catl annual report 2021

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]. Website (Gasgoo China Automotive News). Discover how we canmeet your requirements. 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. This price drop further accelerates the electric vehicles point of price competitiveness with traditional combustion engine-powered vehicles and will hence also increase the demand for CATL batteries. While it might seem that we are not confronted with the metaverse Auto-generated video transcript: Provides financial information as auditors report of Samsung SDI. New strategic partnerships are in the CATLs pipeline. 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]. Understand Caterpillar at a glance through resources including our Caterpillar fact sheet, our corporate profile, and more. Osaka, Japan - On January 19, 2022, Panasonic Corporation published the second part of its "Annual Report 2021" to complete the first part published in September 2021. See more newsletter options at autonews.com/newsletters. CATL is the world's largest EV battery manufacturer. Our data is gathered from Capital IQ, DataYes, and trusted news sources. Annual Report. Specifics on cathode chemistry are not often readily available. 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. FSG is solely responsible for the content of this report, without any input from Fitch Ratings. At the end of 2017, 23% of nearly 15,000 employees worked in research and development. On Thursday, Chinese battery giant CATL released its 2021 annual report. In 2020, CATLs Lithium-ion battery sales totaled 46.84GWh, up 14.36% Y-o-Y. 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. 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. Website (Gasgoo China Automotive News). 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. 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. Our latest articles and views onindustries, regions, and topics. 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. Annual Reports and Form 56-1. Who We Are What We Do Sustainability Corporate Governance . View SEDAR filings. Get full access to all features within our Business Solutions. Visit and get more detail information. The net profit rose by 185% y-o-y to RMB15.9 billion (~USD2.45 billion). 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%. 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]. Current Chinese and EU politics impact the EV markets. As of 2021, there is a huge battery cell supply shortage and with Teslas ambitions for long-range trucks, this shortage will continue into the future[27]. Concentrix: How can customer data drive a better automotive CX? One Chinese yuan was approximately equal to 0.141157 U.S. dollars on April 22, 2020. It is understood that CATL has launched in-depth cooperation with Tesla, Hyundai, Ford, Mercedes-Benz, Great Wall, Ideal, Weilai and other car companies in terms of power batteries. 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. 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. Caterpillar is committed to ensuring our workplace is diverse and representative of the many customers we serve around the globe. Economies of scale in manufacturing and the rapid development of the domestic market for PV are Chinas current most significant contributions to reducing Disclaimer: Our content is intended to be used solely for informational and educational purposes, and not as investment advice. With a planned 70GWh capacity, the site will be the largest in Europe. cmoc_group. Its operating income reached 130.356 billion yuan ($20.1 billion) in 2021, a year-on-year increase of 159.06%. During the reporting period, the company's overseas order delivery scale increased rapidly and its overseas business gradually matured, CATL said. CATL's revenue was RMB130.4 billion (~USD20 billion), a 159% y-o-y increase from 2020. 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. 603993@cmoc.com. EBITDA development 1 (MUSD)-4-13 2018. Register in seconds and access exclusive features. Global outlook on electricity generation 2020-2050, by energy source, Biggest planned green hydrogen projects globally August 2021, Global pumped storage capacity 2021, by leading country, Cumulative global energy storage deployment 2013-2030. Our business helps customers build a better, more sustainable world through innovative products and services. Magna to purchase a commercial fleet of 15 vehicles which we will deliver in December 2022. About Panasonic Group . The battery giant generated revenue of 50.32 billion yuan in 2020, up by 9.9 percent year on year. This report was approved on July 23, 2021. Click here for "Analysis Report: Lithium-Ion Battery (Chinese Market) -In 2021, CATL was No. We disclose our all sources as we are committed to full transparency. Over 26 months, the planned land area of the project is about 1,900 mu. However, while. Your download link will be emailed to you shortly. Annual General Meeting Add to Calendar May 3, 2023 Q1 2023 Shipments and Revenues Add to Calendar July 27, 2023 First Half 2023 Results Add to Calendar October 31, 2023 Q3 2023 Shipments and Revenues Past Events 2023 2022 2021 January 5, 2023 Stellantis CEO Carlos Tavares Keynote at CES 2023 Go To Page New York $ 15.85 0.82 % The net profit rose by 185% y-o-y to RMB15.9 billion (~USD2.45 billion). 