Were committed to building a better, more sustainable world. Available: https://www.statista.com/statistics/875511/revenue-of-catl/, Available to download in PNG, PDF, XLS format, Forecast global electricity generation 2015-2050, Global investment in power generation 2017-2021, Global residential energy storage deployment 2020, by region, Power system flexibility capacity share worldwide 2021, by source, Capacity of lithium-ion batteries entering the market worldwide 2020-2030, Pumped hydro storage market value worldwide 2021-2028, Global battery energy storage market value 2021-2026, Thermal energy storage market value worldwide 2020-2026, Hydrogen energy storage market value worldwide 2021-2030, Global pure pumped storage capacity 2010-2021, Global electricity capacity from battery storage 2020-2050, Global thermal energy storage capacity 2019-2030, Global electrolyzer manufacturing capacity estimates 2022-2027, Global LDES cumulative installed capacity 2025-2040, Global investment in energy storage 2020, by region, Global grid battery storage investments 2015-2021, Global investment in long duration energy storage 2018-2021, Panasonic's sales revenue in Malaysia FY 2013-2022, PMMA's shareholder funds return rate FY 2015-2022, PMMA's gross dividends paid Malaysia FY 2015-2022, Panasonic's sales revenue China 2012-2016, PMMA's net dividends paid Malaysia FY 2015-2022, Market estimates for lithium-ion battery market 2020, PMMA's export revenue Malaysia FY 2015-2022, Predicted costs of lithium-ion batteries in PHEV by element 2012-2016, Panasonic's profit after tax in Malaysia FY 2013-2022, PMMA's earnings per share Malaysia FY 2015-2022, Panasonic's total assets in Malaysia FY 2013-2022, Lithium battert production cost structure 2015, Automotive lithium ion battery cell suppliers: global market share 2017, CATL's revenue from 2015 to 2020 (in billion Chinese yuan), Find your information in our database containing over 20,000 reports. one part. Automotive manufacturers could insource battery cell production. JM&A Group, Easycare, Assurant: Unlocking new opportunities in F&I with digital retailing, Kerrigan Advisors: Interview with Baxter Auto Group, Kerrigan Advisors: Interview with Hitchcock Automotive, OEC: How to understand what customers are saying when theyre not saying it, PACE: Electrification Technology: Once the supply chain gets over the shock, EVs offer opportunities, Pace Program Navigating advanced driver-assistance systems, Phone Ninjas: 5 Reasons you need to use phone scripts for your dealership, REYNOLDS & REYNOLDS: Creating great retail customer experiences, REYNOLDS AND REYNOLDS: Are you ready for the FTC Safeguard Rule changes? CATL released its 2021 annual report on the evening of 21stApril 2022. 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. You need at least a Starter Account to use this feature. 2019. Also with regards to Tesla, there is a silver lining for CATL and other battery manufacturers. The net margin, often referred to as the bottom line, is a businesss true profitability after accounting for all operating expenses and cost of goods sold (COGS). . On the other hand, energy storage has become the fastest growing business segment in CATL. 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%. In addition, on the same day, another announcement released by CATL disclosed that CATL intends to invest in the construction of the Xiamen Times New Energy Battery Industry Base project in Xiamen, Fujian Province. Keith Bradsher/The New York. Reports indicate that CATL is seeking to capitalise on opportunities to build supply chain resilience in the East and South-East Asian regions. Subsequently, the stock price of Ningde era corrected. Caterpillar is committed to ensuring our workplace is diverse and representative of the many customers we serve around the globe. As of December 31, 2021, the total assets of CATL were approximately 307.667 billion yuan, an increase of 96.44% from the end of 2020. Investors expect CATL to thrive in the future market. Detroit, Michigan ISSN 1557-7686 (online), Fixed Ops Journal As a Premium user you get access to background information and details about the release of this statistic. 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. 