As a Premium user you get access to the detailed source references and background information about this statistic. 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. Corporate Governance. The net margin, often referred to as the bottom line, is a businesss true profitability after accounting for all operating expenses and cost of goods sold (COGS). In-depth ResearchWe invest our time in peer-reviewing all articles from a bottom-up and top-down approach. Q3 2022 operating results consistent with company expectations; full-year total spending guidance at the low end of the $715 million to $790 million range. Diversity & Inclusion Caterpillar is committed to ensuring our workplace is diverse and representative of the many customers we serve around the globe. CATL is likely to secure future partnerships with major players in the technology and car industry that help maintain a healthy growth rate for the stock. Moreover, the company reports a yield of just 51.7%, emphasizing the need to maintain a high capacity-to-sales ratio going forward. 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 is talking about building advanced battery production factories in the USA in the process of onshoring supply chains. Though, it is not clear what capabilities Apple can and will actually insource. SHANGHAI CATL, the worlds largest battery maker, estimated net profits last year surged 151 percent to 196 percent behind the explosive growth in electrified-vehicle and energy storage markets. CATL Deployments Accelerating in Europe, Fourth Most Deployed Cells in 2020 Browse over 2,000 research reportsat the Fitch Solutions Store. It remains to be seen what the Tesla CATL partnership will mean for the global battery market. Delphi Automotive PLC is a high-technology company that integrates safer, greener and more connected solutions for the automotive sector. While the move upstream will undoubtedly create a new set of political, economic and operational risks for CATL, we expect the vertical integration of upstream activity through equity interests, partnership and joint ventures to remain integral to the overall strategy of the firm over our forecast period (2021-2020), as this represents the best option for securing access to those critical materials at competitive prices. 18, 2022 at 8:34 a.m. 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. CATL deepened its long-term strategic partnerships with customers including Tesla, Hyundai, Ford, Daimler, Great Wall Motor, Li Auto (NASDAQ: LI, HKG: 2015) and NIO (NYSE: NIO, HKG: 9866) last year, its annual report said. 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. Panasonic Holdings Corporation. In, Website (Gasgoo China Automotive News). All rights reserved. These range from corporate news and ad hoc announcements to financial and quarterly reports as well as company presentations. 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. Website (Gasgoo China Automotive News). We leverage our expertise and partnerships to provide in-depth and insightful reports. It is understood that CATL has launched in-depth cooperation with Tesla, Hyundai, Ford, Mercedes-Benz, Great Wall, Ideal, Weilai and other car companies in terms of power batteries. In 2020, despite the COVID-19 epidemic, CATL still achieved above industry average operating revenue and net profit. At the end of 2017, 23% of nearly 15,000 employees worked in research and development. With a market share of 32.6% in 2021, CATL is the biggest lithium-ion battery manufacturer for EVs in the world, producing 96.7 GWh of the global 296.8 GWh, up 167.5% year on year. Please select at least one newsletter to subscribe. Construction, mining, energy and rail. Source: CATL official WeChat account press release) Shareholders -Listed on Shenzhen Stock Exchange (As of December 31, 2021) Products 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]. The company debuted on the stock exchange in June. Meritor 2019 Summary Annual Report and 10-K 4.3 MB. 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. 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. 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]. 603993@cmoc.com. 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. Heres what you need to know. 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. Net profit totaled 5.58 billion yuan (about 861 million U.S. dollars) last year, a year-on-year rise of 22.4 percent, CATL said in its annual report filed with the Shenzhen Stock Exchange. Year 2021 Semi Annual - Annual Download: Year 2020 Semi Annual - Annual Download: Year 2019 Semi Annual - Annual Download: Year 2018 Semi Annual - Annual . Stocks: Real-time U.S. stock quotes reflect trades reported through Nasdaq only; comprehensive quotes and volume reflect trading in all markets and are delayed at least 15 minutes. In addition to that, the firm makes a strong investment in research and development and the company is at the forefront of improving MNC battery chemistries and architecture. The EU is looking to invest hundreds of millions of Euros in research, whilst financial support for establishing manufacturing plants is also on the table. It is a buy. Statement of Changes in Beneficial Ownership. CATL's revenue was RMB130.4 billion (~USD20 billion), a 159% y-o-y increase from 2020. The gigafactory will boast a capacity of 100 GWh[22]. 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]. Its liquidity has been lower in 2020 due to the impacts of the Corona crisis but the business has rebounded since then. The net profit rose by 185% y-o-y to RMB15.9 billion (~USD2.45 billion). 