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. The primary strategy appears to be to build capacity and resilience in their local market by expanding those regionalised supply chains. Headquartered in Gillingham, U.K., Delphi operates technical centers, manufacturing sites and customer support services in 44 countries. What does the future have in store for China? The central government encouraged cities to relax car permit quotas complemented by strengthening targeted New Energy Vehicle measures in 2020. Outstanding Services, Customer-Focused Team. [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. Data are provided 'as is' for informational purposes only and are not intended for trading purposes. sales@manlybatteries.cominfo@manlybatteries.com. Chinese firm says lithium inflation adding price pressures, Manufacturer investing $2 billion in new Xiamen factory. CATLs total assets (cash, investments and everything that the business owns that can be liquidated into cash) have been steadily increasing over the last four years. The market share of CATL has increased significantly to 32.60% from 24.60% in 2020, enhancing its leading position in the market. CATLs upstream supply chain is heavily anchored within China and the firms growth is heavily intertwined with Chinas economic development. Highlights from a week-long virtual event bringing Bloomberg Businessweek magazine to life. CATL's sales to Tesla were RMB13 billion (~USD2 billion), accounting for 10% of CATL's total revenue in 2021. [Online]. It is a buy. Sources: FactSet, Dow Jones, ETF Movers: Includes ETFs & ETNs with volume of at least 50,000. Sources: FactSet, Dow Jones, Bonds: Bond quotes are updated in real-time. 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 has strong liquidity. Annual Reports Meritor 2021 Summary Annual Report and 10-K 5.3 MB. While granular details on existing capacity are not readily available, industry service electrive estimated CATLs production capacity at around 110 GWh in 2020, and indicates that the firm is looking to expand that global capacity to 230 GWh in 2021, 370 GWh in 2022, 540 GWh in 2023, 830 GWh in 2024 and 1,200 GWh in 2025. This enables CATL to procure battery materials and production sites at better prices with its economies of scale which translates into lower battery cell/pack costs for its customers. Insight and analysis of top stories from our award winning magazine "Bloomberg Businessweek". Source: Kantar Media. 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. articles a month for anyone to read, even non-subscribers! We invest our time in peer-reviewing all articles from a bottom-up and top-down approach. The electric vehicle battery market is moderately fragmented. Source: FactSet, Markets Diary: Data on U.S. Overview page represent trading in all U.S. markets and updates until 8 p.m. See Closing Diaries table for 4 p.m. closing data. We leverage our expertise and partnerships to provide in-depth and insightful reports. A cooperation with Nio extends CATLs business operations downstream. 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]. Provides financial information as performance announcement of Samsung SDI. And the capacity utilization rate was 95% in 2021. Enclosure 1. 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]. The move towards LFP batteries will on the one hand decrease Teslas supply chain risk as LFP batteries do not require any bottleneck resources (nickel and cobalt) and on the other hand increase the number of Teslas sourcing channels overall. Based in Gillingham, England. The firm's net profit was 15.931 billion yuan, a year-on-year increase of 185.34%. What is happening in China is more important for the EV market growth prospects than what is happening in Europe or America. Moreover, the firm has continued to collect more cash from customers than it has spent on expenses throughout the last years. The Fuding plant is CATL's largest single project to date. Sources: FactSet, Tullett Prebon, Currencies: Currency quotes are updated in real-time. Learn more about how Statista can support your business. Keith Bradsher/The New York. Car Wars: Is a Rise in Service Leading to Poor Customer Satisfaction? 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 . Any copying, republication or redistribution of Lipper content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of Lipper. Cat hats, boots, shoes, bags, models, phones, watches and so much more. to incorporate the statistic into your presentation at any time. NIO's move is aimed at reducing its reliance on suppliers such as CATL . We meet customers where they are with our tailored solutions. CATL holds significant and long-term battery supply contracts with major auto OEMs, including BMW, Daimler, PSA and VW. ", To watch videos, click on the Cookie Settings link and accept Targeting cookies. Find a list of Frequently Asked Questions (FAQs) about Caterpillar and our brands. Finding a cost-effective and efficient solid-state battery for electric vehicles could prove equivalent to finding the golden fleece in Greek mythology. A commercially viable solid state-battery technology could disrupt the battery industry. The company held a net cash position of CNY34 billion in 1H21. 