Diversity & Inclusion Caterpillar is committed to ensuring our workplace is diverse and representative of the many customers we serve around the globe. Also with regards to Tesla, there is a silver lining for CATL and other battery manufacturers. - The company's main products include power battery systems, energy storage systems and lithium battery materials. CATL has 170GWh capacity in operation and 140GWh capacity under construction as of 31st December 2021. Cryptocurrencies: Cryptocurrency quotes are updated in real-time. CSI/CATL's lithium battery packs power over 330,000 commercial electric vehicles. In China, policymakers were early to identify the auto market as a primary target for economic stimulus. CATLs battery pack prices continue to fall, albeit at a slower pace as in the preceding years. Our team offers customer-focused services and technology. 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Automotive manufacturers could insource battery cell production. In addition, CATL expects net profit from the fourth quarter of 2021 to fall between 6.249 billion yuan and 8.749 billion yuan, almost equalling the 7.751 billion yuan in profits garnered during the first three quarters of the year combined. ISSN 2576-1064 (print) Annual Report 2021 (short HTML version) Explore the interactive version of the annual report . ", To watch videos, click on the Cookie Settings link and accept Targeting cookies. CATLs cash flow can cover capex; cash on hand continues rising[32]. Concentrix: How can customer data drive a better automotive CX? Source: Kantar Media. 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. Annual report 2020. 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. November 2022 PDF (157.66 KB) 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). (April 28, 2021). 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. Carol Massar and Tim Stenovec host a look back at the best interviews, discussions and more. There are big jobs to be done worldwide, and that work is powered by our people. 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. Learn more about how Statista can support your business. 2018. Use Ask Statista Research Service. Specifics on cathode chemistry are not often readily available. How Will CATL Mobilise Resources To Capitalise On The Elevated Demand Outlook In The US & Europe? Provides financial information as performance announcement of Samsung SDI. On the other hand, energy storage has become the fastest growing business segment in CATL. This year's Annual Report is published in a series of two parts to provide up-to-date information. Moreover, the company reports a yield of just 51.7%, emphasizing the need to maintain a high capacity-to-sales ratio going forward. 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. 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]. Explore knowledge that cuts throughthe noise, with award-winning data,research, and tools. CATL , the world's largest electric vehicle (EV) battery manufacturer, reported a 23.6% drop in the first quarter profit on Friday, its first fall in two years, as it battles soaring raw material . 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%. 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. According to CATL's H1 2021 financial announcement: - Revenue rose by 134.1%, reaching CNY 44.1 billion. CATL's revenue from 2015 to 2020 (in billion Chinese yuan) [Graph]. Download 2021 Annual Report Download PDF Sustainability We're committed to building a better, more sustainable world. We highlighted the trend of regionalising supply chains in 2020, and expect CATLs strategy for its key market (China) to follow this trend, integrating as much regional upstream activity as possible. We invest our time in peer-reviewing all articles from a bottom-up and top-down approach. cmoc_group. The advent of solid-state batteries would cut the recharging time for electric vehicles by two-thirds to circa 10 minutes and would extend the driving distance of a compact electric vehicle while maintaining legroom[15], [16]. Source: FactSet, Indexes: Index quotes may be real-time or delayed as per exchange requirements; refer to time stamps for information on any delays. To use individual functions (e.g., mark statistics as favourites, set CATLs improving bargaining power drives up the leverage ratio, boosting ROE. Expert analysis of opportunities and risks across emerging and frontier markets. 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. In August 2021, reports emerged that CATL is considering acquiring a minority stake in the Chinese miner. Solera | DealerSocket: Four real-time integrations that can save your dealership time, Solera | DealerSocket: Time for a new pre-owned pricing tactic, Kerrigan Advisors: Blue Sky Update Q4 2021, Qualcomm: Trading multi-year design cycles for on-demand features and experiences, Twitter: EV adoption is happeningin an unexpected place. 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). 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. CATL Annual Report, 2020-2021; CATL Annual Report, 2019-2020; CATL Annual Report, 2018-2019; CATL Annual Report, 2017-2018; CATL Annual Report, 2016-2017; Center for the Advancement of Teaching & Learning; About Us. Consumer demand remains strong. 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. This represents an increase of almost 11 percent compared with the previous year. https://www.electrive.com/wp-content/uploads/2018/01/catl-battery-cells-iaa-2017-peter-schwierz.png, Can Sustainability be Spearheaded through the Chinese PV Industry? Over 26 months, the planned land area of the project is about 1,900 mu. CATLs gamble on Chinese policies has paid out until now and this support will continue for Chinas number 1 battery manufacturer. In 2020, despite the COVID-19 epidemic, CATL still achieved above industry average operating revenue and net profit. 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 With a planned 70GWh capacity, the site will be the largest in Europe. 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. 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]. 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