The Chinese battery manufacturers CATL and BYD are being considered as potential partners. In the past years the concept of the metaverse has become increasingly prevalent. As the biggest lithium-Ion battery producer in China, CATL is likely to fulfill a large part of Teslas new LFP battery demand, but not all. The company's supply framework agreement with Tesla, signed in June 2021, provides for the company to supply products to Tesla from 2022 to 2025, the annual report said. Meet some of our key peopleand explore our credentials. Romaine Bostick breaks down the day's top stories and trading action leading into the close. 1155 Gratiot Avenue Enclosure: Annual Report 2021 (Form 56-1 One Report) Documents. In China, policymakers were early to identify the auto market as a primary target for economic stimulus. Then you can access your favorite statistics via the star in the header. The Panasonic share price had been hit hard after Elon Musk said in September 2020 that Tesla would bring in-house the manufacturing of bigger lithium-ion battery cells[21]. 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. Advanced automatic production line! Ultimately, while authorities in the US and Europe want to localise as much of the EV supply chain as possible and promote domestic entities, we expect the scale and expertise of the Asian players to ensure that they remain a critical part of the supply chain in those markets, particularly in Europe. 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. "CATL's revenue from 2015 to 2020 (in billion Chinese yuan)." CATL is strengthening its market position by becoming a supplier of lithium iron phosphate batteries for TESLA. OEM&ODM custom services! 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. We expect CATL to continue to invest in production sites and integrating elements of the local supply chains in Europe. 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%. NIO's move is aimed at reducing its reliance on suppliers such as CATL . 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). Check out these reports. Currently, you are using a shared account. Given growing supply, Goldman Sachs sees spot prices of lithium carbonate, a precursor to the compound used in making lithium-ion batteries, sinking to $34,000 a tonne in the next 12 months, from . With an increasing number of players working in this field and some milestones being achieved, the solid-state battery market is expected to grow to $8 billion by 2031[17]. While it might seem that we are not confronted with the metaverse Auto-generated video transcript: On the other hand, energy storage has become the fastest growing business segment in CATL. 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. This year's Annual Report is published in a series of two parts to provide up-to-date information. 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%. And the capacity utilization rate was 95% in 2021. 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. NISSAN: 2022 Pathfinder and 2022 Frontier. The. This slowdown has been caused by the halt in production due to the Corona Virus outbreak and scalability limitations due to raw material bottlenecks. 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. [Online]. FUZHOU - Contemporary Amperex Technology Co Ltd (CATL), China's largest automotive lithium-ion battery maker, posted strong profit growth in 2020 despite the COVID-19 pandemic. Supply chain bottlenecks in Nickel and Cobalt have already made it increasingly difficult to hold up with demand. Get 24/7 access to in-depth, authoritative coverage of the auto industry from a global team of reporters and editors covering the news thats vital to your business. Danny Lee. Sources: FactSet, Tullett Prebon, Commodities & Futures: Futures prices are delayed at least 10 minutes as per exchange requirements. Need info on your own credit report? Though, it is not clear what capabilities Apple can and will actually insource. CATL is bent on European expansion because it expects huge growth in the European electric vehicle market in response to the EUs tighter CO2 requirements for 2030. Contact via: phate@cnevpost.com. Click here for Cat Financial SEC Filings. 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. Are you interested in testing our business solutions? CATLs upstream supply chain is heavily anchored within China and the firms growth is heavily intertwined with Chinas economic development. Chart. Cat hats, boots, shoes, bags, models, phones, watches and so much more. The electric vehicle battery market is moderately fragmented. February 21, 2023. Discover how we canmeet your requirements. One can expect that the number of electric vehicles that are sold per year increases exponentially until 2028. All rights reserved. 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]. CATLs sales to Tesla were RMB13 billion (~USD2 billion), accounting for 10% of CATLs total revenue in 2021. Year 2021 Semi Annual - Annual Download: Year 2020 Semi Annual - Annual Download: Year 2019 Semi Annual - Annual Download: Year 2018 Semi Annual - Annual . Heres the next step in their evolution, Champ: The history of titling and the cost of human error. 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. CATL didnt disclose additional details about its 2021 performance. Carol Massar and Tim Stenovec host a look back at the best interviews, discussions and more. 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. Its unrestricted cash and cash equivalents to short-term borrowings have a ratio of 8 to 1. 