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). 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. Our expert analysts and guest speakers discuss short- and long-term political and geopolitical risk. CATLs strategic vision is to utilize electrification and intelligentization to realize integrated innovation of market applications, utilize EV batteries to replace mobile fossil energy and utilize renewable energy generation and energy storage to replace stationary fossil energy[6]. 4. 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. There are big jobs to be done worldwide, and that work is powered by our people. Source: FactSet. Its unrestricted cash and cash equivalents to short-term borrowings have a ratio of 8 to 1. Former CATL Directors & Associate Directors; Our Mission; Consultations; Programs & Grants. 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. ISSN 1557-7686 (online), Fixed Ops Journal Annual report 2020. 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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. 300750.CN | Contemporary Amperex Technology Co. Ltd. This means that based on current projections, CATL would host more capacity on its own than the US and Europe combined. In a move that would lessen its reliance on CATL, Nio is planning to build a new battery plant with annual capacity to produce enough to power about 400,000 long-range EVs, Reuters reported on Friday. Thank you. Find the company's financial performance, revenue, and more. Are you interested in testing our business solutions? 10,000+ Employees. Corporate Governance. High quality-No complaint! 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. CATL released its 2021 annual report on the evening of 21st April 2022. International stock quotes are delayed as per exchange requirements. 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. Romaine Bostick breaks down the day's top stories and trading action leading into the close. Lipper shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon. The headquarters are located in Ningde in Fujian Province. Get to know the business behind theproducts. 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). 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. CATL, whose clients also include Volkswagen (VOWG_p.DE), General Motors (GM.N), BMW (BMWG.DE) and Daimler (DAIGn.DE) as well as Chinese. 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. 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 Meritor 2019 Summary Annual Report and 10-K 4.3 MB. In 2020, CATL's revenue totaled around 50 billion Chinese yuan. SHANGHAI CATL, the worlds largest battery maker, estimated net profits last year surged 151 percent to 196 percent behind the explosive growth in electrified-vehicle and energy storage markets. In total, CATL reports production capacity of 69.1 GWh for 2020 (74.8% utilized) with an additional 77.5 GWh under construction. In addition, there are further branches in Shanghai, Jiangsu, Qinghai, Foshan, as well as overseas branches in Munich, Paris, the USA and Japan[7]. "CATL's revenue from 2015 to 2020 (in billion Chinese yuan)." 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. CATL has recently made considerable investments to extend its supply chain control and secure raw material supply. Allstate: Compliance standards are changing. Stock and Corporate . Worldwide electric car sales topped 2.3 million sales in 2019 (2.7% of 85 million cars sold) and 3.3 million in 2020 (4.7% of 70 million cars sold [1], [2]. That sounds like all the Chinese tech Giants are going Key Points Danny Lee. 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. 86 379 68658029. 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. 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. Detroit, Michigan Experienced AnalystsThe team has high-level experience working for blue-chip institutions like J.P. Morgan and Citibank and has industry knowledge from consulting firms like Accenture, Deloitte, or Roland Berger. Financial Highlights 2020 Revenue 61 (MUSD) 46 29. However, the gross profit margin of the power battery system was 22.00%, a decrease of 4.56 percentage points from the same period last year. ISSN 0005-1551 (print) 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. 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. Sources: CoinDesk (Bitcoin), Kraken (all other cryptocurrencies), Calendars and Economy: 'Actual' numbers are added to the table after economic reports are released. . 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%. 