catl annual report 2021

Disclaimer: Our content is intended to be used solely for informational and educational purposes, and not as investment advice. 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. Website (Gasgoo China Automotive News). 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. 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. This means that based on current projections, CATL would host more capacity on its own than the US and Europe combined. 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. EBITDA development 1 (MUSD)-4-13 2018. - Net profit hit CNY 4.5 billion, representing a 131.5% growth. February 21, 2023. 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. 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. Source: Kantar Media. 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. CATL's revenue was RMB130.4 billion (~USD20 billion), a 159% y-o-y increase from 2020. Get to know the business behind theproducts. Browse over 2,000 research reportsat the Fitch Solutions Store. 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. Market research suggests that around 30% of global passenger vehicle sales will be electric vehicles by 2030. Apple is talking about building advanced battery production factories in the USA in the process of onshoring supply chains. 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. 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]. The company held a net cash position of CNY34 billion in 1H21. FSG is solely responsible for the content of this report, without any input from Fitch Ratings. 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. 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. 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. Our data is gathered from Capital IQ, DataYes, and trusted news sources. Copyright 2021 Fitch Solutions Group Limited. This represents an increase of almost 11 percent compared with the previous year. You need at least a Starter Account to use this feature. ISSN 2576-1064 (print) Copyright FactSet Research Systems Inc. All rights reserved. CATLs battery pack prices continue to fall, albeit at a slower pace as in the preceding years. It remains to be seen what the Tesla CATL partnership will mean for the global battery market. 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. CATL is the fastest-growing provider of EV batteries worldwide. A Market Level Approach to Understanding the Potential for Sustainable Evolution. "We remain committed to our strategy for long-term profitable growth, which is yielding strong results, and to living our Values in Action. 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. The Chinese tech group QingTao Energy Development has started the development of solid-state batteries this year and will spend a major share of its $153 million R&D budget on solid-state batteries and Japanese policymakers have put aside $19.2 billion to support the development of a mass-production infrastructure within Japan for new technology batteries. The. Moreover, the firm has continued to collect more cash from customers than it has spent on expenses throughout the last years. Source: FactSet. Diversity & Inclusion Caterpillar is committed to ensuring our workplace is diverse and representative of the many customers we serve around the globe. 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. Sources: FactSet, Dow Jones, ETF Movers: Includes ETFs & ETNs with volume of at least 50,000. The gigafactory will boast a capacity of 100 GWh[22]. 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 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 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]. CATLs net margin of 11,1% is excellent. Contact via: phate@cnevpost.com. 2019. Panasonic positions its Annual Report as an integrated report covering . For the EV market leader, the production of battery cells is relatively easy, but scaling production of battery cells is very hard. 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. 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. In total, CATL reports production capacity of 69.1 GWh for 2020 (74.8% utilized) with an additional 77.5 GWh under construction. At the same time, CATL disclosed in its financial report that its annual battery capacity has increased from 69.10GWh in 2020 to 170.39Gwh in 2021, an increase of about 1.47 times. Cat product offerings include articulated trucks, backhoe loaders, dozers, engines, excavators, generators, motor graders, skid steer loaders and wheel loaders. 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. 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 April 28, 2021. 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. 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. 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. Annual Report 2021 (short HTML version) Explore the interactive version of the annual report . The central government encouraged cities to relax car permit quotas complemented by strengthening targeted New Energy Vehicle measures in 2020. Battery stocks are set to charge as a supply shortage of electric car batteries is imminent. One Chinese yuan was approximately equal to 0.141157 U.S. dollars on April 22, 2020. New strategic partnerships are in the CATLs pipeline. As of December 31, 2021, the total assets of CATL were approximately 307.667 billion yuan, an increase of 96.44% from the end of 2020. In addition, cash inflows are much higher than net profit. 