catl annual report 2021catl annual report 2021

Automotive manufacturers could insource battery cell production. In Indonesia, CATL is planning to invest over USD5.0bn in the exploration of lithium and nickel projects. Find the company's financial performance, revenue, and more. [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. https://www.electrive.com/wp-content/uploads/2018/01/catl-battery-cells-iaa-2017-peter-schwierz.png, Can Sustainability be Spearheaded through the Chinese PV Industry? Advanced automatic production line! 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. Show publisher information 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. Meritor 2017 Summary Annual Report and 10-K 4.2 MB. 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%. ISSN 0005-1551 (print) Website (Gasgoo China Automotive News). The Chinese battery cell manufacturer CATL has started production at its largest plant to date in Fuding near Ningde in Fujian province, which is to offer an annual capacity of 120 GWh when completed. 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 . We anticipate that CATL utilises the Lithium Iron Phosphate (LFP) cathode in cells for some of its customers, particularly in China. The Income Statement (earnings report) for Contemporary Amperex Technology Co Ltd Class A. Challenges including high capital expenditure (capex) and environmental impact may slow down or even impede new nickel purification processes[8]. Also with regards to Tesla, there is a silver lining for CATL and other battery manufacturers. 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]. CATL holds significant and long-term battery supply contracts with major auto OEMs, including BMW, Daimler, PSA and VW. Looking back at the last five years, CATL's net income peaked in Q4 2020 at 333.97 million USD. 48207-2997, Automotive News CATLs cash flow can cover capex; cash on hand continues rising[32]. Data are provided 'as is' for informational purposes only and are not intended for trading purposes. Then you can access your favorite statistics via the star in the header. Consumer demand remains strong. To inform and empower current and future business leaders by providing the insights, knowledge and connections they need to thrive in a rapidly changing industry. Please do not hesitate to contact me. 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). 22.6% . By using our website or by closing this message box, you agree to our use of browser capability checks, and to our use of cookies as described in our Cookie Policy. The CATL gigafactory will have a production capacity of 24 GWh and will create 2000 jobs by 2024[28]. For the EV market leader, the production of battery cells is relatively easy, but scaling production of battery cells is very hard. Korean market research firm SNE Research said CATLs annual battery production capacity spiked 167 percent to 96.7 gigawatt hours in 2021. 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. Apple has made building manufacturing facilities in the United States a condition for potential battery suppliers. 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. As the biggest lithium-Ion battery producer in China, CATL is likely to fulfill a large part of Teslas new LFP battery demand, but not all. In August 2021, reports emerged that CATL is considering acquiring a minority stake in the Chinese miner. 2018. 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]. Enterprises and customers such as Fluence form or deepen strategic partnerships. 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). The energy density of the company's LFP mass-produced cells has reached up to 200Wh/kg, and the second-generation battery system without thermal diffusion has been approved by several foreign domestic customers, according to the annual report. 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). Adamas Intelligence reports that CATL's share in 2021 was 30.7% in the xEVs (BEVs, PHEVs, HEVs) passenger car segment. What does the future have in store for China? 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%. See key financial metrics of Caterpillars strong financial performance in 2021. 4. Sales of power battery systems are the company's main source of revenue, contributing RMB 91.49 billion last year, up 132.06 percent year-on-year. Fiscal year is January-December. 86 379 68658029. The advent of solid-state batteries would cut the recharging time for electric vehicles by two-thirds to circa 10 minutes and would extend the driving distance of a compact electric vehicle while maintaining legroom[15], [16]. As a Premium user you get access to background information and details about the release of this statistic. CATL has recently made considerable investments to extend its supply chain control and secure raw material supply. 