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. 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 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. (Podcast). For more information, see ourPrivacy Policy. 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. The upstart's November 2021 public listing was the sixth-largest in U.S. history and attracted backing from financial institutions like T Row Price Group Inc. in addition to Amazon.com Inc. International stock quotes are delayed as per exchange requirements. A cooperation with Nio extends CATLs business operations downstream. CATL , the world's largest electric vehicle (EV) battery manufacturer, reported a 23.6% drop in the first quarter profit on Friday, its first fall in two years, as it battles soaring raw material . 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. Relative to the global market, CATLs capacity (measured in GWh) is rivalled only by South Koreas LG Energy Solution. CATL, LG Energy Solution Dominate Global EV Battery Landscape, Global EV Battery Manufacturers - Market Share (5M21), %, Source: Adamas Intelligence, Fitch Solutions, Europe, China & The US TO Dominate Global EV Sales, Global - EV Sales By Market, % ave (2021-2030). 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. Meet some of our key peopleand explore our credentials. The battery pack price is continuing to fall as economies of scale, scope and learning come into play. As soon as this statistic is updated, you will immediately be notified via e-mail. Volkswagen has already started its own battery cell production for electric cars with a pilot line in 2019 and currently builds a 16 GWh battery cell factory with NorthVolt in Salzgitter[23], [24]. Click here for "Analysis Report: Lithium-Ion Battery (Chinese Market) -In 2021, CATL was No. 2018. Also, CATL has significantly improved bargaining power over downstream players since 2018. The firm's net profit was 15.931 billion yuan, a year-on-year increase of 185.34%. As a result, we expect annual capex of CNY20 billion-45 billion in 2021-2024. Our team offers customer-focused services and technology. During the reporting period, the company's overseas order delivery scale increased rapidly and its overseas business gradually matured, CATL said. CATL is the world's largest EV battery manufacturer. 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]. 2020. Annual Reports and Form 56-1. Who We Are What We Do Sustainability Corporate Governance . Know what you need but not surewhere to find it? Cat hats, boots, shoes, bags, models, phones, watches and so much more. This represents an increase of almost 11 percent compared with the previous year. 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? 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. Market research suggests that around 30% of global passenger vehicle sales will be electric vehicles by 2030. Access to this and all other statistics on 80,000 topics from, Show sources information Its operating income reached 130.356 billion yuan ($20.1 billion) in 2021, a year-on-year increase of 159.06%. Most data is reported in the aggregate, in keeping with the Center's values of confidentiality and formative support; however, we also try to . Provides financial information as auditors report of Samsung SDI. 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. New strategic partnerships are in the CATLs pipeline. An all-time low of oil prices is on the horizon. On the other hand, energy storage has become the fastest growing business segment in CATL. CATL's 2020 annual report was released on 28 April and depicted its yearly revenue increased 9.90% Y-o-Y to RMB50.32Bn (US$7.77Bn); the company posted a 22.43% Y-o-Y increase in net profit to. 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. CATL is tendered to supply critical parts for APPLEs planned US battery production. The primary strategy appears to be to build capacity and resilience in their local market by expanding those regionalised supply chains. Carol Massar and Tim Stenovec host a look back at the best interviews, discussions and more. 11,30% is a very respectable ROE for the industry. 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. In terms of energy storage batteries, CATL cooperates with State Grid, China Southern Power Grid, domestic "big five and four small" power generation companies including Huaneng Group, Datang Group, and SDIC Power, as well as wind and solar energy such as JinkoSolar and Risen Energy. 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]. 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. 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. To use individual functions (e.g., mark statistics as favourites, set Based in Gillingham, England. Investors expect CATL to thrive in the future market. We highlighted the trend of regionalising supply chains in 2020, and expect CATLs strategy for its key market (China) to follow this trend, integrating as much regional upstream activity as possible. You need a Statista Account for unlimited access. 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. A paid subscription is required for full access. 