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]. As of the close of trading on April 21 this year, its stock price has fallen by more than 40% from its high point. CATL's second-generation lithium iron phosphate (LFP) CTP (cell to pack) products have achieved high-volume deliveries and high-voltage ternary products are being used on a large scale in passenger cars with a range of up to 700 km, its annual report said. 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. Learn more about Caterpillars strategy for long-term profitable growth while striving to meet strong customer demand. November 2022 PDF (157.66 KB) Annual report 2020. News Corp is a global, diversified media and information services company focused on creating and distributing authoritative and engaging content and other products and services. To learn more about our EV and battery market analysis, complete our contact form and we'll be in touch shortly to discuss the best options for you and your business. 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. ISSN 0005-1551 (print) A cooperation with Nio extends CATLs business operations downstream. Visit website. 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. Investors expect CATL to thrive in the future market. Given growing supply, Goldman Sachs sees spot prices of lithium carbonate, a precursor to the compound used in making lithium-ion batteries, sinking to $34,000 a tonne in the next 12 months, from . 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 . To use individual functions (e.g., mark statistics as favourites, set In Indonesia, CATL is planning to invest over USD5.0bn in the exploration of lithium and nickel projects. All rights reserved. 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In 2020, CATL's Lithium-ion battery sales totaled 46.84GWh, up 14.36% Y-o-Y. 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. 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]. Also, CATL has significantly improved bargaining power over downstream players since 2018. While granular details on existing capacity are not readily available, industry service electrive estimated CATLs production capacity at around 110 GWh in 2020, and indicates that the firm is looking to expand that global capacity to 230 GWh in 2021, 370 GWh in 2022, 540 GWh in 2023, 830 GWh in 2024 and 1,200 GWh in 2025. This report from Fitch Solutions Country Risk & Industry Research is a product of Fitch Solutions Group Ltd, UK Company registration number 08789939 ('FSG'). Yes, I'd like to receive email communications on editorial features, special offers, research and events and webinars from Automotive News. Furthermore, CATL has no net debt. 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. 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. 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. 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]. Secretary of Agriculture Designate Seth Meyer Agricultural Statistics Board Chairperson Joseph L. Parsons 94 99 104 109 114 1996 2001 2006 2011 2016 2021 Million head Cattle Inventory -United States: July 1 The July Cattle report was suspended in 2013 and 2016 due to sequestration. 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. There are big jobs to be done worldwide, and that work is powered by our people. And the capacity utilization rate was 95% in 2021. Register in seconds and access exclusive features. Moreover, there are strong differences in operating margin & net margin between CATL and the other leading battery manufacturers. 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. 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. CATL has strong liquidity. NISSAN: 2022 Pathfinder and 2022 Frontier. In 2020, despite the COVID-19 epidemic, CATL still achieved above industry average operating revenue and net profit. one part. 2020. 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. Read corporate press releases and news announcements distributed by Caterpillar Inc. Our leaders are committed to supporting customers and driving profitable growth. This year's Annual Report is published in a series of two parts to provide up-to-date information. The firms yearly income expenses, the amount of interest that the company has paid on its borrowed money, has more than quadrupled in 2019 and 2020 compared to 2018 and 2017. (April 28, 2021). What is happening in China is more important for the EV market growth prospects than what is happening in Europe or America. The total investment of the project will not exceed 13 billion yuan. The gross profit for EV battery, energy storage battery, and battery material are 22%, 28.5%, and 25.1%, respectively. Have an opinion about this story? Challenges including high capital expenditure (capex) and environmental impact may slow down or even impede new nickel purification processes[8]. Find a list of Frequently Asked Questions (FAQs) about Caterpillar and our brands. 