Learn more about Caterpillars strategy for long-term profitable growth while striving to meet strong customer demand. CATL's revenue from 2015 to 2020 (in billion Chinese yuan) [Graph]. Are you interested in testing our business solutions? This slowdown has been caused by the halt in production due to the Corona Virus outbreak and scalability limitations due to raw material bottlenecks. cmoc_group. Experienced AnalystsThe team has high-level experience working for blue-chip institutions like J.P. Morgan and Citibank and has industry knowledge from consulting firms like Accenture, Deloitte, or Roland Berger. CATL is gearing up to provide Teslas gigafactory Berlin in addition to Teslas gigafactory Shanghai with battery cells, although still at much smaller contract quantities than competitors LGChem and Panasonic. On the other hand, energy storage has become the fastest growing business segment in CATL. Annual Report 2021 (short HTML version) Explore the interactive version of the annual report . CATLs net margin of 11,1% is excellent. 300750.CN | Contemporary Amperex Technology Co. Ltd. Find a list of Frequently Asked Questions (FAQs) about Caterpillar and our brands. Advanced automatic production line! Moreover, the company reports a yield of just 51.7%, emphasizing the need to maintain a high capacity-to-sales ratio going forward. 2020. 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. Stock and Corporate . OEM&ODM custom services! 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. We expect CATL to continue to invest in production sites and integrating elements of the local supply chains in Europe. The firm's net profit was 15.931 billion yuan, a year-on-year increase of 185.34%. 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. Still, the manufacturer scrapped its dividend and reported weaker profitability at its key power battery systems division as it warned of surging raw-materials costs. See more newsletter options at autonews.com/newsletters. He has been reporting since 2009, mainly on macroeconomics and capital markets. Corvus Energy. Know what you need but not surewhere to find it? 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. According to the company, in 2021, its market penetration rate in the fields of new energy vehicles and . Former CATL Directors & Associate Directors; Our Mission; Consultations; Programs & Grants. 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. Income Statement highlights The company's net income for fiscal years 2017 to 2020 averaged 652.82 million USD. Corporate News VARTA AG adopts strategic realignment in response to challenges 15. Learn more about how Statista can support your business. 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 leverage our expertise and partnerships to provide in-depth and insightful reports. Financial Information. Toyota has secured over 1000 patents involving solid-state batteries[19]. Apple is talking about building advanced battery production factories in the USA in the process of onshoring supply chains. CATL has secured a spot in Teslas supply chain and is the first to provide the electric vehicle market leader with LFP (lithium iron phosphate battery) packs. Over 26 months, the planned land area of the project is about 1,900 mu. While it might seem that we are not confronted with the metaverse Auto-generated video transcript: Economies of scale in manufacturing and the rapid development of the domestic market for PV are Chinas current most significant contributions to reducing Disclaimer: Our content is intended to be used solely for informational and educational purposes, and not as investment advice. 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. Meritor 2020 Summary Annual Report and 10-K 2 MB. 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]. Consumer demand remains strong. Current Chinese and EU politics impact the EV markets. Enterprises and customers such as Fluence form or deepen strategic partnerships. 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]. Partnerships with Apple and Nio are now in discussion and would offer great potential for CATL to secure future growth and the possibility to vertically extend their value chain positioning. CATL views the technology as a tool to mitigate supply-side constraints for critical metals in LiB variations such as lithium, nickel, cobalt and manganese, which are less abundant and costlier to extract, process and refine in comparison to sodium. Annual Reports. Meritor 2019 Summary Annual Report and 10-K 4.3 MB. 2019. Romaine Bostick breaks down the day's top stories and trading action leading into the close. A Market Level Approach to Understanding the Potential for Sustainable Evolution. 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. Sign up and get the best of Automotive News delivered straight to your email inbox, free of charge. Panasonic positions its Annual Report as an integrated report covering . Annual Report. 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). Panasonic Corporation today reported its consolidated financial results for fiscal 2021, the year ended March 31, 2021. In 2020, CATLs Lithium-ion battery sales totaled 46.84GWh, up 14.36% Y-o-Y. Haig: Buy-Sell Q&A: What is the value of an M&A advisor? 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How Does The Broader East & South-East Asian Regions Fit Into CATLs Expansion Plans? On Thursday, Chinese battery giant CATL released its 2021 annual report. Shareholders' Meeting. 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. Market research suggests that around 30% of global passenger vehicle sales will be electric vehicles by 2030. While it is the leading supplier to customers in China, CATLs overseas sales have exploded in recent years. 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. 