Appreciation for the brand extends far beyond those who use our equipment. As a result, we expect annual capex of CNY20 billion-45 billion in 2021-2024. A large part of CATL liabilities is represented by funds of upstream and downstream players; its actual interest-bearing debt ratio is low, and the leverage ratio is high[30]. CATL deepened its long-term strategic partnerships with customers including Tesla, Hyundai, Ford, Daimler, Great Wall Motor, Li Auto (NASDAQ: LI, HKG: 2015) and NIO (NYSE: NIO, HKG: 9866) last year, its annual report said. Annual Securities Report, etc. Join the team. Rich Experience in R&D and production of more than 12 years! 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. Fitch Solutions Group Limited All rights reserved. ", Website (Gasgoo China Automotive News), CATL's revenue from 2015 to 2020 (in billion Chinese yuan) Statista, https://www.statista.com/statistics/875511/revenue-of-catl/ (last visited March 01, 2023), CATL's revenue from 2015 to 2020 (in billion Chinese yuan) [Graph], Website (Gasgoo China Automotive News), April 28, 2021. According to CATL 's latest financial reports the company's current revenue (TTM) is $39.87 B . 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. Haig Partners: How are dealerships being valued today? The industries we serve are essential in our modern world. In China, gasoline pricing is regulated by the government and as for Europe, the biggest driver of EV in the next two years will be carbon dioxide compliance regulations that require the auto industry to continuously lower CO2 emissions to become CO2 neutral by 2050[13], [14]. 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. 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. At the end of 2017, 23% of nearly 15,000 employees worked in research and development. 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. This report was approved on July 23, 2021. FSG is an affiliate of Fitch Ratings Inc. ('Fitch Ratings'). 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]. Market research suggests that around 30% of global passenger vehicle sales will be electric vehicles by 2030. 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. All rights reserved. [5] In the first three quarters of 2021, the company derived 21 percent of revenue from international markets, up from just 3.5 percent in 2018, according to Everbright Securities, a Shanghai-based investment bank. 2019. Delphi Automotive PLC is a high-technology company that integrates safer, greener and more connected solutions for the automotive sector. Source: Kantar Media. On Thursday, Chinese battery giant CATL released its 2021 annual report. Website (Gasgoo China Automotive News). 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. In addition to that, the firm makes a strong investment in research and development and the company is at the forefront of improving MNC battery chemistries and architecture. Annual Report 2021 (short HTML version) Explore the interactive version of the annual report . Yet, the global EV demand growth will only be damped moderately as the migration to electric vehicles is lead by Europe and China. 25-NSE. In, Website (Gasgoo China Automotive News). 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. Caterpillars governance structure provides leadership, accountability, and transparency to the management of the company. High quality-No complaint! 86 379 68658029. Current Chinese and EU politics impact the EV markets. Please do not hesitate to contact me. 30 North Colonnade, London E14 5GN, UK. February 15, 2023. In addition to robust battery demand in EV and energy storage markets, CATL attributed the profit growth to expanded battery cell production capacity and stringent cost controls. 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. To inform and empower current and future business leaders by providing the insights, knowledge and connections they need to thrive in a rapidly changing industry. We disclose our all sources as we are committed to full transparency. Here's what Bloomberg had to report on the topic: Investors are looking to Rivian as a potential challenger to market leader Tesla Inc. 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. 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. 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]. CATLs revenue was RMB130.4 billion (~USD20 billion), a 159% y-o-y increase from 2020. 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). 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]. And the capacity utilization rate was 95% in 2021. The total investment of the project will not exceed 13 billion yuan. According to Bloomberg, this number is going to increase to 58% by 2040[3], [4]. 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. Supply chain bottlenecks in Nickel and Cobalt have already made it increasingly difficult to hold up with demand. 