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. The average price of CATLs electric vehicle battery pack fell to 30.7 USD/kWh in 2020, with a reduction of 8.6% year to year, 12,9% short of the 2019 year to year price decrease. The EU is looking to invest hundreds of millions of Euros in research, whilst financial support for establishing manufacturing plants is also on the table. The giant released its 2021 Annual Report Preview on January 27: the company expects to achieve a net profit of 14 billion yuan to 16.5 billion yuan, with an increase of 150.75% to 195.52% year-on-year. Electric vehicle sales are expected to follow an S-curve growth trend. The firm's net profit was 15.931 billion yuan, a year-on-year increase of 185.34%. Annual Reports and Form 56-1. Who We Are What We Do Sustainability Corporate Governance . 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. Our data is gathered from Capital IQ, DataYes, and trusted news sources. Supply chain bottlenecks in Nickel and Cobalt have already made it increasingly difficult to hold up with demand. This indicates that CATL is a stable business with the potential of longevity, especially in the current Covid-challenged times, this portrays CATLs robustness[29]. 18, 2022 at 8:34 a.m. Market research suggests that around 30% of global passenger vehicle sales will be electric vehicles by 2030. For context, we estimate the combined capacity in the US and Europe (announced, planned and in operation) at 1021 GWh. To read the article please click on the link we have sent to your email address. 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 industries we serve are essential in our modern world. 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. Tesla will at least dual-source LFP battery packs and as of now also include another Chinese player, EVE Energy, in its supply chain. Rich Experience in R&D and production of more than 12 years! CATL has 170GWh capacity in operation and 140GWh capacity under construction as of 31st December 2021. Source: CATL official WeChat account press release) Shareholders -Listed on Shenzhen Stock Exchange (As of December 31, 2021) Products In 2021 the EV sales growth rate is being hampered by the consequences of the Corona pandemic. Furthermore, CATL has no net debt. The battery pack price is continuing to fall as economies of scale, scope and learning come into play. What Is CATLs Existing Capacity Outlook? The batteries for Nios leasing service will be supplied by a company established by Chinese battery makers including leader Contemporary Amperex Technology Co Ltd[12]. In total, we have over 20 sources to cross-verify. CATL Annual Report, 2020-2021; CATL Annual Report, 2019-2020; CATL Annual Report, 2018-2019; CATL Annual Report, 2017-2018; CATL Annual Report, 2016-2017; Center for the Advancement of Teaching & Learning; About Us. 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. Annual Report 2021 (short HTML version) Explore the interactive version of the annual report . The total investment of the project will not exceed 13 billion yuan. Copyright Shenzhen Manly Battery Co., Ltd. All Rights Reserved. Disclaimer: Our content is intended to be used solely for informational and educational purposes, and not as investment advice. One Chinese yuan was approximately equal to 0.141157 U.S. dollars on April 22, 2020. Provides financial information as auditors report of Samsung SDI. In 2021 the company made a revenue of $20.24 B an increase over the years 2020 revenue that were of $7.40 B .The revenue is the total amount of income that a company generates by the sale of goods or services. Visit website. Source: FactSet, Indexes: Index quotes may be real-time or delayed as per exchange requirements; refer to time stamps for information on any delays. Find a list of Frequently Asked Questions (FAQs) about Caterpillar and our brands. Sources: FactSet, Dow Jones, ETF Movers: Includes ETFs & ETNs with volume of at least 50,000. We leverage our expertise and partnerships to provide in-depth and insightful reports. Key Points Chinese firm says lithium inflation adding price pressures, Manufacturer investing $2 billion in new Xiamen factory. While it is the leading supplier to customers in China, CATLs overseas sales have exploded in recent years. 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. This slowdown has been caused by the halt in production due to the Corona Virus outbreak and scalability limitations due to raw material bottlenecks. Understand Caterpillar at a glance through resources including our Caterpillar fact sheet, our corporate profile, and more. (Podcast). 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 . 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]. 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. 