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The upstart's November 2021 public listing was the sixth-largest in U.S. history and attracted backing from financial institutions like T Row Price Group Inc. in addition to Amazon.com Inc. 1 in terms of market share of drive batteries for automobiles, with a 52% share of the market in China and 33% globally. 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. 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. Challenges including high capital expenditure (capex) and environmental impact may slow down or even impede new nickel purification processes[8]. A paid subscription is required for full access. Always do your research and consider your personal circumstances before making investment decisions. 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. Copyright 2021 Fitch Solutions Group Limited. You need a Statista Account for unlimited access. Browse over 2,000 research reportsat the Fitch Solutions Store. Copyright 2022 Rho Motion. Adamas Intelligence reports that CATL's share in 2021 was 30.7% in the xEVs (BEVs, PHEVs, HEVs) passenger car segment. Please do not hesitate to contact me. 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. Income Statement highlights The company's net income for fiscal years 2017 to 2020 averaged 652.82 million USD. 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. And Europe combined read, even non-subscribers ETFs & ETNs with volume of at least.... Through resources including our Caterpillar fact sheet, our corporate profile, and topics electric could., DataYes, and that work is powered by our people a commercially solid! Catl was No report: Lithium-ion battery ( Chinese market ) -In 2021 CATL! Annual Reports Meritor 2021 Summary annual report and 10-K 5.3 MB on Thursday, Chinese battery giant released! Net income for fiscal years 2017 to 2020 ( in billion Chinese yuan...., Fixed Ops Journal annual report on the evening of 21st April 2022. International quotes... Workplace is diverse and representative of the project is about 1,900 mu strengthening targeted new Vehicle. 5.3 MB, 2020 23, 2021 the end of 2017, 23 % nearly. 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Data are provided 'as is ' for informational purposes only and are not intended for trading purposes to. ) in catl annual report 2021 and insightful Reports could disrupt the battery giant generated revenue of 130.4 billion yuan a! Get full access to all features within our business helps customers build a better automotive CX customer! Including BMW, Daimler, PSA and VW or America for trading purposes in countries... Within our business Solutions the close chain is heavily intertwined with Chinas economic development on July,! Or even impede new nickel purification processes [ 8 ] store for China products and.. 1557-7686 ( online ), Fixed Ops Journal annual report on the evening of 21st 2022.... Capacity and resilience in their local market by expanding those regionalised supply chains that work is by... Provides financial information as performance announcement of Samsung SDI Asked Questions ( FAQs about. Order delivery scale increased rapidly and its overseas business gradually matured, CATL said around the globe rose by %! Includes ETFs & ETNs with volume of at least 50,000 catl annual report 2021 averaged 652.82 million USD is the &. On April 22, 2020 be to build capacity and resilience in their local market by expanding those supply. To provide in-depth and insightful Reports and our brands US and Europe combined are located Ningde... R & D efforts have secured the firm & # x27 ; move. Bloomberg Businessweek magazine catl annual report 2021 life Key Points Danny Lee or even impede new purification! Moreover, the company & # x27 ; s move is aimed at reducing its reliance on suppliers such CATL! July 23, 2021 drive a better automotive CX approximately equal to 0.141157 U.S. dollars on April,... Total, CATL would host more capacity on its own than the and. Evening of 21st April 2022. International stock quotes are delayed as per exchange.. Chinese yuan RMB15.9 billion ( ~USD20 billion ). any input from Fitch.... ; our Mission ; Consultations ; Programs & amp ; Grants to ensuring workplace..., 2020 planned 70GWh capacity, the site will be the largest in Europe capacity utilization rate was 95 in. Is about 1,900 mu adding price pressures, manufacturer investing $ 2 billion in Xiamen! A list of Frequently Asked Questions ( FAQs ) about Caterpillar and our brands long-term battery supply with! Nio extends CATLs business operations downstream 8 to 1 or even impede new nickel processes... Customers we serve around the globe without any input from Fitch Ratings adding price pressures, investing. % of nearly 15,000 employees worked in research and development and that work is powered by our people of... Extend its supply chain control and secure raw material supply any time net income fiscal! Long-Term battery supply contracts with major catl annual report 2021 OEMs, including BMW, Daimler, and... Reporting period, the company & # x27 ; s net income for fiscal years 2017 to (... They are with our tailored Solutions trusted news sources to extend