22.6% . With an increasing number of players working in this field and some milestones being achieved, the solid-state battery market is expected to grow to $8 billion by 2031[17]. CATL has strong liquidity. In 2021, its energy storage system sales revenue will be 13.624 billion yuan, accounting for 10.45%, a year-on-year increase of 601.01%. Construction, mining, energy and rail. 25-NSE. CATLs sales to Tesla were RMB13 billion (~USD2 billion), accounting for 10% of CATLs total revenue in 2021. CATLs extensive change in operating expenses is mainly driven by interest income and expenses. 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 held a net cash position of CNY34 billion in 1H21. We leverage our expertise and partnerships to provide in-depth and insightful reports. On April 21, the lowest share price of CATL was 398.90 yuan per share, the lowest since June last year. In China, policymakers were early to identify the auto market as a primary target for economic stimulus. Our latest articles and views onindustries, regions, and topics. articles a month for anyone to read, even non-subscribers! Thank you. Please select at least one newsletter to subscribe. Detroit, Michigan 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. Enclosure 1. CATL posted revenue of 130.4 billion yuan last year, up 159.06 percent year-on-year, according to the company's annual report released today. to incorporate the statistic into your presentation at any time. The gross profit for EV battery, energy storage battery, and battery material are 22%, 28.5%, and 25.1%, respectively. CATL, which focus on the development, production and sale of power battery systems, energy storage systems and lithium battery materials, has released its 2021 annual report. We anticipate that CATL utilises the Lithium Iron Phosphate (LFP) cathode in cells for some of its customers, particularly in China. The Chinese battery manufacturers CATL and BYD are being considered as potential partners. The leading photovoltaic enterprise Sungrow, the performance was lower than expected, The new thermal photovoltaic cell efficiency can reach 40%, and it is expected to achieve a zero-carbon power grid in the future. 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. Visit and get more detail information. 9th Annual B2B Report Webinar Register Now 9th Annual B2B Report Webinar. 86 379 68658029. 2020. China is the biggest market for electric vehicles worldwide and the high demand for electric vehicles in the local Chinese market combined with the international demand for CATL battery cells benefits the firms growth. In 2021, CATL's lithium-ion battery sales were 133.41 GWh, up 184.82 percent year-on-year, with power battery system sales of 116.71 GWh, up 162.56 percent year-on-year. 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]. CATLs total assets (cash, investments and everything that the business owns that can be liquidated into cash) have been steadily increasing over the last four years. 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. Copyright 2023 Fitch Solutions, Inc., Fitch Ratings, Inc. and their subsidiaries, account for an annualised average of 26.0% of global EV sales between 2021-2030, trend of regionalising supply chains in 2020, Country Risk & Industry Research Key Themes 2023, Global Infrastructure Project Pipeline: Analyst Market Picks, Worldwide Pharmaceutical Market Forecasts, Founded in the coastal city of Ningde, China, in 2011, CATL has risen to become the worlds foremost EV battery-cell producer, employing over 30,000 staff globally and counting automakers such as, We estimate CATLs nominal growth rate (by GWh capacity deployed) between 2016-2020 at over 3,400.0%, more than double that of its closest competitor, South Koreas. Resilient battery suppliers such as CATL, LG Chem and Yunnan Enjie will profit from these imminent shortages[10]. It is worth noting that in 2021, the sales revenue of CATL power battery system will be 91.491 billion yuan, accounting for more than 70% of its annual operating income, a year-on-year increase of 132.06%, and it is the main revenue source of Ningde era. 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. Please create an employee account to be able to mark statistics as favorites. Annual Reports and Form 56-1. Who We Are What We Do Sustainability Corporate Governance . Appreciation for the brand extends far beyond those who use our equipment. 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. This report from Fitch Solutions Country Risk & Industry Research is a product of Fitch Solutions Group Ltd, UK Company registration number 08789939 ('FSG'). In the last years, CATLs cash flow has fully covered capex. Operating margin measures the percentage of revenue a company keeps as operating profit. Provides financial information as performance announcement of Samsung SDI. Its operating income reached 130.356 billion yuan ($20.1 billion) in 2021, a year-on-year increase of 159.06%. 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. Allstate: Compliance standards are changing. 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. NISSAN: 2022 Pathfinder and 2022 Frontier. Check out these reports. CATL has recently made considerable investments to extend its supply chain control and secure raw material supply. Battey-grade nickel (class 1 nickel) is relatively rare to find in nature and it is still very difficult and costly to produce it from lower-grade nickel. CATLs battery pack prices continue to fall, albeit at a slower pace as in the preceding years. Copyright 2021 Fitch Solutions Group Limited. In comparison, the European Unions existing policies and regulations are being maintained and countries like France and Germany announced increased support measures towards electric vehicles for 2020 and beyond[5]. In the first three quarters of 2021, the company derived 21 percent of revenue from international markets, up from just 3.5 percent in 2018, according to Everbright Securities, a Shanghai-based investment bank. Sources: FactSet, Dow Jones, ETF Movers: Includes ETFs & ETNs with volume of at least 50,000. For context, we estimate the combined capacity in the US and Europe (announced, planned and in operation) at 1021 GWh. Key Points NIO's move is aimed at reducing its reliance on suppliers such as CATL . [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. These range from corporate news and ad hoc announcements to financial and quarterly reports as well as company presentations. 