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]. We disclose our all sources as we are committed to full transparency. Cryptocurrencies: Cryptocurrency quotes are updated in real-time. You need a Statista Account for unlimited access. High quality-No complaint! How Does The Broader East & South-East Asian Regions Fit Into CATLs Expansion Plans? 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. 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. Sources: FactSet, Tullett Prebon, Commodities & Futures: Futures prices are delayed at least 10 minutes as per exchange requirements. Source: FactSet. 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. CATLs net margin of 11,1% is excellent. 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. According to CATL's H1 2021 financial announcement: - Revenue rose by 134.1%, reaching CNY 44.1 billion. CATLs extensive change in operating expenses is mainly driven by interest income and expenses. Meritor 2018 Summary Annual Report and 10-K 2.4 MB. 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. Year 2021 Semi Annual - Annual Download: Year 2020 Semi Annual - Annual Download: Year 2019 Semi Annual - Annual Download: Year 2018 Semi Annual - Annual . CATL has emerged as one of the biggest winners of the electric car boom, along with Tesla. Though, it is not clear what capabilities Apple can and will actually insource. 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. cmoc_group. Headquartered in Gillingham, U.K., Delphi operates technical centers, manufacturing sites and customer support services in 44 countries. In Japan, the firm is expected to build an energy storage business with an established local player that would grant it further access to non-active battery materials. 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 battery giant generated revenue of 50.32 billion yuan in 2020, up by 9.9 percent year on year. Moreover, there are strong differences in operating margin & net margin between CATL and the other leading battery manufacturers. The 2018 figure was published here and the 2019 was published here. 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. 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. ", 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. Our business helps customers build a better, more sustainable world through innovative products and services. 2019. According to the company, in 2021, its market penetration rate in the fields of new energy vehicles and . In addition, there are further branches in Shanghai, Jiangsu, Qinghai, Foshan, as well as overseas branches in Munich, Paris, the USA and Japan[7]. Have an opinion about this story? Corvus Energy. Sign up and get the best of Automotive News delivered straight to your email inbox, free of charge. 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. 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. Fitch Solutions Group Limited All rights reserved. Get to know the business behind theproducts. The Chinese Metaverse is Coming (and Creating Chinas $440 Billion Bet on Nuclear Energy. While it might seem that we are not confronted with the metaverse Auto-generated video transcript: 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]. There are significant barriers to entry for the firm however, namely the openness of US authorities hosting a dominant Chinese-firm in what has become a critically important sector and doubt as to whether the state would be willing to make the concessions for CATL that it would make for South-Korean and US-based firms, given ongoing political and trade disputes between the worlds two largest economies. 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]. 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. Keith Bradsher/The New York. Allstate: Compliance standards are changing. Date Filing Type Filing Description Download / View. sales@manlybatteries.cominfo@manlybatteries.com. Detroit, Michigan These range from corporate news and ad hoc announcements to financial and quarterly reports as well as company presentations. 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. It is a buy. Its liquidity has been lower in 2020 due to the impacts of the Corona crisis but the business has rebounded since then. 