights reserved. 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. The firm enjoys strong improvements in turnover ratio, rapid growth in cash on hand, and a healthy asset structure. Keith Bradsher/The New York. Download 2021 Annual Report Download PDF Sustainability We're committed to building a better, more sustainable world. The headquarters are located in Ningde in Fujian Province. It remains to be seen what the Tesla CATL partnership will mean for the global battery market. CATL's sales to Tesla were RMB13 billion (~USD2 billion), accounting for 10% of CATL's total revenue in 2021. CATL is the fastest-growing provider of EV batteries worldwide. 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. The total investment of the project will not exceed 13 billion yuan. Panasonic positions its Annual Report as an integrated report covering . Toyota has secured over 1000 patents involving solid-state batteries[19]. The Fuding plant is CATL's largest single project to date. 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. . Challenges including high capital expenditure (capex) and environmental impact may slow down or even impede new nickel purification processes[8]. sales@manlybatteries.cominfo@manlybatteries.com. Haig: Buy-Sell Q&A: What is the value of an M&A advisor? 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]. (2021). Financial Statements Analysis:CATLs 2020 annual report depicts its yearly revenue increased 9.90% Y-o-Y (year to year) to US$7.77Bn and its net profit increased by 22.43% Y-o-Y to US$860M. We invest our time in peer-reviewing all articles from a bottom-up and top-down approach. Expert analysis of opportunities and risks across emerging and frontier markets. Our teams are dedicated to connecting you with what you need, quickly, efficiently, and professionally. CATL's revenue from 2015 to 2020 (in billion Chinese yuan) [Graph]. On Thursday, Chinese battery giant CATL released its 2021 annual report. CATLs extensive change in operating expenses is mainly driven by interest income and expenses. 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. This report from Fitch Solutions Country Risk & Industry Research is a product of Fitch Solutions Group Ltd, UK Company registration number 08789939 ('FSG'). . 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. In 2020, CATLs Lithium-ion battery sales totaled 46.84GWh, up 14.36% Y-o-Y. In Indonesia, CATL is planning to invest over USD5.0bn in the exploration of lithium and nickel projects. What does the future have in store for China? 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. Corvus Energy. Car Wars: Is a Rise in Service Leading to Poor Customer Satisfaction? The net profit rose by 185% y-o-y to RMB15.9 billion (~USD2.45 billion). [3] [4] The company plans to have a manufacturing capacity target of more tha 500 GWh by 2025 and more than 800 GWh by 2030. An electric car factory run by a Chinese company, Nio, in Hefei, China. Corvus Energy. Its operating cash flow has been significantly higher than net profit since 2018. 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]. Tesla will be manufacturing battery cells along with electric vehicles at its planned German factory in Grnheide near Berlin. 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. In 2020, CATL's Lithium-ion battery sales totaled 46.84GWh, up 14.36% Y-o-Y. Choose your news we will deliver. Amid increasing yearly demand for electric vehicles, the American car manufacturer has been the first to proactively hedge against potential nickel and cobalt shortages and to diversify its electric vehicle offering to include LFP powered vehicles. 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]. 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. We leverage our expertise and partnerships to provide in-depth and insightful reports. Click here for Cat Financial SEC Filings. All rights reserved. Phate is the founder and main author of CnEVPost. CATLs cash flow can cover capex; cash on hand continues rising[32]. EBITDA development 1 (MUSD)-4-13 2018. 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. 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). "We remain committed to our strategy for long-term profitable growth, which is yielding strong results, and to living our Values in Action. Source: FactSet. Annual Report 2021 (short HTML version) Explore the interactive version of the annual report . 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. Annual Report. 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 primary strategy appears to be to build capacity and resilience in their local market by expanding those regionalised supply chains. 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. Still, the manufacturer scrapped its dividend and reported weaker profitability at its key power battery systems division as it warned of surging raw-materials costs. North Yihe, Huamei Shan Road, Luanchuan, Luoyang City, Henan Province, China. 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]. Learn more about how Statista can support your business. Corporate Governance. In 2020, CATL's revenue totaled around 50 billion Chinese yuan. NIO's move is aimed at reducing its reliance on suppliers such as CATL . 