In August 2021, reports emerged that CATL is considering acquiring a minority stake in the Chinese miner Jinchuan Group International Resources Co. with a strategy to securing access to critical battery materials - the move would be aligned with the upstream vertical integration strategies of other battery cell manufacturers. Heres what you need to know. 10,000+ Employees. Subsequently, the stock price of Ningde era corrected. To learn more about our EV and battery market analysis, complete our contact form and we'll be in touch shortly to discuss the best options for you and your business. ISSN 2576-1064 (print) 603993@cmoc.com. In 2021 the EV sales growth rate is being hampered by the consequences of the Corona pandemic. 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. Allstate: Compliance standards are changing. 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. Appreciation for the brand extends far beyond those who use our equipment. We leverage our expertise and partnerships to provide in-depth and insightful reports. Carol Massar and Tim Stenovec host a look back at the best interviews, discussions and more. Date Filing Type Filing Description Download / View. CATL is the fastest-growing provider of EV batteries worldwide. CSI/CATL's lithium battery packs power over 330,000 commercial electric vehicles. 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. Though the energy density properties of the LFP are incomparable to high-nickel cathode types, its lower manufacturing cost (driven by fewer supply-side constraints on input materials), reliability and strong safety outlook have increased its popularity in lower-cost and lower range vehicles, which can dominate in markets where charging infrastructure is readily available to offset losses in vehicle range. 2019. This high P/E ratio indicates that investors are willing to pay a higher share price today because of growth expectations in the future. 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%. Currently, you are using a shared account. February 21, 2023. 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]. Stock and Corporate . Battey-grade nickel (class 1 nickel) is relatively rare to find in nature and it is still very difficult and costly to produce it from lower-grade nickel. Meritor 2017 Summary Annual Report and 10-K 4.2 MB. Investors expect CATL to thrive in the future market. 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. Copyright 2021 Fitch Solutions Group Limited. Copyright 2022 Rho Motion. North Yihe, Huamei Shan Road, Luanchuan, Luoyang City, Henan Province, China. 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: Annual Reports Meritor 2021 Summary Annual Report and 10-K 5.3 MB. While it might seem that we are not confronted with the metaverse Auto-generated video transcript: In total, we have over 20 sources to cross-verify. Looking for information on your own credit? Its shares have risen some 18% this year as sales soar. The company added that its operating cost between January and June 2022 . The CATL gigafactory will have a production capacity of 24 GWh and will create 2000 jobs by 2024[28]. 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). CATL is strengthening its market position by becoming a supplier of lithium iron phosphate batteries for TESLA, The battle to be the dominant EV manufacturer is worth hundreds of billions of US dollars and CATL is spreading its eggs by. 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]. Find a list of Frequently Asked Questions (FAQs) about Caterpillar and our brands. 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%. Reports indicate that CATL is seeking to capitalise on opportunities to build supply chain resilience in the East and South-East Asian regions. In 2020, CATLs Lithium-ion battery sales totaled 46.84GWh, up 14.36% Y-o-Y. 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. The battery pack price is continuing to fall as economies of scale, scope and learning come into play. Its unrestricted cash and cash equivalents to short-term borrowings have a ratio of 8 to 1. The German automakers have deals with existing battery cell manufacturers LG, Samsung, and CATL in place[25] and in the next 10 years, VW alone plans to produce around 22 million electric vehicles between 70 new electric models, which translates to an annual capacity requirement in Europe excess of 150 GWh, with similar demands expected in Asia[26]. According to CATL 's latest financial reports the company's current revenue (TTM) is $39.87 B . What Is CATLs Existing Capacity Outlook? 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). Consumer demand remains strong. 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. There are big jobs to be done worldwide, and that work is powered by our people. Chinese firm says lithium inflation adding price pressures, Manufacturer investing $2 billion in new Xiamen factory. Our data is gathered from Capital IQ, DataYes, and trusted news sources. A Market Level Approach to Understanding the Potential for Sustainable Evolution. You can unsubscribe at any time through links in these emails. We meet customers where they are with our tailored solutions. 9th Annual B2B Report Webinar Register Now 9th Annual B2B Report Webinar. Tesla will be manufacturing battery cells along with electric vehicles at its planned German factory in Grnheide near Berlin. Year 2021 Semi Annual - Annual Download: Year 2020 Semi Annual - Annual Download: Year 2019 Semi Annual - Annual Download: Year 2018 Semi Annual - Annual . Resilient battery suppliers such as CATL, LG Chem and Yunnan Enjie will profit from these imminent shortages[10]. To use individual functions (e.g., mark statistics as favourites, set This cooperation with Apple offers great potential for CATL to secure future growth and integrate themselves long term within the US market[11]. 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. Copyright FactSet Research Systems Inc. All rights reserved. You need a Statista Account for unlimited access. Net income for 2021 more than doubled to 15.93 billion yuan, the company said late Thursday, beating analyst estimates of 13.51 billion yuan. 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 . CATL holds significant and long-term battery supply contracts with major auto OEMs, including BMW, Daimler, PSA and VW. High quality-No complaint! For more information, see ourPrivacy Policy. 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. Advanced automatic production line! The News Building3 London Bridge StreetLondon SE1 9SG. Check out these reports. Learn more about how Statista can support your business. 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 $19.2 billion to support the development of a mass-production infrastructure within Japan for new technology batteries. [Online]. Fundamental company data and analyst estimates provided by FactSet. [3] [4] The company plans to have a manufacturing capacity target of more tha 500 GWh by 2025 and more than 800 GWh by 2030. Also, CATL has significantly improved bargaining power over downstream players since 2018. Please do not hesitate to contact me. Supply chain bottlenecks in Nickel and Cobalt have already made it increasingly difficult to hold up with demand. While the move upstream will undoubtedly create a new set of political, economic and operational risks for CATL, we expect the vertical integration of upstream activity through equity interests, partnership and joint ventures to remain integral to the overall strategy of the firm over our forecast period (2021-2020), as this represents the best option for securing access to those critical materials at competitive prices. The figures for 2016 through 2017 were taken from this article released in June 2018. Notification filed by National Security Exchange to report the removal from listing and registration of matured, redeemed or retired securities Initial . This report provides an in-depth analysis of the global fundus camera market, market size (US$ Million), and compound annual growth rate (CAGR%) for the forecast period (2022-2030), considering . Experienced AnalystsThe team has high-level experience working for blue-chip institutions like J.P. 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