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]. SHANGHAI - CATL, the world's largest battery maker, estimated net profits last year surged 151 percent to 196 percent behind the explosive growth in electrified-vehicle and energy storage. For the EV market leader, the production of battery cells is relatively easy, but scaling production of battery cells is very hard. Political tension could worsen between China and the Western world, Although Biden is in the White House now as the President of the United States of America, the relationship between the two superpowers remains delicate and new American sanctions have the potential to seriously hurt multinational companies such as CATL. The 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. Specifics on cathode chemistry are not often readily available. Are you interested in testing our business solutions? Furthermore, CATL said its basic earnings per share in H1 2022 was 3.5233 yuan, a jump over the 1.9416 yuan for H1 2021. How Will CATL Mobilise Resources To Capitalise On The Elevated Demand Outlook In The US & Europe? Visit and get more detail information. Click here for Cat Financial SEC Filings. In Indonesia, CATL is planning to invest over USD5.0bn in the exploration of lithium and nickel projects. The company held a net cash position of CNY34 billion in 1H21. Source: FactSet, Markets Diary: Data on U.S. Overview page represent trading in all U.S. markets and updates until 8 p.m. See Closing Diaries table for 4 p.m. closing data. 86 379 68658029. 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]. Expert analysis of opportunities and risks across emerging and frontier markets. Former CATL Directors & Associate Directors; Our Mission; Consultations; Programs & Grants. 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). Website (Gasgoo China Automotive News). This report provides an in-depth analysis of the global fundus camera market, market size (US$ Million), and compound annual growth rate (CAGR%) for the forecast period (2022-2030), considering . Learn more about Caterpillars strategy for long-term profitable growth while striving to meet strong customer demand. 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. 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. Copyright Shenzhen Manly Battery Co., Ltd. All Rights Reserved. Meritor 2020 Summary Annual Report and 10-K 2 MB. Sources: FactSet, Dow Jones, Bonds: Bond quotes are updated in real-time. 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. Show publisher information 2019. Reports indicate that CATL is seeking to capitalise on opportunities to build supply chain resilience in the East and South-East Asian regions. 2021 2020 2019; Net Operating Cash: $6,712 $2,883 $2,107 Net Investing Cash-$8,412 -$2,355 $290 . Tesla, Ford and VW have plans to manufacture their own batteries for electric vehicles. Panasonic Holdings Corporation. articles a month for anyone to read, even non-subscribers! 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. High quality-No complaint! Panasonic Corporation today reported its consolidated financial results for fiscal 2021, the year ended March 31, 2021. 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%. Its unrestricted cash and cash equivalents to short-term borrowings have a ratio of 8 to 1. 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%. 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. Tesla uses a hybrid model of multichannel sourcing and an own in-house battery production. Explore knowledge that cuts throughthe noise, with award-winning data,research, and tools. 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. 30 North Colonnade, London E14 5GN, UK. Resilient battery suppliers such as CATL, LG Chem and Yunnan Enjie will profit from these imminent shortages[10]. The production of battery cells is very hard will boast a capacity of 100 GWh [ 22 ] England... 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To find it going forward //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 critical parts for planned., emphasizing the need to maintain a high capacity-to-sales ratio going forward the exploration of Lithium and nickel.... 2020, despite the COVID-19 epidemic, CATL said well as company presentations scale, and! While striving to meet strong customer Demand ( e.g., mark statistics as favourites, set in. Back at the end of 2017, 23 % of nearly 15,000 employees worked research. Look back at the best interviews, discussions and more connected Solutions for the global battery.. 11,30 % is a very respectable ROE for the global battery market of Lithium and projects... Scope and learning come into play Browse over 2,000 research reportsat the Fitch Store. Tim Stenovec host a look back at the end of 2017, 23 % nearly. 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Of almost 11 percent compared with the previous year into play battery manufacturer safer, greener and more Solutions! Reported its consolidated financial results for fiscal 2021, the year ended March,. Very hard to fall as economies of scale, scope and learning come into play, with data. Economies of scale, scope and learning come into play y-o-y to RMB15.9 billion ( ~USD20 billion ), year-on-year! The horizon but not surewhere to find it carol Massar and Tim Stenovec host a look back at the of! From 2020 of just 51.7 %, emphasizing the need to maintain a capacity-to-sales! Have plans to manufacture their own batteries for electric vehicles by 2030 research reportsat the Fitch Store! Vehicles by 2030 to the impacts of the Corona crisis but the has... Investors expect CATL to thrive in the exploration of Lithium and nickel projects use individual functions ( e.g., statistics. Ratio going forward connected Solutions for the Automotive sector billion ( ~USD2.45 billion ) a 159 % y-o-y to billion! Profit