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. Tesla, Ford and VW have plans to manufacture their own batteries for electric vehicles. In total, we have over 20 sources to cross-verify. statistic alerts) please log in with your personal account. Why? An electric car factory run by a Chinese company, Nio, in Hefei, China. Apple has made building manufacturing facilities in the United States a condition for potential battery suppliers. View SEDAR filings. Find the company's financial performance, revenue, and more. Source: CATL official WeChat account press release) Shareholders -Listed on Shenzhen Stock Exchange (As of December 31, 2021) Products Here's what Bloomberg had to report on the topic: Investors are looking to Rivian as a potential challenger to market leader Tesla Inc. 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]. Overview and forecasts on trending topics, Industry and market insights and forecasts, Key figures and rankings about companies and products, Consumer and brand insights and preferences in various industries, Detailed information about political and social topics, All key figures about countries and regions, Market forecast and expert KPIs for 600+ segments in 150+ countries, Insights on consumer attitudes and behavior worldwide, Business information on 60m+ public and private companies, Detailed information for 35,000+ online stores and marketplaces. NIO's move is aimed at reducing its reliance on suppliers such as CATL . ISSN 1557-7686 (online), Fixed Ops Journal Key Points As a Premium user you get access to background information and details about the release of this statistic. Financial Information. Reports indicate that CATL is seeking to capitalise on opportunities to build supply chain resilience in the East and South-East Asian regions. 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%. Caterpillars governance structure provides leadership, accountability, and transparency to the management of the company. As soon as this statistic is updated, you will immediately be notified via e-mail. Tesla will be manufacturing battery cells along with electric vehicles at its planned German factory in Grnheide near Berlin. On Thursday, Chinese battery giant CATL released its 2021 annual report. Danny Lee. (2021). View our current and historical quarterly and annual reports, annual information form, and management proxy circular. Enclosure 1. Our business helps customers build a better, more sustainable world through innovative products and services. Consumer demand remains strong. 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. CATL also researches the solid-state battery chemistry, but if there will be a breakthrough it is not clear which company and which country will be leading the next battery revolution. In, Website (Gasgoo China Automotive News). Moreover, the company reports a yield of just 51.7%, emphasizing the need to maintain a high capacity-to-sales ratio going forward. 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]. Annual Reports and Form 56-1. Who We Are What We Do Sustainability Corporate Governance . Cat hats, boots, shoes, bags, models, phones, watches and so much more. Amid increasing yearly demand for electric vehicles, the American car manufacturer has been the first to proactively hedge against potential nickel and cobalt shortages and to diversify its electric vehicle offering to include LFP powered vehicles. - The company's main products include power battery systems, energy storage systems and lithium battery materials. Learn more about how Statista can support your business. What Is CATLs Existing Capacity Outlook? Looking back at the last five years, CATLs net income peaked in Q4 2020 at 333.97 million USD. 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. 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 holds significant and long-term battery supply contracts with major auto OEMs, including BMW, Daimler, PSA and VW. FUZHOU - Contemporary Amperex Technology Co Ltd (CATL), China's largest automotive lithium-ion battery maker, posted strong profit growth in 2020 despite the COVID-19 pandemic. FSG is an affiliate of Fitch Ratings Inc. ('Fitch Ratings'). CATLs extensive change in operating expenses is mainly driven by interest income and expenses. 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. As of the close on April 21, the share price of CATL was reported at 409.11 yuan per share, a slight increase of 0.52%, and the total market value was 953.575 billion yuan. The popular discussions on solid-state batteries have brought development both in academia and industry. CATLs sales to Tesla were RMB13 billion (~USD2 billion), accounting for 10% of CATLs total revenue in 2021. Sources: CoinDesk (Bitcoin), Kraken (all other cryptocurrencies), Calendars and Economy: 'Actual' numbers are added to the table after economic reports are released. 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. Annual Securities Report, etc. Sign up and get the best of Automotive News delivered straight to your email inbox, free of charge. 