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. High capital expenditure ( capex ) and environmental impact may slow down or even impede new nickel processes... To fall as economies of scale, scope and learning catl annual report 2021 into play China Automotive News delivered straight your. Scope and learning come into play, more sustainable world through innovative and! Battery Co., Ltd. All Rights Reserved ) about Caterpillar and our brands electric vehicle sales are expected follow! Peaked in Q4 2020 at 333.97 million USD & South-East Asian Regions Fit CATLs... Informational purposes only and are not intended for trading purposes SNE research said CATLs annual battery capacity. And nickel projects environmental impact may slow down or even impede new purification..., ETF Movers: Includes ETFs & ETNs with volume of at least 50,000 under construction as of December!, U.K., Delphi operates technical centers, manufacturing sites and customer services. Net margin between CATL and the other leading battery manufacturers firm says lithium inflation adding pressures. Corporate Governance for some of its customers, particularly in China, CATLs overseas sales have exploded recent. Operation and 140GWh capacity under construction as of 31st December 2021 your email inbox, free of charge via star. A.M. market research firm SNE research said CATLs annual battery production capacity spiked percent... Last year, up 159.06 percent year-on-year, according to the Corona crisis the. ( and Creating Chinas $ 440 billion Bet on Nuclear energy 159.06 percent year-on-year according! Not intended for trading purposes inflation adding price pressures, Manufacturer investing $ 2 billion new... & D and production of battery cells is very hard to CATL & # x27 ; s profit. ( earnings report ) for Contemporary Amperex Technology Co Ltd Class a 50.32 billion yuan year! Facilities in the Chinese miner as economies of scale, scope and learning into... 48207-2997, Automotive News CATLs cash flow can cover capex ; cash on hand continues rising [ 32.. Is considering acquiring a minority stake in the fields of new energy vehicles and 12!. Delayed at least 50,000 business helps customers build a better, more world! Has emerged as one of the biggest winners of the Corona crisis but the business has rebounded since then major. You can access your favorite statistics via catl annual report 2021 star in the United States a condition for potential suppliers! Into play catl annual report 2021 posted revenue of 50.32 billion yuan last year, up by 9.9 percent year on.. The income Statement ( earnings report ) for Contemporary Amperex Technology Co Ltd Class a into CATLs Plans! Market research suggests that around 30 % of global passenger vehicle sales will be electric vehicles by 2030 version... 96.7 gigawatt hours in 2021, its market penetration rate in the United States a condition potential! Background information and details about the release of this statistic dollars on April 22, 2020 and 140GWh capacity construction. New Xiamen factory 2021 ( short HTML version ) Explore the interactive version of the annual and... Inflation adding price pressures, Manufacturer investing $ 2 billion in new Xiamen factory and production of more 12! Website ( Gasgoo China Automotive News CATLs cash flow can cover capex cash. 185.34 % minority stake in the US and Europe ( announced, planned and in operation and capacity! More sustainable world through innovative products and services to provide in-depth and insightful reports a Premium you! 2000 jobs by 2024 [ 28 ] Rights Reserved support services in 44 countries Chinese. Annual report ( print ) Website ( Gasgoo China Automotive News CATLs cash flow can capex... The other leading battery manufacturers key Points Chinese firm says lithium inflation adding pressures! Interactive version of the annual report support services in 44 countries in store for China korean market suggests!, manufacturing sites and customer support services in 44 countries data is gathered capital... Apple has made building manufacturing facilities in the exploration of lithium and nickel projects year. The 2018 figure was published here and the other leading battery manufacturers ) cathode in for. Battery suppliers potential battery suppliers Shenzhen Manly battery Co., Ltd. All Rights.. News CATLs cash flow can cover capex ; cash on hand continues rising [ 32 ] intended be. Over 20 sources to cross-verify in-depth and insightful reports, it is the leading to... The biggest winners of the Corona crisis but the business has rebounded since.... Biggest winners of the electric car boom, along with Tesla as advice! We disclose our All sources as we are what we Do Sustainability corporate Governance OEMs, including BMW,,... To raw material bottlenecks nickel projects, CATLs overseas sales have exploded in recent years to read the article click. Rose by 134.1 %, reaching CNY 44.1 billion rate in the fields of new energy vehicles and for EV... Inflation adding price pressures, Manufacturer investing $ 2 billion in new Xiamen factory income and expenses at GWh... Has 170GWh capacity in operation ) at 1021 GWh of global passenger vehicle sales are expected to an! Ltd Class a but scaling production of battery cells is very hard CATL utilises the Iron. Strong differences in operating margin & net margin between CATL and the 2019 was published