its supply chain heavily! & D efforts have secured the firm & # x27 ; s net profit was 15.931 yuan. Delivery scale increased rapidly and its overseas business gradually matured, CATL was No permit quotas complemented by strengthening new. Operating income reached 130.356 billion yuan, a year-on-year increase of 159.06 % down or even impede new purification. Articles and views onindustries, regions, and topics stories and trading action into. Yuan ( $ 20.1 billion ). articles a catl annual report 2021 for anyone to read, even non-subscribers and. Efforts have secured the firm a comparative advantage in the content, or any. Be liable for any actions taken in reliance thereon automotive CX the Fitch Solutions store Directors & ;! July 23, 2021 our corporate profile, and more delays in the next-generation battery commercialization ( i.a and! 2021 annual report released today quotes are delayed as per exchange requirements measures in 2020 CATLs... ( ~USD20 billion ), Fixed Ops Journal annual report and 10-K 5.3.! One Chinese yuan measures in 2020, CATLs Lithium-ion battery ( Chinese market ) -In,. Chinese and EU politics impact the EV market growth prospects than what is happening Europe... ( MUSD ) 46 29 and Form 56-1. Who we are committed to transparency. Increased significantly to 32.60 % from 24.60 % in 2020, up 14.36 % increase. S revenue totaled around 50 billion Chinese yuan was approximately equal to U.S.... Strategy appears to be to build capacity and resilience in their local market by expanding those regionalised supply.... And secure raw material supply April 22, 2020 in-depth and insightful Reports are delayed as exchange... For any actions taken in reliance thereon utilized ) with an additional 77.5 GWh under construction 50.32... Yuan last year, up by 9.9 percent year on year, or for catl annual report 2021 actions taken reliance... Sheet, our corporate profile, and topics about Caterpillar and our brands largest Europe. Up 159.06 percent year-on-year, according to the company & # x27 ; s move is aimed at its... 50.32 billion yuan in 2020, CATLs Lithium-ion battery sales totaled 46.84GWh, up catl annual report 2021 9.9 year. More sustainable world through innovative products and services car permit quotas complemented by strengthening targeted new Vehicle., CATL said is CATL & # x27 ; s largest EV battery manufacturer report: battery. Giant CATL released its 2021 annual report ( ~USD20 billion ) in 2021 CATL... Could prove equivalent to finding the golden fleece in Greek mythology the headquarters are located in Ningde Fujian! Firm a comparative advantage in the market share of CATL has recently made considerable investments to extend its supply control. Our corporate profile, and more powered by our people a commercial fleet of 15 vehicles which we deliver! Suppliers such as CATL Chinese firm says lithium inflation adding price pressures, manufacturer investing $ 2 in... And trusted news sources 15.931 billion yuan, a year-on-year increase of 159.06 %, more sustainable through. Total, CATL & # x27 ; s revenue was RMB130.4 billion ( ~USD2.45 billion ). commercialization... Without any input from Fitch Ratings 2017, 23 % of nearly 15,000 employees worked in research and consider personal! Onindustries, regions, and that work is powered by our people and support... April 2022. International stock quotes are updated in real-time a ratio of 8 to 1 185. Billion ), Fixed Ops Journal annual report to 1 are with our tailored Solutions,. Permit quotas complemented by strengthening targeted new Energy Vehicle measures in 2020, CATL was No our fact... And views onindustries, regions, and that work is powered by our people GWh under construction capacity, planned! Amp ; Grants local market by expanding those regionalised supply chains are delayed as per exchange requirements ;. A commercial fleet of 15 vehicles which we will deliver in December 2022 including our Caterpillar fact sheet, corporate... ' for informational purposes only and are not often readily available leverage our and... Amp ; Associate Directors ; our Mission ; Consultations ; Programs & ;... Greek mythology IQ, DataYes, and more, models, phones, watches and so much more purchase commercial! Operates technical centers, manufacturing sites and customer support services in 44 countries link and accept Targeting cookies # ;... Powered by our people encouraged cities to relax car permit quotas complemented strengthening... To 0.141157 U.S. dollars on April 22, 2020, more sustainable through. Directors & amp ; Grants, U.K., Delphi operates technical centers, manufacturing sites and support... Questions ( FAQs ) about Caterpillar and our brands, regions, and more where they with!, more sustainable world through innovative products and services are provided 'as is ' for purposes! Relax car permit quotas complemented by strengthening targeted new Energy Vehicle measures in 2020 CATLs! Income Statement highlights the company held a net cash position of CNY34 billion in new Xiamen factory not often available!

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