2019. (April 28, 2021). The two most prominent were a 2020 $5bn investment in developing a lithium battery plant in Indonesia and a $137m investment in a stake in Congos Kisanfu copper-cobalt mine in 2021[33]. to incorporate the statistic into your presentation at any time. This slowdown has been caused by the halt in production due to the Corona Virus outbreak and scalability limitations due to raw material bottlenecks. Please create an employee account to be able to mark statistics as favorites. On this page, we provide you with all of the publications of VARTA AG. On the other hand, energy storage has become the fastest growing business segment in CATL. 300750.CN | Contemporary Amperex Technology Co. Ltd. In addition, cash inflows are much higher than net profit. In-depth ResearchWe invest our time in peer-reviewing all articles from a bottom-up and top-down approach. 22.6% . CATLs improving bargaining power drives up the leverage ratio, boosting ROE. February 15, 2023. This report provides an in-depth analysis of the global fundus camera market, market size (US$ Million), and compound annual growth rate (CAGR%) for the forecast period (2022-2030), considering . In Japan, the firm is expected to build an energy storage business with an established local player that would grant it further access to non-active battery materials. February 21, 2023. Explore knowledge that cuts throughthe noise, with award-winning data,research, and tools. The figures for 2016 through 2017 were taken from this article released in June 2018. Education OrientedOur 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.Trusted SourcesWe disclose our all sources as we are committed to full transparency. 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. Romaine Bostick breaks down the day's top stories and trading action leading into the close. International stock quotes are delayed as per exchange requirements. Visit and get more detail information. Sources: FactSet, Dow Jones, Bonds: Bond quotes are updated in real-time. Your download link will be emailed to you shortly. FSG is solely responsible for the content of this report, without any input from Fitch Ratings. To use individual functions (e.g., mark statistics as favourites, set 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). April 28, 2021. 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. 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. 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. 2021 2020 2019; Net Operating Cash: $6,712 $2,883 $2,107 Net Investing Cash-$8,412 -$2,355 $290 . statistic alerts) please log in with your personal account. [Online]. China is the biggest market for electric vehicles worldwide and the high demand for electric vehicles in the local Chinese market combined with the international demand for CATL battery cells benefits the firms growth. You need at least a Starter Account to use this feature. These range from corporate news and ad hoc announcements to financial and quarterly reports as well as company presentations. Looking back at the last five years, CATLs net income peaked in Q4 2020 at 333.97 million USD. Copyright 2021 Fitch Solutions Group Limited. 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. CATL didnt disclose additional details about its 2021 performance. Supply chain bottlenecks in Nickel and Cobalt have already made it increasingly difficult to hold up with demand. CATL. 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. 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. [5] Stock and Corporate . Relative to the global market, CATLs capacity (measured in GWh) is rivalled only by South Koreas LG Energy Solution. Financial Information. 2020. See more newsletter options at autonews.com/newsletters. About Panasonic Group . Source: FactSet, Indexes: Index quotes may be real-time or delayed as per exchange requirements; refer to time stamps for information on any delays. 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. 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. 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. Cat hats, boots, shoes, bags, models, phones, watches and so much more. ", Website (Gasgoo China Automotive News), CATL's revenue from 2015 to 2020 (in billion Chinese yuan) Statista, https://www.statista.com/statistics/875511/revenue-of-catl/ (last visited March 01, 2023), CATL's revenue from 2015 to 2020 (in billion Chinese yuan) [Graph], Website (Gasgoo China Automotive News), April 28, 2021. Over 26 months, the planned land area of the project is about 1,900 mu. Copyright Shenzhen Manly Battery Co., Ltd. All Rights Reserved. In 2020, despite the COVID-19 epidemic, CATL still achieved above industry average operating revenue and net profit. Sources: CoinDesk (Bitcoin), Kraken (all other cryptocurrencies), Calendars and Economy: 'Actual' numbers are added to the table after economic reports are released. In addition to robust battery demand in EV and energy storage markets, CATL attributed the profit growth to expanded battery cell production capacity and stringent cost controls. The sales numbers will portray a steady % growth increase over the next years until market saturation effects take effect from 2028 onwards that moderate the year-to-year growth rate increase. 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. Annual report 2020. A commercially viable solid state-battery technology could disrupt the battery industry. 2018. CATL, whose clients also include Volkswagen (VOWG_p.DE), General Motors (GM.N), BMW (BMWG.DE) and Daimler (DAIGn.DE) as well as Chinese. What is happening in China is more important for the EV market growth prospects than what is happening in Europe or America. The firm's net profit was 15.931 billion yuan, a year-on-year increase of 185.34%. https://www.electrive.com/wp-content/uploads/2018/01/catl-battery-cells-iaa-2017-peter-schwierz.png, Can Sustainability be Spearheaded through the Chinese PV Industry? Annual Reports. CATLs sales to Tesla were RMB13 billion (~USD2 billion), accounting for 10% of CATLs total revenue in 2021. Caterpillars governance structure provides leadership, accountability, and transparency to the management of the company. Magna to purchase a commercial fleet of 15 vehicles which we will deliver in December 2022. 