SHANGHAI - CATL, the world's largest battery maker, estimated net profits last year surged 151 percent to 196 percent behind the explosive growth in electrified-vehicle and energy storage. International stock quotes are delayed as per exchange requirements. Annual Reports Meritor 2021 Summary Annual Report and 10-K 5.3 MB. Detroit, Michigan Please do not hesitate to contact me. Concentrix: How can customer data drive a better automotive CX? 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. 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 . Year 2021 Semi Annual - Annual Download: Year 2020 Semi Annual - Annual Download: Year 2019 Semi Annual - Annual Download: Year 2018 Semi Annual - Annual . 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 Might Build a Factory in Mexico, Report Says. 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. As a Premium user you get access to the detailed source references and background information about this statistic. 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Sources: FactSet, Tullett Prebon, Commodities & Futures: Futures prices are delayed at least 10 minutes as per exchange requirements. Resilient battery suppliers such as CATL, LG Chem and Yunnan Enjie will profit from these imminent shortages[10]. [5] 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%. 603993@cmoc.com. On the other hand, energy storage has become the fastest growing business segment in 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. Corporate News VARTA AG adopts strategic realignment in response to challenges 15. Income Statement highlights The company's net income for fiscal years 2017 to 2020 averaged 652.82 million USD. 2018. Find the company's financial performance, revenue, and more. 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). Former CATL Directors & Associate Directors; Our Mission; Consultations; Programs & Grants. Its unrestricted cash and cash equivalents to short-term borrowings have a ratio of 8 to 1. 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. 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. Source: Kantar Media. 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]. 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). 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. The net profit rose by 185% y-o-y to RMB15.9 billion (~USD2.45 billion). 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. Get to know the business behind theproducts. 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. 86 379 68658029. As a Premium user you get access to background information and details about the release of this statistic. You need at least a Starter Account to use this feature. 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]. Join the team. 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. FSG is solely responsible for the content of this report, without any input from Fitch Ratings. An all-time low of oil prices is on the horizon. In August 2021, reports emerged that CATL is considering acquiring a minority stake in the Chinese miner. Annual Report. The Chinese Metaverse is Coming (and Creating Chinas $440 Billion Bet on Nuclear Energy. Corvus Energy. We expect worldwide EV sales to fall between 4 million and 4.3 million cars for this year. Cryptocurrencies: Cryptocurrency quotes are updated in real-time. CATLs sales to Tesla were RMB13 billion (~USD2 billion), accounting for 10% of CATLs total revenue in 2021. 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. Why? The ROE measures the profitability of a business in relation to its equity. The firm's net profit was 15.931 billion yuan, a year-on-year increase of 185.34%. But one has to put the insourcing ambitions of original equipment manufacturers into perspective. 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. Our latest articles and views onindustries, regions, and topics. one part. An electric car factory run by a Chinese company, Nio, in Hefei, China. (April 28, 2021). High quality-No complaint! One Chinese yuan was approximately equal to 0.141157 U.S. dollars on April 22, 2020. 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 . Finding a cost-effective and efficient solid-state battery for electric vehicles could prove equivalent to finding the golden fleece in Greek mythology. CATL's revenue from 2015 to 2020 (in billion Chinese yuan) [Graph]. Expert analysis of opportunities and risks across emerging and frontier markets. CATL Deployments Accelerating in Europe, Fourth Most Deployed Cells in 2020 That sounds like all the Chinese tech Giants are going Key Points ET by Barron's Autos NIO Stock Slumps After Short-Seller Questions Battery Sales. 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. Tesla, Ford and VW have plans to manufacture their own batteries for electric vehicles. This represents an increase of almost 11 percent compared with the previous year. Its liquidity has been lower in 2020 due to the impacts of the Corona crisis but the business has rebounded since then. Please create an employee account to be able to mark statistics as favorites. Its operating income reached 130.356 billion yuan ($20.1 billion) in 2021, a year-on-year increase of 159.06%. 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. It remains to be seen what the Tesla CATL partnership will mean for the global battery market. We leverage our expertise and partnerships to provide in-depth and insightful reports. Notification filed by National Security Exchange to report the removal from listing and registration of matured, redeemed or retired securities Initial . CATL's revenue was RMB130.4 billion (~USD20 billion), a 159% y-o-y increase from 2020. - The company's main products include power battery systems, energy storage systems and lithium battery materials. NISSAN: 2022 Pathfinder and 2022 Frontier. In 2021 the EV sales growth rate is being hampered by the consequences of the Corona pandemic. Secretary of Agriculture Designate Seth Meyer Agricultural Statistics Board Chairperson Joseph L. 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