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. Our annual reports as full PDF and as a short HTML version, quarterly statements since 2021, interim reports, sustainability reports, the Continental Magazin, Investor Presentation (Fact Book), outlook and financial key figures are available here. 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. 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. 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. 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. Know what you need but not surewhere to find it? Meritor 2019 Summary Annual Report and 10-K 4.3 MB. CATL was trailed by LG Chemical and Panasonic, which boosted their annual battery capacity by 20 percent and 12 percent to 60.2 GWh and 36.1 GWh, respectively, by the end of last year. Provides financial information as auditors report of Samsung SDI. International stock quotes are delayed as per exchange requirements. The company has been established in December 2011 by founder Zeng Yuqun alias Robin Zeng. 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. Click here to submit a Letter to the Editor, and we may publish it in print. 9th Annual B2B Report Webinar Register Now 9th Annual B2B Report Webinar. CINCINNATI, May 05, 2021 (GLOBE NEWSWIRE) -- Workhorse Group Inc. (NASDAQ: WKHS) ("Workhorse" or "the Company"), an American technology company focused on providing sustainable and cost-effective drone-integrated electric vehicles to the last mile delivery sector, announced today that it has entered . In 2021, its energy storage system sales revenue will be 13.624 billion yuan, accounting for 10.45%, a year-on-year increase of 601.01%. Your download link will be emailed to you shortly. 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. 2022 ChineseAlpha.com - All rights reserved. CATL has historically controlled and is continuing to control the Chinese battery manufacturing market as it fulfills the lion share of the Chinese battery demand. November 2022 PDF (157.66 KB) Car Wars: Is a Rise in Service Leading to Poor Customer Satisfaction? Were committed to building a better, more sustainable world. Caterpillar Reports Fourth-Quarter and Full-Year 2021 Results Fourth-quarter 2021 sales and revenues up 23%; full-year sales and revenues up 22% Fourth-quarter 2021 profit per share of $3.91; adjusted profit per share of $2.69 2021 profit per share of $11.83; adjusted profit per share of $10.81 The firm's net profit was 15.931 billion yuan, a year-on-year increase of 185.34%. Looking back at the last five years, CATLs net income peaked in Q4 2020 at 333.97 million USD. Please select at least one newsletter to subscribe. 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. 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). Annual Income Statement - WSJ DJIA Futures 34028 0.27% U.S. 10 Yr 23/32 Yield 3.742% Euro 1.0723 0.12% Subscribe Sign In Contemporary. CSI/CATL's lithium battery packs power over 330,000 commercial electric vehicles. 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. 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. 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. An electric car factory run by a Chinese company, Nio, in Hefei, China. CATL is the fastest-growing provider of EV batteries worldwide. Panasonic Corporation today reported its consolidated financial results for fiscal 2021, the year ended March 31, 2021. He has been reporting since 2009, mainly on macroeconomics and capital markets. High quality-No complaint! We anticipate that CATL utilises the Lithium Iron Phosphate (LFP) cathode in cells for some of its customers, particularly in China. Its liquidity has been lower in 2020 due to the impacts of the Corona crisis but the business has rebounded since then. Consumer demand remains strong. 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. - Net profit hit CNY 4.5 billion, representing a 131.5% growth. 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]. Find a list of Frequently Asked Questions (FAQs) about Caterpillar and our brands. Get full access to all features within our Business Solutions. 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]. Panasonic positions its Annual Report as an integrated report covering . 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. Our latest articles and views onindustries, regions, and topics. On Thursday, Chinese battery giant CATL released its 2021 annual report. Investors expect CATL to thrive in the future market. It shows that CATL is able to effectively control its costs and provide goods at a price significantly higher than its costs.CATL is on par with Panasonic and outperforms Lg Chem and Samsung SDI when it comes to its return on equity. For more information, see ourPrivacy Policy. Toyota has secured over 1000 patents involving solid-state batteries[19]. It remains to be seen what the Tesla CATL partnership will mean for the global battery market. 2019. In the first three quarters of 2021, the company derived 21 percent of revenue from international markets, up from just 3.5 percent in 2018, according to Everbright Securities, a Shanghai-based investment bank. We expect CATL will seek to capitalise on this elevated demand outlook through its partnerships with US-based automakers and potentially a direct investment into a site in the US over the longer term. Meritor 2018 Summary Annual Report and 10-K 2.4 MB. Financial Highlights 2020 Revenue 61 (MUSD) 46 29. All rights reserved. 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