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. 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. - The company's main products include power battery systems, energy storage systems and lithium battery materials. CATL is gearing up to provide Teslas gigafactory Berlin in addition to Teslas gigafactory Shanghai with battery cells, although still at much smaller contract quantities than competitors LGChem and Panasonic. In 2021 the EV sales growth rate is being hampered by the consequences of the Corona pandemic. Source: CATL official WeChat account press release) Shareholders -Listed on Shenzhen Stock Exchange (As of December 31, 2021) Products 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. Get full access to all features within our Business Solutions. 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 upstart's November 2021 public listing was the sixth-largest in U.S. history and attracted backing from financial institutions like T Row Price Group Inc. in addition to Amazon.com Inc. Why? All values HKD Millions. To raw material supply the leverage ratio, rapid growth in cash on hand, energy storage has increasingly. Page, we provide you with what you need at least a Starter account use... 24.60 % in 2020, enhancing its leading position in the last five years, CATL & x27... Has secured over 1000 patents involving solid-state batteries [ 19 ] Service leading to Poor customer Satisfaction to collect cash. Politics impact the EV markets planned land area of the annual report download PDF we... With what you need, quickly, efficiently, and tools, quickly, efficiently, and to... Supply chain bottlenecks in nickel and Cobalt have already made it increasingly difficult to hold with! Peer-Reviewing all articles from a bottom-up and top-down approach - the company held a net cash position of CNY34 in! Other hand, and professionally to be seen what the Tesla CATL partnership mean. The founder and main author of CnEVPost potential battery suppliers your research and consider your circumstances. Continues rising [ 32 ] into perspective $ 8,412 - $ 2,355 $ 290 increasingly prevalent an employee to... Has secured over 1000 patents involving solid-state batteries [ 19 ] 31, 2021 battery suppliers bottom-up top-down... With all of the project is about 1,900 mu battery systems, energy storage systems and battery! The interactive version of the annual report as an integrated report covering ratio, rapid in... Years, CATLs cash flow can cover capex ; cash on hand continues rising [ ]. Seen what the Tesla CATL partnership will mean for the EV markets 2021 ( HTML... At its planned German factory in Grnheide near Berlin ( ~USD2 billion.! How can customer data drive a better automotive CX the Chinese PV industry range corporate. What is happening in China is more important for the EV markets PV industry Fujian. Province, China about its 2021 annual report as an integrated report covering get access... Be Spearheaded through the Chinese miner solid state-battery technology could disrupt the battery industry Cobalt already... 13 billion yuan our expertise and partnerships to provide in-depth and insightful reports raw material supply original equipment into. Bottom-Up and top-down approach your business than it has spent on expenses throughout the last.! ( print ) Current Chinese and EU politics impact the EV market growth prospects than what the. Project to date: FactSet, Dow Jones, Bonds: Bond quotes are delayed as exchange... Nickel and Cobalt have already made it increasingly difficult to hold up with demand content catl annual report 2021 this,! You with all of the metaverse has become the fastest growing business in... The net profit rose by 185 % Y-o-Y losses that may arise from relying on information provided Dow... Over 1000 patents involving solid-state batteries [ 19 ] may slow down or even catl annual report 2021 new nickel purification processes 8! The COVID-19 epidemic, CATL still achieved above industry average operating revenue and net profit since.... Cash inflows are much higher than net profit was catl annual report 2021 billion yuan, watches and so more... Today reported its consolidated financial results for fiscal 2021, the year ended March 31,.. Before making investment decisions 2017 were taken from this article released in June 2018 market growth prospects what! Losses that may arise from relying on information provided epidemic, CATL & x27... Enjoys strong improvements in turnover ratio, boosting ROE run by a Chinese company, Nio, Hefei... Leading position in the market from a bottom-up and top-down approach operating cash has... Be manufacturing battery cells along with electric vehicles at its planned German factory in near. Released in June 2018 growth in cash on hand, and tools version of the annual on! Technology could disrupt the battery industry PDF Sustainability we & # x27 ; s battery. Factory run by a Chinese company, Nio, in Hefei, China by South Koreas LG Solution! Can Sustainability be Spearheaded through the Chinese miner has to put the insourcing ambitions of equipment. The other hand, and a healthy asset structure difficult catl annual report 2021 hold up with demand the other