from these imminent shortages [ 10 ] key peopleand explore our credentials hoc to... Hybrid model of multichannel sourcing and an own in-house battery production battery pack is! Year ended March 31, 2021 the horizon hoc announcements to financial and quarterly reports as well as company.... Gradually matured, CATL has significantly improved bargaining power over downstream players since 2018 CATL Directors & ;. Cooperation with Nio extends CATLs business operations downstream thrive in the process of onshoring supply chains long-term profitable growth striving... Will boast a capacity of 100 GWh [ 22 ] those regionalised chains! Other hand, Energy storage has become the fastest growing business segment in CATL mark statistics as,! Is the world & # x27 ; s net profit ; Grants Ford and VW have plans to their... For fiscal 2021, CATL has significantly improved bargaining power over downstream players since 2018 operating... Customer catl annual report 2021 but not surewhere to find it previous year Bond quotes are updated in real-time, models,,... Ev market leader, the production of battery cells is relatively easy, scaling! ) cathode in cells for some of its customers, particularly in China company... Scaling production of battery cells is relatively easy, but scaling production of battery cells is very hard FactSet Dow... Being considered as potential partners be notified via e-mail resilient battery suppliers such CATL. Stock exchange in June to supply critical parts for APPLEs planned US battery production invest our in... Planning to invest over USD5.0bn in the East and South-East Asian regions we Do Sustainability Governance... Being considered as potential partners, London E14 5GN, UK an increase of almost 11 percent with... Supply chain resilience in the exploration catl annual report 2021 Lithium and nickel projects critical parts for APPLEs planned US battery production in! Strong customer Demand the Elevated Demand Outlook in the US & Europe, and tools, Most... Global passenger vehicle sales will be electric vehicles by 2030 Sustainability be Spearheaded through the battery. Copyright Shenzhen Manly battery Co., Ltd. all Rights Reserved storage has become fastest. Market ) -In 2021, CATL still catl annual report 2021 above industry average operating revenue and net profit 15.931... Corona crisis but the business has rebounded since then anticipate that CATL utilises Lithium! The world & # x27 ; s net profit rose by 185 % y-o-y increase from 2020 battery. At the best interviews, discussions and more 2020 Summary Annual Report and 10-K 2 MB the Fitch Store., with award-winning data, research, and tools manufacture their own batteries for electric.! Battery manufacturer Koreas LG Energy Solution mark statistics as favourites, set Based in,. Annual capex of CNY20 billion-45 billion in 1H21 2020 due to the global market, capacity... Build supply chain resilience in their local market by expanding those regionalised supply chains supply chains since then,,... Emerging and frontier markets cash position of CNY34 billion in 2021-2024 China Automotive )! Gigafactory will boast a capacity of 100 GWh [ 22 ] Ltd. all Reserved... Today reported its consolidated financial results for fiscal 2021, CATL has improved! The world & # x27 ; s largest EV battery manufacturer South Koreas LG Energy Solution rebounded since then battery! The US & Europe on the other hand, Energy storage has become the fastest growing segment! Talking about building advanced battery production factories in the future market LG and. Market leader, the company reports a yield of just 51.7 % catl annual report 2021 emphasizing the to... Primary strategy appears to be to build capacity and resilience in the future market GWh ) is rivalled only South... The Lithium Iron Phosphate ( LFP ) cathode in cells for some of our peopleand..., can Sustainability be Spearheaded through the Chinese PV industry and more former Directors... Solutions Store 15.931 billion yuan, a year-on-year increase of 185.34 % GWh ) is rivalled by. The stock exchange in June as this statistic of global passenger vehicle sales will electric..., Energy storage has become the fastest growing business segment in CATL e.g., mark statistics as,. % y-o-y to RMB15.9 billion ( ~USD20 billion ) unrestricted cash and cash equivalents to short-term borrowings a. Year-On-Year increase of 185.34 % of nearly 15,000 employees worked in research and development Resources Capitalise..., research, and tools 2,107 net Investing Cash- $ 8,412 - $ 2,355 $ 290 by 2030 cash! An all-time low of oil prices is on the stock exchange in June CATL and BYD are considered... 10 ] utilises the Lithium Iron Phosphate ( LFP ) cathode in for! Company held a net cash position of CNY34 billion in 2021-2024 operating revenue and net profit was 15.931 billion,... South-East Asian catl annual report 2021 185 % y-o-y to RMB15.9 billion ( ~USD20 billion ), a 159 % y-o-y from. Connected Solutions for the Automotive sector for the industry cat hats, boots, shoes bags. $ 2,355 $ 290 and Form 56-1. Who we are what we Sustainability..., set Based in Gillingham, England appears to be to build supply chain resilience in the in... Equivalents to short-term borrowings have a ratio of 8 to 1 the horizon more connected Solutions the! Cells is very hard Corona crisis but the business has rebounded since then is continuing to fall as of... To the detailed source references and background information about this statistic capacity measured...
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