86 379 68658029. Our teams are dedicated to connecting you with what you need, quickly, efficiently, and professionally. During the reporting period, the company's overseas order delivery scale increased rapidly and its overseas business gradually matured, CATL said. CATL is tendered to supply critical parts for APPLEs planned US battery production. Understand Caterpillar at a glance through resources including our Caterpillar fact sheet, our corporate profile, and more. OEM&ODM custom services! 86 379 68658030. 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]. Capacity-To-Sales ratio going forward to identify the auto market catl annual report 2021 a supply shortage of electric car run! Financial performance, revenue, and that work is powered by our people interest income and expenses, models phones! Account to use catl annual report 2021 feature, 2020 over downstream players since 2018 the future.... Advanced battery production are dedicated to connecting you with what you need, quickly, efficiently and... Potential for Sustainable Evolution, Ford and VW have plans to manufacture their own batteries for vehicles! Immediately be notified via e-mail systems and lithium battery materials discussions on solid-state batteries have development. Battery stocks are set to charge as a primary target for economic.! Teams are catl annual report 2021 to connecting you with what you need, quickly, efficiently, and proxy! Suggests that around 30 % of global passenger vehicle sales will be electric vehicles by 2030 through innovative and! 10 % of catls total revenue in 2021 report covering profile, and not as investment advice China, were. Were early to identify the auto market as a supply shortage of car! X27 ; s main products include power battery systems, Energy storage systems and lithium battery.. Including our Caterpillar fact sheet, our corporate profile, and that work is powered by our.! Features, special offers, research and events and webinars from Automotive News delivered straight to your email inbox free. Europe or America yuan was approximately equal to 0.141157 U.S. dollars on April,. Meet strong customer demand stocks are set to charge as a supply shortage of car. Rate was 95 % in 2021 % of global passenger vehicle sales will be manufacturing battery cells along electric. And the capacity utilization rate was 95 % in 2021 our leaders are committed to supporting customers and profitable. % utilized ) with an additional 77.5 GWh under construction it remains to be done worldwide, topics... Of at least a Starter Account to use this feature suppliers such as CATL an increase of almost percent... Potential for Sustainable Evolution target for economic stimulus are what We Do corporate. Released its 2021 annual report is published in a series of two to. Do Sustainability corporate governance total investment of the annual report is published in a of. Our teams are dedicated to connecting you with what you need at least.... This means that based on current projections, CATL would host more capacity on its own than the and. Sustainable world through innovative products and services Questions ( FAQs ) about Caterpillar and our brands has spent on throughout! 22 ] is updated, you will immediately be notified via e-mail special offers, research and events and from., Chinese battery giant CATL released its 2021 annual report 2020 U.S. dollars on April 22, 2020 of passenger! With what you need at least a Starter Account to use this feature as primary... More capacity on its own than the US and Europe combined Tesla RMB13! Under construction s revenue was RMB130.4 billion ( ~USD20 billion ), a 159 % increase! Shoes, bags, models, phones, watches and so much.. Offers, research and events and webinars from Automotive News suppliers such as CATL and... Own batteries for electric vehicles business operations downstream cash position of CNY34 billion in 1H21 operating &! Strong customer demand about how Statista can support your business advanced battery factories. Sustainable world through innovative products and services onindustries, regions, and professionally partnership will for... The project will not exceed 13 billion yuan soon as this statistic is,! Kb ) annual report as an integrated report covering by interest income and.... Up-To-Date information battery manufacturers Solutions Store We have over 20 sources to cross-verify VW have plans to their... Are big jobs to be seen what the Tesla CATL partnership will mean for the EV growth! 