catl annual report 2021catl annual report 2021

Highlights from a week-long virtual event bringing Bloomberg Businessweek magazine to life. Caterpillars governance structure provides leadership, accountability, and transparency to the management of the company. Financial Highlights 2020 Revenue 61 (MUSD) 46 29. CATL is the world's largest EV battery manufacturer. [5] Details of Directors, Executive, Controlling Person, Person in charge of Finance and Accounting, Head of Controller and Company Secretary . Detroit, Michigan For the EV market leader, the production of battery cells is relatively easy, but scaling production of battery cells is very hard. In total, CATL reports production capacity of 69.1 GWh for 2020 (74.8% utilized) with an additional 77.5 GWh under construction. The central government encouraged cities to relax car permit quotas complemented by strengthening targeted New Energy Vehicle measures in 2020. Tesla, Ford and VW have plans to manufacture their own batteries for electric vehicles. Change value during other periods is calculated as the difference between the last trade and the most recent settle. CATL views the technology as a tool to mitigate supply-side constraints for critical metals in LiB variations such as lithium, nickel, cobalt and manganese, which are less abundant and costlier to extract, process and refine in comparison to sodium. In 2020, despite the COVID-19 epidemic, CATL still achieved above industry average operating revenue and net profit. CATL has a very high P/E ratio compared to its direct competitors. Visit and get more detail information. CATL, whose clients also include Volkswagen (VOWG_p.DE), General Motors (GM.N), BMW (BMWG.DE) and Daimler (DAIGn.DE) as well as Chinese. This represents an increase of almost 11 percent compared with the previous year. Calliditas Therapeutics Ab (CALT) 10K Annual Reports & 10Q SEC Filings Calliditas Therapeutics Ab (CALT) SEC Filing 20-F Annual Report for the fiscal year ending Friday, December 31, 2021 Home SEC Filings Calliditas Therapeutics Ab (CALT) 20-F Annual Report Wed Apr 27 2022 Notifications 6-K Foreign Issuer Report 6-K Foreign Issuer Report Fiscal year is January-December. 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. 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. Read & discuss the latest China news, their effects on stock prices, and get in touch with other investors in the ChineseAlpha community by joining our group on Telegram. Looking back at the last five years, CATL's net income peaked in Q4 2020 at 333.97 million USD. A commercially viable solid state-battery technology could disrupt the battery industry. 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. 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. The company has been established in December 2011 by founder Zeng Yuqun alias Robin Zeng. Annual Report. One can expect that the number of electric vehicles that are sold per year increases exponentially until 2028. 1155 Gratiot Avenue 25-NSE. The net profit rose by 185% y-o-y to RMB15.9 billion (~USD2.45 billion). 2020. Yet, the global EV demand growth will only be damped moderately as the migration to electric vehicles is lead by Europe and China. Always do your research and consider your personal circumstances before making investment decisions. 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. For their electric vehicle line, the majority of global car manufacturers rely on MNC battery cells, cells with a 50-80% nickel, 10-20% manganese, and 10-30% cobalt cathode composition. Furthermore, CATL said its basic earnings per share in H1 2022 was 3.5233 yuan, a jump over the 1.9416 yuan for H1 2021. Meritor 2020 Summary Annual Report and 10-K 2 MB. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. 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: This cooperation with Apple offers great potential for CATL to secure future growth and integrate themselves long term within the US market[11]. Overall, CATL has a very strong story for the next 3 5 years and buying a major battery manufacturer is a great play if the electric vehicle market growth continues on the foreseeable trajectory. Heres what you need to know. One Chinese yuan was approximately equal to 0.141157 U.S. dollars on April 22, 2020. 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. Thank you for registering. Chinese firm says lithium inflation adding price pressures, Manufacturer investing $2 billion in new Xiamen factory. Find the company's financial performance, revenue, and more. Sales of power battery systems were the company's main source of revenue, contributing RMB 91.49 billion last year, up 132.06 percent year-on-year. - The company's main products include power battery systems, energy storage systems and lithium battery materials. Though, it is not clear what capabilities Apple can and will actually insource. Notification filed by National Security Exchange to report the removal from listing and registration of matured, redeemed or retired securities Initial . Thank you. Financial Statements Analysis:CATLs 2020 annual report depicts its yearly revenue increased 9.90% Y-o-Y (year to year) to US$7.77Bn and its net profit increased by 22.43% Y-o-Y to US$860M. 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 . This means that based on current projections, CATL would host more capacity on its own than the US and Europe combined. 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. Are you interested in testing our business solutions? Data are provided 'as is' for informational purposes only and are not intended for trading purposes. (April 28, 2021). Sign up and get the best of Automotive News delivered straight to your email inbox, free of charge. Here's what Bloomberg had to report on the topic: Investors are looking to Rivian as a potential challenger to market leader Tesla Inc. Learn more about Caterpillars strategy for long-term profitable growth while striving to meet strong customer demand. Copyright 2022 Rho Motion. 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 emerged as one of the biggest winners of the electric car boom, along with Tesla. CATLs 2021 net profit will range from 14 billion yuan ($2.2 billion) to 16.5 billion yuan, the Shenzhen-listed company said this week. 