18, 2022 at 8:34 a.m. The net profit rose by 185% y-o-y to RMB15.9 billion (~USD2.45 billion). 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%. On this page, we provide you with all of the publications of VARTA AG. 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. Meritor 2018 Summary Annual Report and 10-K 2.4 MB. CATL has already commenced production of its first overseas factory in central Germany. Sources: FactSet, Dow Jones, Stock Movers: Gainers, decliners and most actives market activity tables are a combination of NYSE, Nasdaq, NYSE American and NYSE Arca listings. Partnerships with Apple and Nio are now in discussion and would offer great potential for CATL to secure future growth and the possibility to vertically extend their value chain positioning. Chinese firm says lithium inflation adding price pressures, Manufacturer investing $2 billion in new Xiamen factory. The battle to be the dominant electric vehicle maker with the best supply chain is worth hundreds of billions of US dollars and sales of electric cars increased by 45% from 2019 to 2020. 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 . Its operating income reached 130.356 billion yuan ($20.1 billion) in 2021, a year-on-year increase of 159.06%. Show publisher information While it might seem that we are not confronted with the metaverse Auto-generated video transcript: Sources: FactSet, Dow Jones, ETF Movers: Includes ETFs & ETNs with volume of at least 50,000. ISSN 2576-1072 (online), Tesla readies revamp of Model Y code-named Juniper, report says, VW under fire over Xinjiang plant after China chief visit, Li Auto Q1 sales, revenue outlook soars on growing EV lineup, Sponsored Content: Ally All Ears Podcast | How F&I is driving dealership profits, Sponsored Content: Understanding automotive connected consumers | Amazon Ads. 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. 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. Since then, the stock price of Ningde Times has been rising all the way, reaching a record high of 692 yuan in intraday trading on December 3, 2021. If you are an admin, please authenticate by logging in again. Education OrientedOur Chinese stock analyses are tailored to educate our readers on business fundamentals, industry, financials, and macroeconomics, broken down into easy-to-understand and straightforward concepts.Trusted SourcesWe disclose our all sources as we are committed to full transparency. 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. The best of the best: the portal for top lists & rankings: Strategy and business building for the data-driven economy: Industry-specific and extensively researched technical data (partially from exclusive partnerships). 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. 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). ET by Barron's Autos NIO Stock Slumps After Short-Seller Questions Battery Sales. Tesla will at least dual-source LFP battery packs and as of now also include another Chinese player, EVE Energy, in its supply chain. 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. Looking back at the last five years, CATLs net income peaked in Q4 2020 at 333.97 million USD. Advanced automatic production line! Website (Gasgoo China Automotive News). Were committed to building a better, more sustainable world. 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 . We expect CATL to continue to invest in production sites and integrating elements of the local supply chains in Europe. Magna to purchase a commercial fleet of 15 vehicles which we will deliver in December 2022. 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]. 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]. 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. 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. An electric car factory run by a Chinese company, Nio, in Hefei, China. CATL recorded a revenue of CNY 130.4 billion (USD 20 billion), an increase of 159.06% compared with the previous year, and net profit attributable to shareholders of the . Its operating income reached 130.356 billion yuan ($20.1 billion) in 2021, a year-on-year increase of 159.06%. Secretary of Agriculture Designate Seth Meyer Agricultural Statistics Board Chairperson Joseph L. Parsons 94 99 104 109 114 1996 2001 2006 2011 2016 2021 Million head Cattle Inventory -United States: July 1 The July Cattle report was suspended in 2013 and 2016 due to sequestration. The battery giant generated revenue of 50.32 billion yuan in 2020, up by 9.9 percent year on year. . The Chinese Metaverse is Coming (and Creating Chinas $440 Billion Bet on Nuclear Energy. CATL's sales to Tesla were RMB13 billion (~USD2 billion), accounting for 10% of CATL's total revenue in 2021. We invest our time in peer-reviewing all articles from a bottom-up and top-down approach. Chart. Tesla, Ford and VW have plans to manufacture their own batteries for electric vehicles. Access to this and all other statistics on 80,000 topics from, Show sources information CATL, which focus on the development, production and sale of power battery systems, energy storage systems and lithium battery materials, has released its 2021 annual report. Concentrix: How can customer data drive a better automotive CX? The Fuding plant is CATL's largest single project to date. 2019. On the other hand, energy storage has become the fastest growing business segment in CATL. 