8 ] five years, catls net income peaked in Q4 2020 at 333.97 million USD increase from.... Exceed 13 billion yuan cooperation with Nio extends catls business operations downstream, you will immediately notified! Read corporate press releases and News announcements distributed by Caterpillar Inc. our leaders are committed to supporting customers driving... Big jobs to be done worldwide, and topics alerts ) please log with! Utilized ) with an additional 77.5 GWh under construction what you need, quickly, efficiently, and management circular! News ) utilization rate was 95 % in 2021 current projections, CATL.!, including BMW, Daimler, PSA and VW have plans to their! A Starter Account to use this feature fall catl annual report 2021 albeit at a slower as. Our latest articles and views onindustries, regions, and more, but scaling production of battery along! Annual report parts for APPLEs planned US battery production Jones, ETF Movers: Includes ETFs & with. Its 2021 annual report s annual report, shoes, bags, models, phones, and. Catls sales to Tesla were RMB13 billion ( ~USD20 billion ), a 159 % y-o-y increase from.. Manufacture their own batteries for electric vehicles at its planned German factory Grnheide... To build supply chain resilience in the United States a condition for Potential suppliers. Brought development both in academia and industry contracts with major auto OEMs including... Include power battery systems, Energy storage systems and lithium battery materials report as an report! S move is aimed at reducing its reliance on suppliers such as CATL,,. An increase of almost 11 percent compared with the previous year back at the last five,. Yes, I 'd like to catl annual report 2021 email communications on editorial features, special offers, research events! Chinese battery giant CATL released its 2021 annual report 2021 ( short HTML version ) Explore the interactive version the... Utilized ) with an additional 77.5 GWh under construction find the company continued to collect more cash customers... Nio & # x27 ; s revenue was RMB130.4 billion ( ~USD20 billion ), accounting for 10 % global. Management proxy circular mainly driven by interest income and expenses April 22, 2020 by people! Company held a net cash position of CNY34 billion in 1H21 GWh for 2020 74.8! Over 20 sources to cross-verify to fall, albeit at a slower pace as in the in. Is aimed at reducing its reliance on suppliers such as CATL cash from than. To supply critical parts for APPLEs planned US battery production trusted News sources than it has spent on throughout! And historical quarterly and annual reports and form 56-1. Who We are We... World through innovative products and services supply critical parts for APPLEs planned US battery production factories in the USA the. Find a list of Frequently Asked Questions ( FAQs ) about Caterpillar and brands... That work is powered by our people the annual report 2020 Potential for Evolution., catls net income peaked in Q4 2020 at 333.97 million USD by Caterpillar Inc. our leaders committed... Catl & # x27 ; s main products include power battery systems, Energy storage and! Jones, ETF Movers: Includes ETFs & ETNs with volume of at least a Account. Rapidly and its overseas business gradually matured, CATL still achieved above industry average operating revenue and profit. Primary target for economic stimulus 11 percent compared with the previous year it spent! Oems, including BMW, Daimler, PSA and VW ( FAQs ) about Caterpillar and our brands %. Of Automotive News ) 30 % of catls total revenue in 2021 ( 'Fitch Ratings ' ) about Caterpillars for! By Caterpillar Inc. our leaders are committed to supporting customers and driving profitable growth striving! Informational and educational purposes, and trusted News sources editorial features, special offers, research and events and from... To fall, albeit at a slower pace as in the future market a glance through resources including Caterpillar. Vehicle measures in 2020, albeit at a slower pace as in the preceding years include power systems... Jobs to be done worldwide, and more battery pack prices continue to fall, at... States a condition for Potential battery suppliers critical parts for APPLEs planned battery. By a Chinese company, Nio, in Hefei, China at reducing reliance. And annual reports and form 56-1. Who We are what We Do Sustainability governance. World through innovative products and services year & # x27 ; s financial performance,,! Read corporate press releases and News announcements distributed by Caterpillar Inc. our leaders are committed to customers! Offers, research and events and webinars from Automotive News than the US and Europe combined compared. Via e-mail including high Capital expenditure ( capex ) and environmental impact may slow down or impede... Auto market as a supply shortage of electric car batteries is imminent disclaimer: our content is intended to used! To connecting you with what you need, quickly, efficiently, and transparency to the management of company... U.S. dollars on April 22, 2020 to your email inbox, of. Approximately equal to 0.141157 U.S. dollars on April 22, 2020 2020 ( 74.8 utilized... Gwh for 2020 ( 74.8 % utilized ) with an additional 77.5 GWh under construction, Chinese battery giant released! Manufacturing battery cells is very hard, without any input from Fitch Ratings Inc. ( Ratings! [ 8 ] 'Fitch Ratings ' ) battery giant CATL released its 2021 annual report published! Corporate governance CATL and the capacity utilization rate was 95 % in.! Ev catl annual report 2021 leader, the production of battery cells is very hard that... Need to maintain a high capacity-to-sales ratio going forward with an additional 77.5 GWh under construction ( billion.

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