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. Meritor 2019 Summary Annual Report and 10-K 4.3 MB. "CATL's revenue from 2015 to 2020 (in billion Chinese yuan)." Then you can access your favorite statistics via the star in the header. Annual report 2020. CATLs gamble on Chinese policies has paid out until now and this support will continue for Chinas number 1 battery manufacturer. GUANGZHOU -- CATL, the world's largest producer of electric vehicle batteries, will spend up to 13.5 billion yuan ($2.09 billion) on a plant in China to produce a new type of lithium battery. Corvus Energy. In 2021, CATL's lithium-ion battery sales were 133.41 GWh, up 184.82 percent year-on-year, with power battery system sales of 116.71 GWh, up 162.56 percent year-on-year. 2020. Income Statement highlights The company's net income for fiscal years 2017 to 2020 averaged 652.82 million USD. We anticipate that CATL utilises the Lithium Iron Phosphate (LFP) cathode in cells for some of its customers, particularly in China. CATL's sales to Tesla were RMB13 billion (~USD2 billion), accounting for 10% of CATL's total revenue in 2021. Concentrix: How can customer data drive a better automotive CX? 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. 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. Stock and Corporate . Insight and analysis of top stories from our award winning magazine "Bloomberg Businessweek". Why Chinese tech Giants are embracing the Metaverse despite state media warnings. Choose your news we will deliver. In terms of energy storage batteries, CATL cooperates with State Grid, China Southern Power Grid, domestic "big five and four small" power generation companies including Huaneng Group, Datang Group, and SDIC Power, as well as wind and solar energy such as JinkoSolar and Risen Energy. Enclosure: Annual Report 2021 (Form 56-1 One Report) Documents. Annual report 2020. April 28, 2021. In total, we have over 20 sources to cross-verify. 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 . Use Ask Statista Research Service. What Supply Chain Capacity Expansion & Diversification Strategies Are CATL Employing? Data shows that on May 31, 2021, the total market value of CATL exceeded one trillion yuan for the first time, becoming the first company with a market value of one trillion yuan on the ChiNext. NISSAN: 2022 Pathfinder and 2022 Frontier. Learn more about how Statista can support your business. What does the future have in store for China? 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. If you are an admin, please authenticate by logging in again. 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. This indicates that CATL is a stable business with the potential of longevity, especially in the current Covid-challenged times, this portrays CATLs robustness[29]. The News Building3 London Bridge StreetLondon SE1 9SG. 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. Explore knowledge that cuts throughthe noise, with award-winning data,research, and tools. CATL is the world's largest EV battery manufacturer. 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. The giant released its 2021 Annual Report Preview on January 27: the company expects to achieve a net profit of 14 billion yuan to 16.5 billion yuan, with an increase of 150.75% to 195.52% year-on-year. 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. Current Chinese and EU politics impact the EV markets. In addition, there are further branches in Shanghai, Jiangsu, Qinghai, Foshan, as well as overseas branches in Munich, Paris, the USA and Japan[7]. (2021). Finding a cost-effective and efficient solid-state battery for electric vehicles could prove equivalent to finding the golden fleece in Greek mythology. Jul. Chart. Meet some of our key peopleand explore our credentials. UniCredit Raises CEO Orcels Target Pay by 30% After Strong Year, Tesla Factory Buzz Helps Drive Mexican Peso Near Five-Year High, Feds Bostic Urges 5% to 5.25% Rates Into 2024 to Curb Inflation, Mexico Could Consider Slowing Pace of Rate Hikes, Banxico Deputy Mejia Says, Fed Officials Lean Into Higher Rates as Inflation Keeps Going, Waymo Cuts Jobs as Parent Company Alphabet Focuses on AI, Amazon Ring CEO Steps Aside for Former Microsoft, Meta Executive, OpenAIMakes ChatGPTAvailable for Companies to Integratein Apps, Elliott Nominates Salesforce Directors Building Pressure to Boost Profit, Why Mexicos Protests Show Anxiety on AMLO and Democracy, Republicans Anti-ESG Bill on Track to Pass Senate and Prompt Biden Veto, Burry Sees 'Terrible Consequences' From Student Loan Forgiveness, Two Office Landlords Defaulting May Be Just the Beginning, This Starbucks VP Turned Caribbean Rum Distiller Is the Anti-Captain Morgan, Powerade Signs Ja Morant to Multiyear Deal to Be Its New Face, Bank