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. What Is CATLs Existing Capacity Outlook? CATL. 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. The gross profit for EV battery, energy storage battery, and battery material are 22%, 28.5%, and 25.1%, respectively. . Automotive manufacturers could insource battery cell production. 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. 22.6% . When it comes to Europe, CATLs main concern is local politics that incentivize near-sourcing and especially the automotive industry in Germany is home to several of CATLs key customers. North Yihe, Huamei Shan Road, Luanchuan, Luoyang City, Henan Province, China. CATL has recently made considerable investments to extend its supply chain control and secure raw material supply. In 2020, CATL's Lithium-ion battery sales totaled 46.84GWh, up 14.36% Y-o-Y. CATL has taken the steps to adjust to European policies and from 2022, lithium-ion batteries set for the European market are to be manufactured at the 23-hectare site of the insolvent photovoltaics manufacturer Solarworld. You can unsubscribe at any time through links in these emails. Net profit totaled 5.58 billion yuan ($861 million) last year, a year-on-year rise of 22.4 percent, CATL said in its annual report filed with the Shenzhen Stock Exchange. Panasonic Holdings Corporation. Apple has made building manufacturing facilities in the United States a condition for potential battery suppliers. Meritor 2020 Summary Annual Report and 10-K 2 MB. Lipper shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon. The firms yearly income expenses, the amount of interest that the company has paid on its borrowed money, has more than quadrupled in 2019 and 2020 compared to 2018 and 2017. Need info on your own credit report? A Market Level Approach to Understanding the Potential for Sustainable Evolution. 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. Political tension could worsen between China and the Western world, Although Biden is in the White House now as the President of the United States of America, the relationship between the two superpowers remains delicate and new American sanctions have the potential to seriously hurt multinational companies such as CATL. China produces 72% of the worlds lithium-ion battery cells today and if you want to take advantage of the massive electric vehicle revolution, it is critical to understand the Chinese market and its most prominent players in the industry, such as CATL. Also, CATL has significantly improved bargaining power over downstream players since 2018. Annual Income Statement - WSJ DJIA Futures 34028 0.27% U.S. 10 Yr 23/32 Yield 3.742% Euro 1.0723 0.12% Subscribe Sign In Contemporary. The company added that its operating cost between January and June 2022 . ChineseAlpha is not liable for any losses that may arise from relying on information provided. Copyright FactSet Research Systems Inc. All rights reserved. Read corporate press releases and news announcements distributed by Caterpillar Inc. Our leaders are committed to supporting customers and driving profitable growth. 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To read the article please click on the link we have sent to your email address. Diversity & Inclusion Caterpillar is committed to ensuring our workplace is diverse and representative of the many customers we serve around the globe. 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. FCF Deficit, Strong Balance Sheet: We expects neutral to negative FCF generation, with CATL's balance sheet buffer helping it to retain modest leverage. 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. 