Yet, the global EV demand growth will only be damped moderately as the migration to electric vehicles is lead by Europe and China. 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. You need a Statista Account for unlimited access. Haig Partners: How are dealerships being valued today? Corvus Energy. It shows that CATL is able to effectively control its costs and provide goods at a price significantly higher than its costs.CATL is on par with Panasonic and outperforms Lg Chem and Samsung SDI when it comes to its return on equity. Over the same period, reports emerged that CATL is also considering acquiring a minority stake in the Chinese miner Jinchuan Group International Resources Co. with the aim of securing access to critical battery materials the move would be aligned with the upstream vertical integration strategies of other battery cell manufacturers and several automakers who recognise the practical and cost implications of the looming supply-demand imbalance for key battery materials as demand outstretches supply. The Panasonic share price had been hit hard after Elon Musk said in September 2020 that Tesla would bring in-house the manufacturing of bigger lithium-ion battery cells[21]. 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. A cooperation with Nio extends CATLs business operations downstream. Our team offers customer-focused services and technology. Our teams are dedicated to connecting you with what you need, quickly, efficiently, and professionally. 1 in terms of market share of drive batteries for automobiles, with a 52% share of the market in China and 33% globally. Our latest articles and views onindustries, regions, and topics. To read the article please click on the link we have sent to your email address. 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. Appreciation for the brand extends far beyond those who use our equipment. We expect worldwide EV sales to fall between 4 million and 4.3 million cars for this year. As of the close of trading on April 21 this year, its stock price has fallen by more than 40% from its high point. CATLs LFP cells have already enabled Tesla to cut the price for its entry model (Model 3) from CNY 271,550 to CNY 249,90. The CATL gigafactory will have a production capacity of 24 GWh and will create 2000 jobs by 2024[28]. Former CATL Directors & Associate Directors; Our Mission; Consultations; Programs & Grants. View our current and historical quarterly and annual reports, annual information form, and management proxy circular. As of 2021, there is a huge battery cell supply shortage and with Teslas ambitions for long-range trucks, this shortage will continue into the future[27]. 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. Apple has made building manufacturing facilities in the United States a condition for potential battery suppliers. . The German automakers have deals with existing battery cell manufacturers LG, Samsung, and CATL in place[25] and in the next 10 years, VW alone plans to produce around 22 million electric vehicles between 70 new electric models, which translates to an annual capacity requirement in Europe excess of 150 GWh, with similar demands expected in Asia[26]. (2021). 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. The News Building3 London Bridge StreetLondon SE1 9SG. 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. CATL, whose clients also include Volkswagen (VOWG_p.DE), General Motors (GM.N), BMW (BMWG.DE) and Daimler (DAIGn.DE) as well as Chinese. 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. Concentrix: How can customer data drive a better automotive CX? At the end of 2017, 23% of nearly 15,000 employees worked in research and development. On this page, we provide you with all of the publications of VARTA AG. 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. Jul. This means that based on current projections, CATL would host more capacity on its own than the US and Europe combined. Net profit totaled 5.58 billion yuan ($861 million) last year, a year-on-year rise of 22.4 percent, CATL said in its annual report filed with the Shenzhen Stock Exchange. Relative to the global market, CATLs capacity (measured in GWh) is rivalled only by South Koreas LG Energy Solution. Copyright 2021 Fitch Solutions Group Limited. Choose your news we will deliver. 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Meritor 2018 Summary Annual Report and 10-K 2.4 MB. 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. 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. The companys net income for fiscal years 2017 to 2020 averaged 652.82 million USD. 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. Join the team. Yes, I'd like to receive email communications on editorial features, special offers, research and events and webinars from Automotive News. Furthermore, CATL said its basic earnings per share in H1 2022 was 3.5233 yuan, a jump over the 1.9416 yuan for H1 2021. 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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. Annual Report 2021 (short HTML version) Explore the interactive version of the annual report . Insight and analysis of top stories from our award winning magazine "Bloomberg Businessweek". Stock and Corporate . Delphi Automotive PLC is a high-technology company that integrates safer, greener and more connected solutions for the automotive sector. 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