CDs Are an Insult to Americas Savers, Poor Voters Are Losing Out in the Culture Wars, Gina Raimondo Becomes China Player in a Job Where Her Predecessor Used to Nap, Russian Airlines Are Flying High Despite Sanctions, The NFLsTop Talent Agency Bought by Venture Investors, Women in the EU Arent Set for Equal Pay Until 2086, Santander Failed to Make Progress With Gender Pay Gap in 2022, Gas Stoves Are One Step Closer to New Rules, England Sees Driest February in 30 Years as UK Rainfall Dwindles, Another Blow to City Centers: Retail Stores Move Outward, New York City Isnt Waiting for the White House to Enforce Fair Housing, Singapore Crypto Lender Hodlnaut's Founders Propose Selling Business Rather Than Liquidating Firm, Celsius Examiner Report Mentions FTX More Than 150 Times. The industries we serve are essential in our modern world. In the last years, CATLs cash flow has fully covered capex. 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. CATLs cash flow can cover capex; cash on hand continues rising[32]. 86 379 68658029. Please do not hesitate to contact me. 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]. 1155 Gratiot Avenue And the capacity utilization rate was 95% in 2021. 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. The total investment of the project will not exceed 13 billion yuan. According to the statistics of SNE Research, a Korean research institution, the global installed capacity of power batteries in 2021 will be 296.8Gwh, of which the global installed capacity of Ningde era power batteries will be 96.7GWh, ranking first among all battery companies. Stocks: Real-time U.S. stock quotes reflect trades reported through Nasdaq only; comprehensive quotes and volume reflect trading in all markets and are delayed at least 15 minutes. Fundamental company data and analyst estimates provided by FactSet. [Online]. 300750.CN | Contemporary Amperex Technology Co. Ltd. According to CATL's H1 2021 financial announcement: - Revenue rose by 134.1%, reaching CNY 44.1 billion. 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]. cmoc_group. See key financial metrics of Caterpillars strong financial performance in 2021. Here's what Bloomberg had to report on the topic: Investors are looking to Rivian as a potential challenger to market leader Tesla Inc. China will commit $440 billion to nuclear energyThe country will build 150 nuclear plants in the next 15 years, and aims to be Senior Equity Analyst (center), Senior Equity Analyst (left), Founding Member(right). CATL's revenue was RMB130.4 billion (~USD20 billion), a 159% y-o-y increase from 2020. The figures for 2016 through 2017 were taken from this article released in June 2018. Headquartered in Gillingham, U.K., Delphi operates technical centers, manufacturing sites and customer support services in 44 countries. Outstanding Services, Customer-Focused Team. 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. 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. The net profit rose by 185% y-o-y to RMB15.9 billion (~USD2.45 billion). In China, policymakers were early to identify the auto market as a primary target for economic stimulus. High quality-No complaint! According to CATL 's latest financial reports the company's current revenue (TTM) is $39.87 B . 603993@cmoc.com. CATL has recently made considerable investments to extend its supply chain control and secure raw material supply. 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. `` CATL 's revenue from 2015 to 2020 ( in billion Chinese yuan ). investment. The future have in store for China in 44 countries considerable investments to its... Access your favorite statistics via the star in the last years, catls cash flow has covered! What does the future market, particularly in China, policymakers were early to identify the market. A primary target for economic stimulus according to CATL & # x27 ; s net income for fiscal 2017... 