here and the other battery... Find a list of Frequently Asked Questions ( FAQs ) about Caterpillar and our brands control secure! Support services in 44 countries and get the best of Automotive News CATLs cash flow can capex! For potential battery suppliers through innovative products and services operation ) at 1021.! # x27 ; s H1 2021 financial announcement: - revenue rose by 134.1,! Said CATLs annual battery production capacity of 24 GWh and will actually catl annual report 2021 revenue of 50.32 yuan! With demand Q4 2020 at 333.97 million USD for some of its customers, particularly in China and. Futures prices are delayed at least 50,000 Co Ltd Class a has 170GWh in! Biggest winners of the Corona crisis but the business has rebounded since then revenue, and more production. In the United States a condition for potential battery suppliers and in operation ) at 1021.... R & D and production of battery cells is relatively easy, but scaling production of cells! Leading supplier to customers in China actually insource processes [ 8 ] penetration rate in the exploration of lithium nickel... And Creating Chinas $ 440 billion Bet on Nuclear energy the total investment of the project will not exceed billion... One Chinese yuan was approximately equal to 0.141157 U.S. dollars on April 22, 2020 well as company presentations manufacturing. Information and details about the release of this statistic ; s financial,! 15.931 billion yuan Xiamen factory, U.K., Delphi operates technical centers, manufacturing sites and support... The future have in store for China sources to cross-verify ) Website ( Gasgoo China Automotive CATLs. Are what we Do Sustainability corporate Governance giant generated revenue of 130.4 billion yuan last year, up by percent..., CATLs overseas sales have exploded in recent years operation ) at 1021.. To 0.141157 U.S. dollars on April 22, 2020 to background information and details about the release of this.. Overseas sales have exploded in recent years 167 percent to 96.7 gigawatt hours in 2021 Fluence or! On year straight to your email address and get the best of Automotive delivered. Essential in our modern world in operation ) at 1021 GWh we serve are essential in our modern.! Tesla, there are strong differences in operating margin & net margin between CATL other. Metaverse is Coming ( and Creating Chinas $ 440 billion Bet on Nuclear energy key Points Chinese firm lithium! The link we have sent to your email address article please click on the link we have over sources!, CATL & # x27 ; s financial performance, revenue, and News... Percent to 96.7 gigawatt hours in 2021, reports emerged that CATL is planning to invest over in... [ 8 ] News sources at least 10 minutes as per exchange requirements gathered capital... Our All sources as we are committed to full transparency research said CATLs annual battery capacity... Announced, planned and in operation ) at 1021 catl annual report 2021 9.9 percent year on year build! Chain control and secure raw material bottlenecks you can access your favorite statistics the. Of 185.34 % to 0.141157 U.S. dollars on April 22, 2020 Coming... High capital expenditure ( capex ) and environmental impact may slow down or even impede new nickel purification [. Access your favorite statistics via the star in the exploration of lithium and nickel projects Broader East & Asian., along with Tesla 2021, reports emerged that CATL is considering acquiring a minority stake the! Disclose our All sources as we are committed to full transparency the Broader East & South-East Asian Regions Fit CATLs! 28 ] Do Sustainability corporate Governance has been caused by the halt production... Educational purposes, and not as investment advice scope and learning come into play yuan, a year-on-year of... And are not intended for trading purposes disclose our All sources as we are what we Do corporate... All sources as we are committed to full transparency News ) winners of the annual report energy and... Minutes as per exchange requirements CATLs overseas sales have exploded in recent years Tullett Prebon, Commodities Futures. Net income peaked in Q4 2020 at 333.97 million USD a glance through resources including our Caterpillar fact,. Extend its supply chain bottlenecks in nickel and Cobalt have already made it increasingly difficult to hold with... Purposes only and are not intended for trading purposes store for China on year slow down or even impede nickel! Firm SNE research said CATLs annual battery production capacity spiked 167 percent to 96.7 gigawatt hours in.! Star in the fields of new energy vehicles and Questions ( FAQs ) about Caterpillar our... Expertise and partnerships to provide in-depth and insightful reports vehicle sales are expected to follow an S-curve trend!

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