CATL's sales to Tesla were RMB13 billion (~USD2 billion), accounting for 10% of CATL's total revenue in 2021. Chart. 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. Phate is the founder and main author of CnEVPost. 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. View our current and historical quarterly and annual reports, annual information form, and management proxy circular. Access to this and all other statistics on 80,000 topics from, Show sources information For the EV market leader, the production of battery cells is relatively easy, but scaling production of battery cells is very hard. In 2020, despite the COVID-19 epidemic, CATL still achieved above industry average operating revenue and net profit. 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 . The company held a net cash position of CNY34 billion in 1H21. Join the team. Sources: FactSet, Tullett Prebon, Currencies: Currency quotes are updated in real-time. The CATL gigafactory will have a production capacity of 24 GWh and will create 2000 jobs by 2024[28]. The problem is that the EV market is growing at an exponential rate, but 90% of nickel in the global supply chain is not suited for battery production[5]. CATL is tendered to supply critical parts for APPLEs planned US battery production. The companys net income for fiscal years 2017 to 2020 averaged 652.82 million USD. 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). 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]. Market research suggests that around 30% of global passenger vehicle sales will be electric vehicles by 2030. 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. February 21, 2023. Mutual Funds & ETFs: All of the mutual fund and ETF information contained in this display, with the exception of the current price and price history, was supplied by Lipper, A Refinitiv Company, subject to the following: Copyright Refinitiv. Yes, I'd like to receive email communications on editorial features, special offers, research and events and webinars from Automotive News. 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]. As a Premium user you get access to background information and details about the release of this statistic. In a February 23 research note, Goldman Sachs said that because of growing supplies of lithium carbonate, its price is expected to fall to $34,000 a ton in the next 12 months from an average of . We use cookies and browser capability checks to help us deliver our online services, including to learn if you enabled Flash for video or ad blocking. North Yihe, Huamei Shan Road, Luanchuan, Luoyang City, Henan Province, China. Our data is gathered from Capital IQ, DataYes, and trusted news sources. 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). Heres the next step in their evolution, Champ: The history of titling and the cost of human error. CATL Deployments Accelerating in Europe, Fourth Most Deployed Cells in 2020 It is a buy. 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. Rich Experience in R&D and production of more than 12 years! 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). Stocks: Real-time U.S. stock quotes reflect trades reported through Nasdaq only; comprehensive quotes and volume reflect trading in all markets and are delayed at least 15 minutes. It remains to be seen what the Tesla CATL partnership will mean for the global battery market. Based in Gillingham, England. Copyright FactSet Research Systems Inc. All rights reserved. CATL's revenue was RMB130.4 billion (~USD20 billion), a 159% y-o-y increase from 2020. Magna to purchase a commercial fleet of 15 vehicles which we will deliver in December 2022. Data are provided 'as is' for informational purposes only and are not intended for trading purposes. Danny Lee. In 2020, CATL's Lithium-ion battery sales totaled 46.84GWh, up 14.36% Y-o-Y. 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%. 2022 ChineseAlpha.com - All rights reserved. Copyright 2022 Rho Motion. The firm enjoys strong improvements in turnover ratio, rapid growth in cash on hand, and a healthy asset structure. While it might seem that we are not confronted with the metaverse Auto-generated video transcript: . An all-time low of oil prices is on the horizon. 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. Meritor 2018 Summary Annual Report and 10-K 2.4 MB. 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]. In 2020, CATLs Lithium-ion battery sales totaled 46.84GWh, up 14.36% Y-o-Y. The research and development of solid-state batteries are being pursued by a multitude of players in the world. 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. 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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 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. 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. Learn more about how Statista can support your business. 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. Specifics on cathode chemistry are not often readily available. 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. Its operating income reached 130.356 billion yuan ($20.1 billion) in 2021, a year-on-year increase of 159.06%. The company's supply framework agreement with Tesla, signed in June 2021, provides for the company to supply products to Tesla from 2022 to 2025, the annual report said. 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. Always do your research and consider your personal circumstances before making investment decisions. Sources: FactSet, Dow Jones, Bonds: Bond quotes are updated in real-time. Source: Kantar Media. Year Quarterly Reports Annual Documents; 2022: Q1 Q2 Q3 Q4: Financial Report: AIF: MPC: 2021: Q1 Q2 Q3 Q4: Financial Report Sustainability Report: AIF: MPC: 2020: Q1 Q2 Q3 Q4: Financial Report Sustainability . About Panasonic Group . Carol Massar and Tim Stenovec host a look back at the best interviews, discussions and more. CATL has a very high P/E ratio compared to its direct competitors. CATLs cash flow can cover capex; cash on hand continues rising[32]. Choose your news we will deliver. More than 100 companies and R&D players are involved in solid-state battery development, but major issues in scalability remain due to high costs and limited capacities[18]. The company had to pay higher interest in the last two years, financing its investments in projects such as the 5 billion USD development of a lithium mine in Indonesia. In-depth ResearchWe invest our time in peer-reviewing all articles from a bottom-up and top-down approach. Outstanding Services, Customer-Focused Team. We invest our time in peer-reviewing all articles from a bottom-up and top-down approach. 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. Our data is gathered from Capital IQ, DataYes, and trusted news sources. [5] Reports indicate that CATL is seeking to capitalise on opportunities to build supply chain resilience in the East and South-East Asian regions. As a result, we expect annual capex of CNY20 billion-45 billion in 2021-2024. We leverage our expertise and partnerships to provide in-depth and insightful reports. 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. EBITDA development 1 (MUSD)-4-13 2018. According to CATL 's latest financial reports the company's current revenue (TTM) is $39.87 B . Furthermore, CATL has no net debt. 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. Advanced automatic production line! 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]. In the long term, CATL is likely to profit from the partnership with Tesla and gain ground in the dew draw with major competitors South Korean LGChem and Japanese Panasonic. 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. Supply critical parts for APPLEs planned US battery production CNY34 billion in 1H21 in-depth ResearchWe invest our time in all! Be electric vehicles by 2030 Bonds: Bond quotes are updated in real-time CNY34 billion in 1H21 your research consider! 652.82 million USD yes, I 'd like to receive email communications on editorial features, special,... Operating income reached 130.356 billion yuan ( $ 20.1 billion ), a 159 % Y-o-Y from! 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