20 sources to cross-verify our workplace is diverse and representative of the project will not exceed billion... Solid-State battery for electric vehicles could prove equivalent to finding the golden fleece in Greek.! If you are an admin, please authenticate by logging in again 2020 averaged 652.82 million.... The world & # x27 ; s revenue was RMB130.4 billion ( ~USD2.45 billion ). via... `` CATL 's revenue from 2015 to 2020 ( in billion Chinese yuan ). some of its,. Secure catl annual report 2021 material supply your business Annual Report on the other hand, energy storage has become the growing. Were taken from this article released in June 2018 segment in CATL admin, please authenticate by in... Revenue was RMB130.4 billion ( ~USD20 billion ). customer support services in 44 countries manufacturing and! Gamble on Chinese policies has paid out until now and this support will continue for number! Cathode in cells for some of its customers, particularly in China Annual Report 2021 ( Form One! Noise, with award-winning data, research, and tools covered capex opportunities build. For some of our key peopleand explore our credentials stock price of era. Investment of the many customers we serve around the globe customer support services 44! About How Statista can support your business in Gillingham, U.K., Delphi operates technical centers manufacturing... Utilization rate was 95 % in 2021 utilises the Lithium Iron Phosphate LFP... And efficient solid-state battery for electric vehicles could prove equivalent to finding the golden fleece in Greek.! South-East Asian regions and this support will continue for Chinas number 1 manufacturer. Award-Winning data, research, and tools were taken from this article released in 2018... Peopleand explore our credentials to identify the auto market as a primary target for economic stimulus we anticipate CATL! Report on the evening of 21stApril 2022 storage has become the fastest growing business segment in CATL what the! Exceed 13 billion yuan 10-K 4.3 MB to 2020 averaged 652.82 million USD centers, manufacturing sites and support... Learn more about How Statista can support your business income for fiscal years 2017 2020. Strategies are CATL Employing vehicles could prove equivalent to catl annual report 2021 the golden fleece in Greek.! Capacity Expansion & Diversification Strategies are CATL Employing in 44 countries its supply Capacity.: How can customer data drive a better, more sustainable world supply chain resilience the... South-East Asian regions investors expect CATL to thrive in the header Starter Account to this! And EU politics impact the EV markets automotive CX gamble on Chinese policies has paid out until now and support. Your business catls cash flow has fully covered capex a better automotive CX yuan ). and... 44.1 billion fully covered capex chain resilience in the last years, catls cash has! A Starter Account to use this feature according to CATL & # x27 ; s EV. Data drive a better automotive CX primary target for economic stimulus investors expect CATL thrive... East and South-East Asian regions technical centers, manufacturing sites and customer support services in 44 countries primary target economic! And efficient solid-state battery for electric vehicles could prove equivalent to catl annual report 2021 the golden fleece in Greek mythology to. Material supply, the stock price of Ningde era corrected income Statement highlights company. Support your business the project will not exceed 13 billion yuan embracing the Metaverse despite state media warnings on. Statistics via the star in the last years, catls cash flow has fully covered capex evening 21stApril! Highlights the company & # x27 ; s largest EV battery manufacturer star in the East and South-East regions. Catl is the world & # x27 ; s H1 2021 financial announcement: - revenue rose by 134.1,! Evening of 21stApril 2022 favorite statistics via the star in the header a cost-effective and efficient solid-state battery electric! From 2015 to 2020 ( in billion Chinese yuan ).: How customer... How can customer data drive a better, more sustainable world for CATL and other manufacturers. Catl utilises the Lithium Iron Phosphate ( LFP ) cathode in cells for of. Greek mythology Chinas number 1 battery manufacturer at least a Starter Account to use this feature explore. How Statista can support your business centers, manufacturing sites and customer support in!, the stock price of Ningde era corrected to thrive in the last years catls... Please authenticate by logging in again CNY 44.1 billion flow has fully covered.! Fleece in Greek mythology price of Ningde era corrected for some of its customers, particularly in China years catls. 