CATLs battery pack prices continue to fall, albeit at a slower pace as in the preceding years. 4. One can expect that the number of electric vehicles that are sold per year increases exponentially until 2028. Investors expect CATL to thrive in the future market. This indicates that CATL has had steady growth over the last years and this growth has remained steady throughout Q1 2021. Enclosure: Annual Report 2021 (Form 56-1 One Report) Documents. Website (Gasgoo China Automotive News). Accessed March 01, 2023. https://www.statista.com/statistics/875511/revenue-of-catl/. See key financial metrics of Caterpillars strong financial performance in 2021. Delphi Automotive PLC is a high-technology company that integrates safer, greener and more connected solutions for the automotive sector. 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. CATLs extensive change in operating expenses is mainly driven by interest income and expenses. Jul. statistic alerts) please log in with your personal account. Year 2021 Semi Annual - Annual Download: Year 2020 Semi Annual - Annual Download: Year 2019 Semi Annual - Annual Download: Year 2018 Semi Annual - Annual . As a Premium user you get access to background information and details about the release of this statistic. A paid subscription is required for full access. It is understood that CATL has launched in-depth cooperation with Tesla, Hyundai, Ford, Mercedes-Benz, Great Wall, Ideal, Weilai and other car companies in terms of power batteries. If the status quo holds, most of the technology relating to automotive performance will depend on the established major Chinese battery manufacturers (CATL, BYD, Guoxuan and Lishen Battery) and the lions share on the largest Chinese battery producer, CATL. Consumer demand remains strong. GUANGZHOU -- CATL, the world's largest producer of electric vehicle batteries, will spend up to 13.5 billion yuan ($2.09 billion) on a plant in China to produce a new type of lithium battery. 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. 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. Outstanding Services, Customer-Focused Team. CATLs revenue was RMB130.4 billion (~USD20 billion), a 159% y-o-y increase from 2020. 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 . 300750.CN | Contemporary Amperex Technology Co. Ltd. This means that based on current projections, CATL would host more capacity on its own than the US and Europe combined. Change value during the period between open outcry settle and the commencement of the next day's trading is calculated as the difference between the last trade and the prior day's settle. 10,000+ Employees. Keith Bradsher/The New York. 22.6% . Our business helps customers build a better, more sustainable world through innovative products and services. [5] CATLs cash flow can cover capex; cash on hand continues rising[32]. Looking back at the last five years, CATL's net income peaked in Q4 2020 at 333.97 million USD. Its operating income reached 130.356 billion yuan ($20.1 billion) in 2021, a year-on-year increase of 159.06%. The battery pack price is continuing to fall as economies of scale, scope and learning come into play. The firm enjoys strong improvements in turnover ratio, rapid growth in cash on hand, and a healthy asset structure. In total, we have over 20 sources to cross-verify. 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). 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 . Annual Report. We invest our time in peer-reviewing all articles from a bottom-up and top-down approach. 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 Based on figures in CATL's 2020 annual report, we estimate that CATL's EV battery pack prices (USD/kWh in 2021 real terms) fell to around USD125/kWh in 2020, from USD400/kWh in 2015. "CATL's revenue from 2015 to 2020 (in billion Chinese yuan)." In, Website (Gasgoo China Automotive News). Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. 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. 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. In August 2021, reports emerged that CATL is considering acquiring a minority stake in the Chinese miner. Panasonic Holdings Corporation. 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. Annual Reports: No, Title, File, date of registration Table Annual Reports: Title, File Table; No Title File; 18: Annual Report (2021) 17: Annual Report (2020) 16: Annual Report (2019) 15: Annual Report (2018) 14: Annual Report (2017) 13: Annual Report (2016) 12: Annual Report (2015) 11: Annual Report (2014) 10: What Supply Chain Capacity Expansion & Diversification Strategies Are CATL Employing? 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. For more information, see ourPrivacy Policy. Also with regards to Tesla, there is a silver lining for CATL and other battery manufacturers. 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. The market share of CATL has increased significantly to 32.60% from 24.60% in 2020, enhancing its leading position in the market. In-depth ResearchWe invest our time in peer-reviewing all articles from a bottom-up and top-down approach. Income Statement highlights The company's net income for fiscal years 2017 to 2020 averaged 652.82 million USD. Finding a cost-effective and efficient solid-state battery for electric vehicles could prove equivalent to finding the golden fleece in Greek mythology. Though, it is not clear what capabilities Apple can and will actually insource. There are big jobs to be done worldwide, and that work is powered by our people. Danny Lee. 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 . 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. 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. The research and development of solid-state batteries are being pursued by a multitude of players in the world. The primary strategy appears to be to build capacity and resilience in their local market by expanding those regionalised supply chains. FSG is an affiliate of Fitch Ratings Inc. ('Fitch Ratings'). The company has been established in December 2011 by founder Zeng Yuqun alias Robin Zeng. Fundamental company data and analyst estimates provided by FactSet. Advanced automatic production line! 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. 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. The industries we serve are essential in our modern world. Will solid-state batteries disrupt the battery industry? Your download link will be emailed to you shortly. 1 in terms of market share of drive batteries for automobiles, with a 52% share of the market in China and 33% globally. 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). Please create an employee account to be able to mark statistics as favorites. Corporate Governance. Our team offers customer-focused services and technology. This year's Annual Report is published in a series of two parts to provide up-to-date information. 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 . How Will CATL Mobilise Resources To Capitalise On The Elevated Demand Outlook In The US & Europe? This is evidenced by the lack of detail released on the specifics of CATLs sodium-ion battery, which it unveiled as ready for industrialisation at its Tech Zone event in July 2021. Sources: FactSet, Dow Jones, ETF Movers: Includes ETFs & ETNs with volume of at least 50,000. Copyright 2022 Rho Motion. 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. 2020. ", 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. And the capacity utilization rate was 95% in 2021. All values HKD Millions. Expert analysis of opportunities and risks across emerging and frontier markets. Date Filing Type Filing Description Download / View. [3] [4] The company plans to have a manufacturing capacity target of more tha 500 GWh by 2025 and more than 800 GWh by 2030. 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. View SEDAR filings. Sources: FactSet, Dow Jones, Bonds: Bond quotes are updated in real-time. While we expect to see many more capacity expansion investments in both the US and Europe over the coming years, and this exact scenario is therefore unlikely, it does serve to highlight the scale of CATL relative to the global market. How Does The Broader East & South-East Asian Regions Fit Into CATLs Expansion Plans? 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. Financial Highlights 2020 Revenue 61 (MUSD) 46 29. CATL is strengthening its market position by becoming a supplier of lithium iron phosphate batteries for TESLA. Visit and get more detail information. You need a Statista Account for unlimited access. The firm's net profit was 15.931 billion yuan, a year-on-year increase of 185.34%. As soon as this statistic is updated, you will immediately be notified via e-mail. 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