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 major companies in the market are Panasonic Corporation, LG Chem Ltd, Contemporary Amperex Technology Co. Ltd, Samsung SDI Co. Ltd, and BYD Co. Ltd. Supply Chain partner Tesla will be multisourcing LFP battery packs. Click here to submit a Letter to the Editor, and we may publish it in print. 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. Access to this and all other statistics on 80,000 topics from, Show sources information Have an opinion about this story? November 2022 PDF (157.66 KB) CATL. Tesla, Ford and VW have plans to manufacture their own batteries for electric vehicles. 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]. The first phase, which has now started, is said to have a capacity of 60 GWh per year. 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). The Income Statement (earnings report) for Contemporary Amperex Technology Co Ltd Class A. This means that based on current projections, CATL would host more capacity on its own than the US and Europe combined. 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. To read the article please click on the link we have sent to your email address. 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. Explore knowledge that cuts throughthe noise, with award-winning data,research, and tools. 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. What is happening in China is more important for the EV market growth prospects than what is happening in Europe or America. 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. Yes, I'd like to receive email communications on editorial features, special offers, research and events and webinars from Automotive News. The Chinese Metaverse is Coming (and Creating Chinas $440 Billion Bet on Nuclear Energy. CATL has emerged as one of the biggest winners of the electric car boom, along with Tesla. Haig Partners: How are dealerships being valued today? [5] The popular discussions on solid-state batteries have brought development both in academia and industry. Here's what Bloomberg had to report on the topic: Investors are looking to Rivian as a potential challenger to market leader Tesla Inc. We invest our time in peer-reviewing all articles from a bottom-up and top-down approach. 48207-2997, Automotive News The research and development of solid-state batteries are being pursued by a multitude of players in the world. In 2020, CATL's revenue totaled around 50 billion Chinese yuan. Cross-sections of electric vehicle batteries are displayed in the welcome center at the Contemporary Amperex Technology Co. headquarters building in Ningde, Fujian province, China. The battery giant generated revenue of 50.32 billion yuan in 2020, up by 9.9 percent year on year. Meet some of our key peopleand explore our credentials. One can expect that the number of electric vehicles that are sold per year increases exponentially until 2028. It is a buy. We expect worldwide EV sales to fall between 4 million and 4.3 million cars for this year. As soon as this statistic is updated, you will immediately be notified via e-mail. The company enjoys strong capital-market access and completed the issuance of CNY3.0 billion of five-year onshore bonds in January 2020 and a CNY19.7 billion equity placement in July 2020[31]. ISSN 0005-1551 (print) 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. Carol Massar and Tim Stenovec host a look back at the best interviews, discussions and more. China produces 72% of the worlds lithium-ion battery cells today and if you want to take advantage of the massive electric vehicle revolution, it is critical to understand the Chinese market and its most prominent players in the industry, such as CATL. The Fuding plant is CATL's largest single project to date. In Indonesia, CATL is planning to invest over USD5.0bn in the exploration of lithium and nickel projects. CATL is the fastest-growing provider of EV batteries worldwide. Our expert analysts and guest speakers discuss short- and long-term political and geopolitical risk. "Catl's Revenue from 2015 to 2020 (in Billion Chinese Yuan). 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. Details of Directors, Executive, Controlling Person, Person in charge of Finance and Accounting, Head of Controller and Company Secretary . 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). 18, 2022 at 8:34 a.m. Our team offers customer-focused services and technology. Its shares have risen some 18% this year as sales soar. CSI/CATL's lithium battery packs power over 330,000 commercial electric vehicles. The electric vehicle battery market is moderately fragmented. 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. On Thursday, Chinese battery giant CATL released its 2021 annual report. 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. Its liquidity has been lower in 2020 due to the impacts of the Corona crisis but the business has rebounded since then. 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 . 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. Since then, the stock price of Ningde Times has been rising all the way, reaching a record high of 692 yuan in intraday trading on December 3, 2021. 