Concentrix: How can customer data drive a better automotive CX? 603993@cmoc.com. Financial Highlights 2020 Revenue 61 (MUSD) 46 29. The company added that its operating cost between January and June 2022 . 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Year 2021 Semi Annual - Annual Download: Year 2020 Semi Annual - Annual Download: Year 2019 Semi Annual - Annual Download: Year 2018 Semi Annual - Annual . CATL is strengthening its market position by becoming a supplier of lithium iron phosphate batteries for TESLA. 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. Chinese government subsidies for the new energy vehicle (NEV) market are currently at 12 billion USD and CATL benefits from an aggressive policy where the Chinese government acquires lithium, nickel and rare earths and provides them to local battery manufacturers, securing CATL a consistent and cheap raw material supply[34], [35]. one part. Use Ask Statista Research Service. 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. Enclosure 1. CMOCgroup The firm's net profit was 15.931 billion yuan, a year-on-year increase of 185.34%. 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 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. Browse over 2,000 research reportsat the Fitch Solutions Store. While it is the leading supplier to customers in China, CATLs overseas sales have exploded in recent years. The total investment of the project will not exceed 13 billion yuan. Insight and analysis of top stories from our award winning magazine "Bloomberg Businessweek". 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]. Meet some of our key peopleand explore our credentials. Former CATL Directors & Associate Directors; Our Mission; Consultations; Programs & Grants. 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]. 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. CATL was trailed by LG Chemical and Panasonic, which boosted their annual battery capacity by 20 percent and 12 percent to 60.2 GWh and 36.1 GWh, respectively, by the end of last year. Copyright 2021 Fitch Solutions Group Limited. 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. Copyright Shenzhen Manly Battery Co., Ltd. All Rights Reserved. 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. 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. 10,000+ Employees. Annual Report 2021 (short HTML version) Explore the interactive version of the annual report . 2022 ChineseAlpha.com - All rights reserved. Learn more about Caterpillars strategy for long-term profitable growth while striving to meet strong customer demand. 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]. In total, we have over 20 sources to cross-verify. We meet customers where they are with our tailored solutions. Contact via: phate@cnevpost.com. The companys net income for fiscal years 2017 to 2020 averaged 652.82 million USD. You can only download this statistic as a Premium user. 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. 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]. Source: FactSet, Indexes: Index quotes may be real-time or delayed as per exchange requirements; refer to time stamps for information on any delays. Our 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. An electric car factory run by a Chinese company, Nio, in Hefei, China. 86 379 68658030. Our data is gathered from Capital IQ, DataYes, and trusted news sources. 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. Supply chain bottlenecks in Nickel and Cobalt have already made it increasingly difficult to hold up with demand. The Chinese Metaverse is Coming (and Creating Chinas $440 Billion Bet on Nuclear Energy. Why? CATLs cash flow can cover capex; cash on hand continues rising[32]. Financial Information. Jul. Also with regards to Tesla, there is a silver lining for CATL and other battery manufacturers. 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. Tesla will at least dual-source LFP battery packs and as of now also include another Chinese player, EVE Energy, in its supply chain. 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. 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 . View SEDAR filings. The two most prominent were a 2020 $5bn investment in developing a lithium battery plant in Indonesia and a $137m investment in a stake in Congos Kisanfu copper-cobalt mine in 2021[33]. Find a list of Frequently Asked Questions (FAQs) about Caterpillar and our brands. A cooperation with Nio extends CATLs business operations downstream. Its operating income reached 130.356 billion yuan ($20.1 billion) in 2021, a year-on-year increase of 159.06%. Statista. CATL is strengthening its market position by becoming a supplier of lithium iron phosphate batteries for TESLA, The battle to be the dominant EV manufacturer is worth hundreds of billions of US dollars and CATL is spreading its eggs by. In addition, there are further branches in Shanghai, Jiangsu, Qinghai, Foshan, as well as overseas branches in Munich, Paris, the USA and Japan[7]. CATLs extensive change in operating expenses is mainly driven by interest income and expenses. How to Geta Free Flight to Hong Kong in 500,000 Airline Ticket Giveaway, Apple Suppliers Are Racing to Exit China, AirPods Maker Says, Stocks Dragged Down by Tech as Yields Stay Higher: Markets Wrap, The SPAC Fad Is Ending in a Pile of Bankruptcies and Fire Sales, Microsoft Expands Game Pass as Regulators Fret Over Activision Deal. 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. Allstate: Compliance standards are changing. ChineseAlpha is not liable for any losses that may arise from relying on information provided. Disclaimer: Our content is intended to be used solely for informational and educational purposes, and not as investment advice. 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. The gross profit for EV battery, energy storage battery, and battery material are 22%, 28.5%, and 25.1%, respectively. February 15, 2023. Its unrestricted cash and cash equivalents to short-term borrowings have a ratio of 8 to 1. Sources: FactSet, Tullett Prebon, Commodities & Futures: Futures prices are delayed at least 10 minutes as per exchange requirements. Lower oil prices resulting from the COVID-19 crisis could reduce demand for electric vehicles in the United States as they undermine the comparative advantages of EV over standard combustion cars. 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. 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. In the last years, CATLs cash flow has fully covered capex. 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. 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. What Is CATLs Existing Capacity Outlook? Consumer demand remains strong. As a Premium user you get access to the detailed source references and background information about this statistic. Supplier of lithium iron phosphate batteries for TESLA HTML version ) explore the interactive version of the Report! 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