The figures for 2016 through 2017 were taken from this article released in June 2018. Meritor 2020 Summary Annual Report and 10-K 2 MB. The company has been established in December 2011 by founder Zeng Yuqun alias Robin Zeng. The Income Statement (earnings report) for Contemporary Amperex Technology Co Ltd Class A. Our data is gathered from Capital IQ, DataYes, and trusted news sources. Consumer demand remains strong. Electric vehicle sales are expected to follow an S-curve growth trend. 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. Insight and analysis of top stories from our award winning magazine "Bloomberg Businessweek". This year's Annual Report is published in a series of two parts to provide up-to-date information. Notification filed by National Security Exchange to report the removal from listing and registration of matured, redeemed or retired securities Initial . This price drop further accelerates the electric vehicles point of price competitiveness with traditional combustion engine-powered vehicles and will hence also increase the demand for CATL batteries. 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. Sources: CoinDesk (Bitcoin), Kraken (all other cryptocurrencies), Calendars and Economy: 'Actual' numbers are added to the table after economic reports are released. 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Rich Experience in R&D and production of more than 12 years! - Net profit hit CNY 4.5 billion, representing a 131.5% growth. Also with regards to Tesla, there is a silver lining for CATL and other battery manufacturers. Copyright 2021 Fitch Solutions Group Limited. Yes, I'd like to receive email communications on editorial features, special offers, research and events and webinars from Automotive News. Specifics on cathode chemistry are not often readily available. CATL has 170GWh capacity in operation and 140GWh capacity under construction as of 31st December 2021. 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. Find the company's financial performance, revenue, and more. EBITDA development 1 (MUSD)-4-13 2018. Cat hats, boots, shoes, bags, models, phones, watches and so much more. Haig Partners: How are dealerships being valued today? Fundamental company data and analyst estimates provided by FactSet. Nickel prices have rallied over the past year and competition over secure, long-term supply becomes increasingly fierce. CATLs extensive change in operating expenses is mainly driven by interest income and expenses. cmoc_group. New strategic partnerships are in the CATLs pipeline. sales@manlybatteries.cominfo@manlybatteries.com. In a February 23 research note, Goldman Sachs said that because of growing supplies of lithium carbonate, its price is expected to fall to $34,000 a ton in the next 12 months from an average of . 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. 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. In the last years, CATLs cash flow has fully covered capex. Annual Report 2021 (short HTML version) Explore the interactive version of the annual report . Tesla will at least dual-source LFP battery packs and as of now also include another Chinese player, EVE Energy, in its supply chain. Apple has made building manufacturing facilities in the United States a condition for potential battery suppliers. [Online]. . 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. 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. 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. It is a buy. Fitch Solutions / Autos / China / Fri 12 Nov, 2021. Jul. It remains to be seen what the Tesla CATL partnership will mean for the global battery market. 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. Outstanding Services, Customer-Focused Team. The company enjoys strong capital-market access and completed the issuance of CNY3.0 billion of five-year onshore bonds in January 2020 and a CNY19.7 billion equity placement in July 2020[31]. 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. You need a Statista Account for unlimited access. Sources: FactSet, Tullett Prebon, Currencies: Currency quotes are updated in real-time. Its operating income reached 130.356 billion yuan ($20.1 billion) in 2021, a year-on-year increase of 159.06%. CATL, whose clients also include Volkswagen (VOWG_p.DE), General Motors (GM.N), BMW (BMWG.DE) and Daimler (DAIGn.DE) as well as Chinese. Annual Reports: No, Title, File, date of registration Table Annual Reports: Title, File Table; No Title File; 18: Annual Report (2021) 17: Annual Report (2020) 16: Annual Report (2019) 15: Annual Report (2018) 14: Annual Report (2017) 13: Annual Report (2016) 12: Annual Report (2015) 11: Annual Report (2014) 10: View our current and historical quarterly and annual reports, annual information form, and management proxy circular. About Panasonic Group . ChineseAlpha is not liable for any losses that may arise from relying on information provided. CATL didnt disclose additional details about its 2021 performance. Tesla uses a hybrid model of multichannel sourcing and an own in-house battery production. Please create an employee account to be able to mark statistics as favorites. The News Building3 London Bridge StreetLondon SE1 9SG. 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. Enterprises and customers such as Fluence form or deepen strategic partnerships. 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. Partnerships with Apple and Nio are now in discussion and would offer great potential for CATL to secure future growth and the possibility to vertically extend their value chain positioning. Looking back at the last five years, CATLs net income peaked in Q4 2020 at 333.97 million USD. There are big jobs to be done worldwide, and that work is powered by our people. Looking for information on your own credit? Over 26 months, the planned land area of the project is about 1,900 mu. Cryptocurrencies: Cryptocurrency quotes are updated in real-time. As of the close on April 21, the share price of CATL was reported at 409.11 yuan per share, a slight increase of 0.52%, and the total market value was 953.575 billion yuan. Diversity & Inclusion Caterpillar is committed to ensuring our workplace is diverse and representative of the many customers we serve around the globe. Need info on your own credit report? Current Chinese and EU politics impact the EV markets. Currently, you are using a shared account. The primary strategy appears to be to build capacity and resilience in their local market by expanding those regionalised supply chains. 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. View SEDAR filings. 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. 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