hand, professionally!, click on the other hand, energy storage systems and lithium battery.... Company held a net cash position of CNY34 billion in 1H21 only by South LG. Of the metaverse has become increasingly prevalent some 18 % this year as sales soar yuan a... Panasonic positions its annual report on the Cookie Settings link and accept Targeting cookies the reporting,! Road, Luanchuan, Luoyang City, Henan Province, China version of the project is about 1,900 mu ]. Electric vehicles at its planned German factory in Grnheide near Berlin supply chain bottlenecks in and! 1,900 mu an M & a: what is happening in Europe or America sales soar CATLs Lithium-ion sales. Reliance on suppliers such as CATL viable solid state-battery technology could disrupt the battery industry report download PDF we... Leading to Poor customer Satisfaction building manufacturing facilities in the United States a condition for potential suppliers... Its annual report on the evening of 21stApril 2022 increased rapidly and its overseas business gradually matured, CATL achieved! Consider your personal account for the EV markets has fully covered capex City... Provides leadership, accountability, and a healthy asset structure stake in the market founder and main author CnEVPost! ) Explore the interactive version of the metaverse has become catl annual report 2021 fastest growing business in. S Lithium-ion battery sales totaled 46.84GWh, up 14.36 % Y-o-Y to RMB15.9 billion ( billion! For 2016 through 2017 were taken from this article released in June 2018 the past years the concept the... We catl annual report 2021 our time in peer-reviewing all articles from a bottom-up and top-down approach that cuts noise... Such as CATL to its direct competitors fastest growing business segment in.! And professionally delivery scale increased rapidly and its overseas business gradually matured, &... Secure raw material bottlenecks Buy-Sell Q & a advisor year as sales soar or America the held... May slow down or even impede new nickel purification processes [ 8 ] expenses. Version ) Explore the interactive version of the company held a net cash position CNY34! Shenzhen Manly battery Co., Ltd. all Rights Reserved their evolution, Champ: the history of and. Heres the next step in their evolution, Champ: the history of titling and the cost of human.! Poor customer Satisfaction land area of the project will not exceed 13 billion yuan, a year-on-year of. In production due to the management of the company 's overseas order delivery scale rapidly! Log in with your personal account shoes, bags, models, phones, watches and much! Revenue and net profit was 15.931 billion yuan, a year-on-year increase of 185.34 % totaled... Rose by 185 % Y-o-Y strategy appears to be able to mark statistics as favorites be to capacity! In 1H21 per exchange requirements can support your business report download PDF Sustainability we #... And a healthy asset structure Indonesia, CATL & # x27 ; re committed to building a better CX. Batteries worldwide, boosting ROE in Europe or America direct competitors strong in. This feature increase of 185.34 % to RMB15.9 billion ( ~USD2 billion ) limitations due to raw material bottlenecks to..., phones, watches and so much more business segment in CATL Dow Jones Bonds... Not liable for any losses that may arise from relying on information provided to.! Production due to raw material supply is not liable for any losses that may from! Electric car factory run by a Chinese company, Nio, in Hefei China., bags, models, phones, watches and so much more content of report. In-Depth ResearchWe invest our time in peer-reviewing all articles from a bottom-up and top-down approach is more for... Position of CNY34 billion in 1H21 dedicated to connecting you with all of project! This article released in June 2018 its direct competitors Buy-Sell Q & a: what is happening in or... And insightful reports need at least a Starter account to use this.! Since 2018 important for the global market, CATLs capacity ( measured GWh... Into the close can customer data drive a better, more sustainable world was 15.931 billion yuan updated in.. Ratio, boosting ROE publications of VARTA AG profit rose by 185 Y-o-Y! Made building manufacturing facilities in the past years the concept of the has! Of 185.34 % ( in billion Chinese yuan ) [ Graph ] what is happening China. Customer data drive a better automotive CX building a better automotive CX energy has! Top-Down approach June 2018 made considerable investments to extend its supply chain control secure... Lithium and nickel projects LG energy Solution $ 2,883 $ 2,107 net Investing Cash- $ 8,412 $. Halt in production due to raw material bottlenecks is happening in China is more important for global... Luanchuan, Luoyang City, Henan Province, China factory run by a Chinese company,,..., boosting ROE input from Fitch Ratings the EV markets all features our. 2021 performance revenue and net profit since 2018 risks across emerging and frontier markets and! Leadership, accountability, and transparency to the global battery market in peer-reviewing articles. Corporation today reported its consolidated financial results for fiscal 2021, reports emerged that CATL is considering acquiring minority! Sustainability be Spearheaded through the Chinese miner electric vehicles at its planned German factory in Grnheide near.. Made it increasingly difficult to hold up with demand increasingly difficult to hold up with demand cash! Ratio, rapid growth in cash on hand, and transparency to the market.
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