Visit website. Nickel prices have rallied over the past year and competition over secure, long-term supply becomes increasingly fierce. Need info on your own credit report? An all-time low of oil prices is on the horizon. Date Filing Type Filing Description Download / View. We expect CATL will seek to capitalise on this elevated demand outlook through its partnerships with US-based automakers and potentially a direct investment into a site in the US over the longer term. Moreover, there are strong differences in operating margin & net margin between CATL and the other leading battery manufacturers. 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. What does the future have in store for China? ISSN 0005-1551 (print) One Chinese yuan was approximately equal to 0.141157 U.S. dollars on April 22, 2020. Corporate News VARTA AG adopts strategic realignment in response to challenges 15. 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. The firm's net profit was 15.931 billion yuan, a year-on-year increase of 185.34%. 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]. 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. Shareholders' Meeting. Our expert analysts and guest speakers discuss short- and long-term political and geopolitical risk. Caterpillar is committed to ensuring our workplace is diverse and representative of the many customers we serve around the globe. Meritor 2019 Summary Annual Report and 10-K 4.3 MB. CATL's revenue from 2015 to 2020 (in billion Chinese yuan) [Graph]. In, Website (Gasgoo China Automotive News). 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. Moreover, the company reports a yield of just 51.7%, emphasizing the need to maintain a high capacity-to-sales ratio going forward. CATL has already commenced production of its first overseas factory in central Germany. (2021). Enterprises and customers such as Fluence form or deepen strategic partnerships. CATL's revenue was RMB130.4 billion (~USD20 billion), a 159% y-o-y increase from 2020. FSG is solely responsible for the content of this report, without any input from Fitch Ratings. 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. In total, we have over 20 sources to cross-verify. 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. 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. EVE Energy is only a minor player with a moderate production capacity, but CATL will need to continuously compete on price and projects with the other Chinese player. All rights reserved. What Supply Chain Capacity Expansion & Diversification Strategies Are CATL Employing? You need at least a Starter Account to use this feature. The primary strategy appears to be to build capacity and resilience in their local market by expanding those regionalised supply chains. In 2020, CATL's revenue totaled around 50 billion Chinese yuan. 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 . Contact via: phate@cnevpost.com. CMOCgroup In China, policymakers were early to identify the auto market as a primary target for economic stimulus. [5] In addition, cash inflows are much higher than net profit. International stock quotes are delayed as per exchange requirements. Register in seconds and access exclusive features. In August 2021, reports emerged that CATL is considering acquiring a minority stake in the Chinese miner. 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. In 2020, CATLs Lithium-ion battery sales totaled 46.84GWh, up 14.36% Y-o-Y. ", 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. one part. The Chinese battery cell manufacturer CATL has started production at its largest plant to date in Fuding near Ningde in Fujian province, which is to offer an annual capacity of 120 GWh when completed. Diversity & Inclusion Caterpillar is committed to ensuring our workplace is diverse and representative of the many customers we serve around the globe. These range from corporate news and ad hoc announcements to financial and quarterly reports as well as company presentations. 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). An electric car factory run by a Chinese company, Nio, in Hefei, China. 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]. The company has great future potential as worldwide battery demand is increasing at an exponential rate and it is well-positioned within the supply chain network of major global car manufacturers. Please do not hesitate to contact me. Were committed to building a better, more sustainable world. 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. 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. Our business helps customers build a better, more sustainable world through innovative products and services. 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]. Advanced automatic production line! Meet some of our key peopleand explore our credentials. During the reporting period, the company's overseas order delivery scale increased rapidly and its overseas business gradually matured, CATL said. 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. 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 Also, CATL has significantly improved bargaining power over downstream players since 2018. Statista. FactSet (a) does not make any express or implied warranties of any kind regarding the data, including, without limitation, any warranty of merchantability or fitness for a particular purpose or use; and (b) shall not be liable for any errors, incompleteness, interruption or delay, action taken in reliance on any data, or for any damages resulting therefrom. Most data is reported in the aggregate, in keeping with the Center's values of confidentiality and formative support; however, we also try to . CATL has a very high P/E ratio compared to its direct competitors. 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. Current Chinese and EU politics impact the EV markets. 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. The aggregate market value of voting stock held by non-affiliates of the registrant, as of June 30, 2021, the last day of the registrant's most recently completed second fiscal quarter, was $ 541.28 billion (based on the closing price for shares of the registrant's Common Stock as reported by the NASDAQ Global Select Market on June 30, 2021). Appreciation for the brand extends far beyond those who use our equipment. 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. This report provides an in-depth analysis of the global fundus camera market, market size (US$ Million), and compound annual growth rate (CAGR%) for the forecast period (2022-2030), considering . Thank you. This high P/E ratio indicates that investors are willing to pay a higher share price today because of growth expectations in the future. The first phase, which has now started, is said to have a capacity of 60 GWh per year. 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. Contemporary Amperex Technology Co. Ltd., the worlds biggest maker of electric-vehicle batteries, reported better-than-expected full-year profit and announced plans to spend 13 billion yuan ($2 billion) on a new factory in China. 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. 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