30 North Colonnade, London E14 5GN, UK. In 2021, CATL's lithium-ion battery sales were 133.41 GWh, up 184.82 percent year-on-year, with power battery system sales of 116.71 GWh, up 162.56 percent year-on-year. This means that based on current projections, CATL would host more capacity on its own than the US and Europe combined. Fitch Solutions Group Limited All rights reserved. Caterpillar Reports Fourth-Quarter and Full-Year 2021 Results Fourth-quarter 2021 sales and revenues up 23%; full-year sales and revenues up 22% Fourth-quarter 2021 profit per share of $3.91; adjusted profit per share of $2.69 2021 profit per share of $11.83; adjusted profit per share of $10.81 Get full access to all features within our Business Solutions. For more information, see ourPrivacy Policy. In, Website (Gasgoo China Automotive News). Your download link will be emailed to you shortly. CATLs revenue was RMB130.4 billion (~USD20 billion), a 159% y-o-y increase from 2020. Cat hats, boots, shoes, bags, models, phones, watches and so much more. The sales numbers will portray a steady % growth increase over the next years until market saturation effects take effect from 2028 onwards that moderate the year-to-year growth rate increase. Learn more about Caterpillars strategy for long-term profitable growth while striving to meet strong customer demand. Contemporary Amperex Technology Co. Ltd., the world's biggest maker of electric-vehicle batteries, reported better-than-expected full-year profit and announced plans to spend 13 . 11,30% is a very respectable ROE for the industry. Shareholders' Meeting. North Yihe, Huamei Shan Road, Luanchuan, Luoyang City, Henan Province, China. 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%. Source: FactSet. 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. 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. CATL has 170GWh capacity in operation and 140GWh capacity under construction as of 31st December 2021. 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. Highlights from a week-long virtual event bringing Bloomberg Businessweek magazine to life. Also, CATL has significantly improved bargaining power over downstream players since 2018. This indicates that CATL has had steady growth over the last years and this growth has remained steady throughout Q1 2021. Our latest articles and views onindustries, regions, and topics. NIO's move is aimed at reducing its reliance on suppliers such as CATL . Date Filing Type Filing Description Download / View. In the US, the recently announced USD1.0trn infrastructure bill solidifies our view that the proliferation of charging infrastructure and purchase incentives will drive exponential growth in US EV sales over our forecast period (2021-2020). Keith Bradsher/The New York. 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. Statista. 1155 Gratiot Avenue 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]. CATL is the world's largest EV battery manufacturer. articles a month for anyone to read, even non-subscribers! 300750.CN | Contemporary Amperex Technology Co. Ltd. statistic alerts) please log in with your personal account. (2021). What Is CATLs Existing Capacity Outlook? For context, we estimate the combined capacity in the US and Europe (announced, planned and in operation) at 1021 GWh. Our business helps customers build a better, more sustainable world through innovative products and services. Fundamental company data and analyst estimates provided by FactSet. Visit website. 2020. In 2021 the EV sales growth rate is being hampered by the consequences of the Corona pandemic. Website (Gasgoo China Automotive News). Copyright 2022 Rho Motion. But one has to put the insourcing ambitions of original equipment manufacturers into perspective. 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. 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. 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. Automotive manufacturers could insource battery cell production. 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. 2019. He has been reporting since 2009, mainly on macroeconomics and capital markets. According to the company, in 2021, its market penetration rate in the fields of new energy vehicles and . 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. Yes, I'd like to receive email communications on editorial features, special offers, research and events and webinars from Automotive News. Supply chain bottlenecks in Nickel and Cobalt have already made it increasingly difficult to hold up with demand. The net profit rose by 185% y-o-y to RMB15.9 billion (~USD2.45 billion). Diversity & Inclusion Caterpillar is committed to ensuring our workplace is diverse and representative of the many customers we serve around the globe. Have an opinion about this story? Statement of Changes in Beneficial Ownership. 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. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. Battery stocks are set to charge as a supply shortage of electric car batteries is imminent. How Will CATL Mobilise Resources To Capitalise On The Elevated Demand Outlook In The US & Europe? In Indonesia, CATL is planning to invest over USD5.0bn in the exploration of lithium and nickel projects. View SEDAR filings. Sales of power battery systems are the company's main source of revenue, contributing RMB 91.49 billion last year, up 132.06 percent year-on-year. To use individual functions (e.g., mark statistics as favourites, set Sources: FactSet, Tullett Prebon, Commodities & Futures: Futures prices are delayed at least 10 minutes as per exchange requirements. [5] Currently, you are using a shared account. Tesla, Ford and VW have plans to manufacture their own batteries for electric vehicles. Apple is talking about building advanced battery production factories in the USA in the process of onshoring supply chains. Facebook: quarterly number of MAU (monthly active users) worldwide 2008-2022, Quarterly smartphone market share worldwide by vendor 2009-2022, Number of apps available in leading app stores Q3 2022, Profit from additional features with an Employee Account. 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. 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. What does the future have in store for China? While the move upstream will undoubtedly create a new set of political, economic and operational risks for CATL, we expect the vertical integration of upstream activity through equity interests, partnership and joint ventures to remain integral to the overall strategy of the firm over our forecast period (2021-2020), as this represents the best option for securing access to those critical materials at competitive prices. CATL is the fastest-growing provider of EV batteries worldwide. 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%. Delphi Automotive PLC is a high-technology company that integrates safer, greener and more connected solutions for the automotive sector. Specifics on cathode chemistry are not often readily available. CATL has recently made considerable investments to extend its supply chain control and secure raw material supply. We expect CATL to continue to invest in production sites and integrating elements of the local supply chains in Europe. 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. View our current and historical quarterly and annual reports, annual information form, and management proxy circular. 2020. According to CATL's H1 2021 financial announcement: - Revenue rose by 134.1%, reaching CNY 44.1 billion. Website (Gasgoo China Automotive News). Annual report 2020. The electric vehicle battery market is moderately fragmented. The gross profit for EV battery, energy storage battery, and battery material are 22%, 28.5%, and 25.1%, respectively. With a planned 70GWh capacity, the site will be the largest in Europe. 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). CATLs improving bargaining power drives up the leverage ratio, boosting ROE. 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. Haig Partners: Dealership consolidation trends, Haig Partners: Dealership valuation trends, Haig Partners: Dealership succession planning, Ally: Navigating the future of automotive retailing, Google: How a century-old brand is transforming the auto industry. 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