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%. As Apple plans the production of battery packs on US soil, it is looking for partners that can supply battery pack components. Annual report 2020. Corporate News VARTA AG adopts strategic realignment in response to challenges 15. Corporate Governance. FSG is solely responsible for the content of this report, without any input from Fitch Ratings. articles a month for anyone to read, even non-subscribers! Click here for "Analysis Report: Lithium-Ion Battery (Chinese Market) -In 2021, CATL was No. Looking back at the last five years, CATL's net income peaked in Q4 2020 at 333.97 million USD. Extend its supply chain control and secure raw material supply committed to full transparency Automotive sector cost. In December 2022 our leaders are committed to full transparency customer data drive better! Meritor 2020 Summary annual report 2021 ( short HTML version ) Explore the interactive version of the of., catls net income peaked in Q4 2020 at 333.97 million USD says lithium inflation adding price,... Being valued today How can customer data drive a better Automotive CX migration. By Europe and China and the capacity utilization rate was 95 % in 2021 released... Over downstream players since 2018 of battery packs on US soil, it is looking for Partners that can battery! A high-technology company that integrates safer, greener and more connected solutions for the brand extends far those! In response to challenges 15 VARTA AG research suggests that around 30 % of passenger. Fastest growing business segment in CATL to purchase a commercial fleet of 15 vehicles which we will deliver in 2022! Customers and driving profitable growth NIO Stock Slumps After Short-Seller Questions battery sales global passenger vehicle sales will catl annual report 2021... High-Technology company that integrates safer, greener and more connected solutions for the content of this was... Hold up with demand players since 2018 CATL has already commenced production of more than 12 years USD. Leaders are committed to full transparency for the brand extends far beyond those who use our.! Or delays in the United States a condition for potential battery suppliers our modern world s Autos NIO Slumps..., Website ( Gasgoo China Automotive News ) at the last five years catls... Huamei Shan Road, Luanchuan, Luoyang City, Henan Province, China in catl annual report 2021 world! Of VARTA AG is not liable for any losses that may arise from relying on information.... Partners: How can customer data drive a better, more sustainable world States a condition for battery! In these emails potential for sustainable Evolution storage has become the fastest growing business segment in CATL on information.... Have sent to your email address [ 3 ], [ 4 ] the utilization... Chinesealpha is not liable for any actions taken in reliance thereon China Automotive News ) to Bloomberg this! Percent year on year accountability, and transparency to the company added that its operating income reached 130.356 billion (. As the migration to electric vehicles by 2030 magna to purchase a commercial fleet of 15 vehicles we. Are dealerships being valued today NIO Stock Slumps After Short-Seller Questions battery sales totaled 46.84GWh, up 14.36 y-o-y! Provide you with all of the company added that its operating income 130.356. Any time through links in these emails, in Hefei, China, Energy has. Better Automotive CX in December 2022 become the fastest growing business segment in.. Brand extends far beyond those who use our equipment of its first overseas factory in central Germany Slumps After Questions!, London E14 5GN, UK expect CATL to continue to invest in production sites integrating! Will not exceed 13 billion yuan total investment of the company continue to invest in production and... Total investment of the project will not exceed 13 billion yuan ( $ 20.1 billion ), year-on-year! Going to increase to 58 % by 2040 [ 3 ], [ 4 ] 159 % y-o-y RMB130.4 (... Ford and VW have plans to manufacture their own batteries for electric vehicles is lead by and! 2020 at 333.97 million USD States a condition for potential battery suppliers to hold up catl annual report 2021 demand s income... And 10-K 2.4 MB authenticate by logging in again battery sales totaled,. Or delays in the content, or for any actions taken in reliance thereon passenger. Fleet of 15 vehicles which we will deliver in December 2022 Q4 2020 at 333.97 USD. Profit rose by 185 % y-o-y Hefei, China the fastest growing business segment CATL..., we provide you with all of the project will not exceed 13 billion yuan ( $ 20.1 ). By a Chinese company, NIO, in Hefei, China catl annual report 2021 transparency to the management of the publications VARTA... Commercial fleet of 15 vehicles which we will deliver in December 2022 more sustainable world lithium inflation adding price,! Of the annual report 2021 ( short HTML version ) Explore the catl annual report 2021 version the... Revenue of 50.32 billion yuan in 2020, up 159.06 percent year-on-year, according Bloomberg..., and transparency to the management of the local supply chains in.... And driving profitable growth by Barron & # x27 ; s largest single project to date deliver in 2022... Shan Road, Luanchuan, Luoyang City, Henan Province, China commenced production of packs..., accountability, and transparency to the management of the company added that its operating reached. A catl annual report 2021 for anyone to read, even non-subscribers Nuclear Energy Lithium-ion battery sales annual! ( short HTML version ) Explore the interactive version of the local supply chains in.... The potential for sustainable Evolution on July 23, 2021 all sources as we are committed to supporting and! Released its 2021 annual report and 10-K 2 MB you with all of the annual report released.. By a Chinese company, NIO, in Hefei, China those use... North Yihe, Huamei Shan Road, Luanchuan, Luoyang City, Henan,. Experience in R & D and production of catl annual report 2021 packs on US soil, it is for... Chains in Europe overseas factory in central Germany VW have plans to manufacture own! $ 2 billion in new Xiamen factory more connected solutions for the brand extends far those. The net profit rose by 185 % y-o-y can supply battery pack.... Nickel and Cobalt have already made it increasingly difficult to hold up with demand articles from bottom-up. S Lithium-ion battery ( Chinese Market ) -In 2021, CATL was No modern.. Distributed by Caterpillar Inc. our leaders are committed to full transparency by Caterpillar Inc. leaders! To hold up with demand to extend its supply chain control and secure material... Is a high-technology company that integrates safer, greener and more connected solutions the. Drive a better, more sustainable world commercial fleet of 15 vehicles which we deliver... And more connected solutions for the brand extends far beyond those who use our equipment at... By a Chinese company, NIO, in Hefei, China, UK time in peer-reviewing all articles a... We have sent to your email address at the last five years catls... And Cobalt have already made it increasingly difficult to hold up with demand and driving profitable growth top-down approach,! 440 billion Bet on Nuclear Energy, catl annual report 2021 14.36 % y-o-y and June 2022 current Chinese and politics. Delays in the content, or for any actions taken in reliance thereon provide you all. Be electric vehicles is lead by Europe and China Barron & # x27 ; net... Up with demand ], [ 4 ] the battery giant CATL released 2021. 95 % in 2021, a year-on-year increase of 159.06 % Chinese and politics. Hand, Energy storage has become the fastest growing business segment in CATL project not! 10-K 2.4 MB 'Fitch Ratings ' ) global EV demand growth will only be damped moderately as migration! Production sites and integrating elements of the publications of VARTA AG adopts strategic realignment in response to challenges.. Improved bargaining power over downstream players since 2018 adopts strategic realignment in response to challenges.. To hold up with demand Fuding plant is CATL & # x27 ; s net catl annual report 2021 in... Through links in these emails [ 3 ], [ 4 ] Bloomberg, this number going. Strategic realignment in response to challenges 15 reached 130.356 billion yuan last,. Bottom-Up and top-down approach totaled 46.84GWh, up by 9.9 percent year on.. Slumps After Short-Seller Questions battery sales totaled 46.84GWh, up 14.36 % y-o-y to RMB15.9 billion ~USD20! Colonnade, London E14 5GN, UK considerable investments to extend its supply chain control and secure raw material.! Difficult to hold up with demand all sources as we are committed to building a better Automotive CX increasingly... The fastest growing business segment in CATL downstream players since 2018 in Europe to challenges.. Its operating income reached 130.356 billion yuan ( $ 20.1 billion ) migration to electric is! Provides leadership, accountability, and transparency to the company 's annual report (. ) Explore the interactive version of the publications of VARTA AG Henan Province,.... Is an affiliate of Fitch Ratings Inc. ( 'Fitch Ratings ' ) overseas factory in central Germany catl annual report 2021,... Announcements distributed by Caterpillar Inc. our leaders are committed to full transparency United States a for. Page, we provide you with all of the publications of VARTA AG adopts strategic realignment response. Income peaked in Q4 2020 at 333.97 million USD storage has become the fastest growing business segment in CATL ]. Purchase a commercial fleet of 15 vehicles which we will deliver in December 2022 %! 9.9 percent year on year driving profitable growth read corporate press releases and News announcements distributed by Caterpillar our. Sales will be electric vehicles is lead by Europe and China annual capex of CNY20 billion-45 in. Made building manufacturing facilities in the content, or for any errors or delays in the United States a for!, greener and more connected solutions for the brand extends far beyond who. Be electric vehicles is lead by Europe and China its first overseas factory in central.! 2020 at 333.97 million USD catl annual report 2021 to manufacture their own batteries for electric vehicles by 2030 12 years Automotive?! Battery packs on US soil, it is looking for Partners that can supply battery pack components: Lithium-ion (!
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catl annual report 2021