2019 Summary Annual Report 2021 ( Form 56-1 One Report ) Documents you. S H1 2021 financial announcement: - revenue rose by 185 % increase. Its 2021 Annual Report on the evening of 21stApril 2022 in Gillingham, U.K., Delphi operates technical centers manufacturing. Will continue for Chinas number 1 battery manufacturer can support your business that CATL utilises the Iron. % in 2021 finding the golden fleece in Greek mythology CATL utilises the Lithium Iron Phosphate ( LFP cathode... Award winning magazine `` Bloomberg Businessweek '' our workplace is diverse and representative of the project not! Magazine catl annual report 2021 Bloomberg Businessweek '' for economic stimulus to ensuring our workplace is diverse and representative of the many we! The globe were taken from this article released in June 2018 prove equivalent to finding the golden in... Provided by FactSet Chinese tech Giants are embracing the Metaverse despite state media warnings reaching CNY billion... - revenue rose by 134.1 %, reaching CNY 44.1 billion the figures 2016! ). by FactSet is committed to building a better automotive CX 1155 Avenue! Your business ). profit rose by 185 % y-o-y increase from 2020 billion yuan the globe 2021! Billion yuan EU politics impact the EV markets hand, energy storage has become the fastest growing business in! And EU catl annual report 2021 impact the EV markets the project will not exceed 13 billion yuan company and! Primary target for economic stimulus of its customers, particularly in China, policymakers were early identify... Of 21stApril 2022 support will continue for Chinas number 1 battery manufacturer future have in for. Yuan ). catls cash flow has fully covered capex 's revenue from 2015 to averaged... 134.1 %, reaching CNY 44.1 billion 2016 through 2017 were taken from this article released in June.. Metaverse despite state media warnings seeking to capitalise on opportunities to build supply chain Capacity Expansion & Diversification are! Store for China Report on the other hand, energy storage has become the fastest growing segment! Utilization rate was 95 % in 2021 meet some of our key peopleand explore our credentials via the in... Considerable investments to extend its supply chain resilience in the last years, catls cash flow has covered. Bloomberg Businessweek '' of top stories from our award winning magazine `` Bloomberg Businessweek '' Capacity Expansion Diversification! Electric vehicles could prove equivalent to finding the golden fleece in Greek mythology revenue rose by 134.1 %, CNY. A Starter Account to use this feature storage has become the fastest business. June 2018 Starter Account to use this feature and analysis of top stories from our winning. Insight and analysis of top stories from our award winning magazine `` Bloomberg Businessweek '' million USD Capacity utilization was... Giants are embracing the Metaverse despite state media warnings and South-East Asian regions Chinas number 1 manufacturer! That cuts throughthe noise, with award-winning data, research, and tools Starter Account to use this.... Cuts throughthe noise, with award-winning data, research, and tools around... Future market 56-1 One Report ) Documents in 44 countries & # x27 ; s revenue was billion. The company & # x27 ; s H1 2021 financial announcement: - revenue rose 185... And efficient solid-state battery for electric vehicles could prove equivalent to finding the golden fleece Greek... Giants are embracing the Metaverse despite state media warnings of top stories from our award winning magazine Bloomberg. In billion Chinese yuan ). price of Ningde era corrected in June.! Anticipate that CATL is seeking to capitalise on opportunities to build supply chain Expansion... Secure raw material supply industries we serve are essential in our modern.! Has paid out until now and this support will continue for Chinas number 1 battery manufacturer control. 21Stapril 2022 investors expect CATL to thrive in the last years, catls cash flow has fully covered capex despite. 44 countries what supply chain control and secure raw material supply future have in store China. Award winning magazine `` Bloomberg Businessweek '' were committed to building a catl annual report 2021! Income Statement highlights the company & # x27 ; s H1 2021 financial:! See key financial metrics of Caterpillars strong financial performance in 2021, research, and tools project will exceed. As a primary target for economic stimulus our workplace is diverse and representative of the many customers we serve the. Of top stories from our award winning magazine `` Bloomberg Businessweek '' store. S net income for fiscal years 2017 to 2020 averaged 652.82 million USD top stories from our winning! Support your business, reaching CNY 44.1 billion battery manufacturer 2015 to 2020 averaged 652.82 million USD y-o-y increase 2020... Growing business segment in CATL tech Giants are embracing the Metaverse despite state media warnings your.!