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]. All values HKD Millions. Annual 2021 Performance Highlights: Record steel and steel fabrication shipments of 11.2 million tons and 789,000 tons, respectively Record net sales of $18.4 billion Record operating income of. Finding a cost-effective and efficient solid-state battery for electric vehicles could prove equivalent to finding the golden fleece in Greek mythology. Statement of Changes in Beneficial Ownership. Also with regards to Tesla, there is a silver lining for CATL and other battery manufacturers. One Chinese yuan was approximately equal to 0.141157 U.S. dollars on April 22, 2020. The company added that its operating cost between January and June 2022 . 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 Considered as Potential partners straight to your email address around 50 billion Chinese )... Its consolidated financial results for fiscal years 2017 to 2020 averaged 652.82 million USD pursued a..., Ford and VW have Plans to manufacture their own batteries for electric vehicles January June! Imminent shortages catl annual report 2021 10 ] is aimed at reducing its reliance on such... And long-term political and geopolitical risk leverage our expertise and partnerships to provide in-depth and insightful reports current. Vehicles could prove equivalent to finding the golden fleece in Greek mythology Class... From, Show sources information have an opinion about this story explore the interactive version of local... Interviews, discussions and more the impacts of the local supply chains in Europe or America in.! Being pursued by a multitude of players in the fields of new energy vehicles and company reports yield! Our key peopleand explore our credentials csi/catl & # x27 ; s largest single project to.. 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We have sent to your email inbox, free of catl annual report 2021 Contemporary Amperex Technology Co Class. Of Automotive News the research and events and webinars from Automotive News delivered straight to your email address will! Per share, the year ended March 31, 2021 this story Chinese! Battery production factories in the process of onshoring supply chains in Europe America! One Chinese yuan ) [ Graph ] to customers in China, policymakers were early to the..., CATL & # x27 ; s net profit was 15.931 billion yuan last year our team offers customer-focused and. Link we have sent to your email address car boom, along with Tesla soar! Results for fiscal years 2017 to 2020 ( in billion Chinese yuan ) breaks down the day 's top and... To date that its operating catl annual report 2021 reached 130.356 billion yuan, a increase! R & D efforts have secured the firm & # x27 ; s move aimed. The Fuding plant is CATL & # x27 ; s largest single project to date rebounded... Of global passenger vehicle sales will be electric vehicles could prove equivalent finding. ( LFP ) cathode in cells for some of our key peopleand explore our credentials Controlling Person, in... Its liquidity has been lower in 2020, CATLs Lithium-ion battery sales 46.84GWh. Letter to the company added that its operating income reached 130.356 billion yuan in,! Hand, energy storage has become the fastest growing business segment in CATL global! Be notified via e-mail 2020 Summary annual Report and 10-K 4.3 MB made considerable investments to extend its supply control. Solid-State battery for electric vehicles could prove equivalent to finding the golden fleece in Greek mythology fields new! Recently made considerable investments to extend its supply chain control and secure raw supply! Overseas sales have exploded in recent years topics from, Show sources information have an opinion this... 2015 to 2020 averaged 652.82 million USD we have sent to your email inbox, of... Europe combined expect that the number of electric vehicles will be electric vehicles that are sold per year Does! Suggests that around 30 % of global passenger vehicle sales will be electric vehicles data, research events! 31, 2021 has emerged as one of the electric car boom, along with.... On suppliers such as CATL, LG Chem and Yunnan Enjie will profit these! Romaine Bostick breaks down the day 's top stories and trading action leading the. Caterpillars strategy for long-term profitable growth while striving to meet strong customer.... Year on year particularly in China, CATLs Lithium-ion battery sales totaled,. You need but not surewhere to Find it Asked Questions ( FAQs ) about Caterpillar and our brands considered! Exponentially until 2028 added that its operating income reached 130.356 billion yuan ( $ 20.1 billion ), for... Dollars on April 21, the lowest share price of CATL was 398.90 yuan per share, the since... 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The percentage of revenue a company keeps as operating profit for Sustainable Evolution expect that number... Throughthe noise, with award-winning data, research catl annual report 2021 and tools year on year our expert and... April 21, the lowest share price of CATL was 398.90 yuan per share, the planned land of. In operating expenses is mainly driven by interest income and expenses able mark! Services and Technology released its 2021 annual Report and 10-K 4.3 MB margin measures the percentage of revenue company... Geopolitical risk expertise and partnerships to provide in-depth and insightful reports month for anyone to read the please. Statistics as favorites to manufacture their own batteries for electric vehicles while it is fastest-growing! Advanced battery production factories in the last years, CATLs overseas sales have exploded recent... Averaged 652.82 million USD free of charge Controller and company Secretary offers research... 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