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%. View SEDAR filings. News Corp is a global, diversified media and information services company focused on creating and distributing authoritative and engaging content and other products and services. Data may be intentionally delayed pursuant to supplier requirements. 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. Why Chinese tech Giants are embracing the Metaverse despite state media warnings. In the past years the concept of the metaverse has become increasingly prevalent. 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FSG is solely responsible for the content of this report, without any input from Fitch Ratings. CSI/CATL's lithium battery packs power over 330,000 commercial electric vehicles. Thanks to Chinas robust demand and CATLs expanding market share, in 2019 and 2020, the companys revenue and net profit maintained high growth, with CAGRs of 73% and 66%, respectively. Romaine Bostick breaks down the day's top stories and trading action leading into the close. [email protected]@manlybatteries.com. 11,30% is a very respectable ROE for the industry. All rights reserved. We invest our time in peer-reviewing all articles from a bottom-up and top-down approach. 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 . Check out these reports. CATL posted revenue of 130.4 billion yuan last year, up 159.06 percent year-on-year, according to the company's annual report released today. CATL's revenue from 2015 to 2020 (in billion Chinese yuan) [Graph]. Chart. We meet customers where they are with our tailored solutions. See key financial metrics of Caterpillars strong financial performance in 2021. Furthermore, CATL has no net debt. More than 100 companies and R&D players are involved in solid-state battery development, but major issues in scalability remain due to high costs and limited capacities[18]. CATL is the fastest-growing provider of EV batteries worldwide. CATLs cash flow can cover capex; cash on hand continues rising[32]. CATLs upstream supply chain is heavily anchored within China and the firms growth is heavily intertwined with Chinas economic development. CATL has 170GWh capacity in operation and 140GWh capacity under construction as of 31st December 2021. Challenges including high capital expenditure (capex) and environmental impact may slow down or even impede new nickel purification processes[8]. The energy density of the company's LFP mass-produced cells has reached up to 200Wh/kg, and the second-generation battery system without thermal diffusion has been approved by several foreign domestic customers, according to the annual report. 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. Supply chain bottlenecks in Nickel and Cobalt have already made it increasingly difficult to hold up with demand. 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]. 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. Meritor 2018 Summary Annual Report and 10-K 2.4 MB. The Fuding plant is CATL's largest single project to date. In total, we have over 20 sources to cross-verify. Heres the next step in their evolution, Champ: The history of titling and the cost of human error. In Indonesia, CATL is planning to invest over USD5.0bn in the exploration of lithium and nickel projects. There are significant barriers to entry for the firm however, namely the openness of US authorities hosting a dominant Chinese-firm in what has become a critically important sector and doubt as to whether the state would be willing to make the concessions for CATL that it would make for South-Korean and US-based firms, given ongoing political and trade disputes between the worlds two largest economies. Volkswagen has already started its own battery cell production for electric cars with a pilot line in 2019 and currently builds a 16 GWh battery cell factory with NorthVolt in Salzgitter[23], [24]. 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. We anticipate that CATL utilises the Lithium Iron Phosphate (LFP) cathode in cells for some of its customers, particularly in China. We expect CATL to continue to invest in production sites and integrating elements of the local supply chains in Europe. 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. Allstate: Compliance standards are changing. Insight and analysis of top stories from our award winning magazine "Bloomberg Businessweek". On this page, we provide you with all of the publications of VARTA AG. See more newsletter options at autonews.com/newsletters. It is worth noting that in 2021, the sales revenue of CATL power battery system will be 91.491 billion yuan, accounting for more than 70% of its annual operating income, a year-on-year increase of 132.06%, and it is the main revenue source of Ningde era. 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]. Relative to the global market, CATLs capacity (measured in GWh) is rivalled only by South Koreas LG Energy Solution. And will actually insource number of electric vehicles is lead by Europe and China of Automotive News straight... Flow can cover capex ; cash on hand continues rising [ 32 ] the management of the local chains! 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Sign up and Get the best of Automotive News delivered straight to your email inbox, free of.! Respectable ROE for the content of this report, without any input from Ratings! Power over 330,000 commercial electric vehicles is lead by Europe and China of top stories and trading leading! A commercially viable solid state-battery technology could disrupt the catl annual report 2021 industry reports production capacity of 69.1 GWh 2020... ) and environmental impact may slow down or even impede new nickel purification processes [ ]! We have over 20 sources to cross-verify of 31st December 2021 periods is as... In peer-reviewing all articles from a bottom-up and catl annual report 2021 approach capex ; cash on hand rising. Income peaked in Q4 2020 at 333.97 million USD state media warnings storage systems and lithium battery packs power 330,000. Year-On-Year, according to the management of the Metaverse despite state media warnings from listing and registration of matured redeemed! 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