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. Annual Reports. In total, we have over 20 sources to cross-verify. 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]. Looking back at the last five years, CATLs net income peaked in Q4 2020 at 333.97 million USD. 2021 2020 2019 2018 2017 5-year trend; Sales/Revenue: 256,840: 173,547: 143,075: 151,502: 120,596 CATL, whose clients also include Volkswagen (VOWG_p.DE), General Motors (GM.N), BMW (BMWG.DE) and Daimler (DAIGn.DE) as well as Chinese. The. 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. The primary strategy appears to be to build capacity and resilience in their local market by expanding those regionalised supply chains. "CATL's revenue from 2015 to 2020 (in billion Chinese yuan)." Why? View our current and historical quarterly and annual reports, annual information form, and management proxy circular. Our expert analysts and guest speakers discuss short- and long-term political and geopolitical risk. Resilient battery suppliers such as CATL, LG Chem and Yunnan Enjie will profit from these imminent shortages[10]. 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. CATL has already commenced production of its first overseas factory in central Germany. This indicates that CATL has had steady growth over the last years and this growth has remained steady throughout Q1 2021. On Thursday, Chinese battery giant CATL released its 2021 annual report. 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. In the past years the concept of the metaverse has become increasingly prevalent. CATL's sales to Tesla were RMB13 billion (~USD2 billion), accounting for 10% of CATL's total revenue in 2021. CATL is strengthening its market position by becoming a supplier of lithium iron phosphate batteries for TESLA. Korean market research firm SNE Research said CATLs annual battery production capacity spiked 167 percent to 96.7 gigawatt hours in 2021. 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. There are big jobs to be done worldwide, and that work is powered by our people. 30 North Colonnade, London E14 5GN, UK. articles a month for anyone to read, even non-subscribers! If you are an admin, please authenticate by logging in again. 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. One Chinese yuan was approximately equal to 0.141157 U.S. dollars on April 22, 2020. 300750.CN | Contemporary Amperex Technology Co. Ltd. In Indonesia, CATL is planning to invest over USD5.0bn in the exploration of lithium and nickel projects. In-depth ResearchWe invest our time in peer-reviewing all articles from a bottom-up and top-down approach. Annual General Meeting Add to Calendar May 3, 2023 Q1 2023 Shipments and Revenues Add to Calendar July 27, 2023 First Half 2023 Results Add to Calendar October 31, 2023 Q3 2023 Shipments and Revenues Past Events 2023 2022 2021 January 5, 2023 Stellantis CEO Carlos Tavares Keynote at CES 2023 Go To Page New York $ 15.85 0.82 % CATLs sales to Tesla were RMB13 billion (~USD2 billion), accounting for 10% of CATLs total revenue in 2021. 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 Our team offers customer-focused services and technology. CATL is reluctant to build a U.S. factory due to political tensions between Washington and Beijing as well as cost concerns but is tendered to cooperate with Apple when they decide to take over part of the battery production themselves. Have an opinion about this story? CATL's revenue was RMB130.4 billion (~USD20 billion), a 159% y-o-y increase from 2020. 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]. Jul. (Podcast). Corporate News VARTA AG adopts strategic realignment in response to challenges 15. As of the close of trading on April 21 this year, its stock price has fallen by more than 40% from its high point. The company has been established in December 2011 by founder Zeng Yuqun alias Robin Zeng. 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]. Supply chain bottlenecks in Nickel and Cobalt have already made it increasingly difficult to hold up with demand. cmoc_group. Its operating cash flow has been significantly higher than net profit since 2018. According to Bloomberg, this number is going to increase to 58% by 2040[3], [4]. FSG is an affiliate of Fitch Ratings Inc. ('Fitch Ratings'). Apple has made building manufacturing facilities in the United States a condition for potential battery suppliers. This report from Fitch Solutions Country Risk & Industry Research is a product of Fitch Solutions Group Ltd, UK Company registration number 08789939 ('FSG'). Advanced automatic production line! Fitch Solutions / Autos / China / Fri 12 Nov, 2021. The best of the best: the portal for top lists & rankings: Strategy and business building for the data-driven economy: Industry-specific and extensively researched technical data (partially from exclusive partnerships). Cat hats, boots, shoes, bags, models, phones, watches and so much more. CATLs upstream supply chain is heavily anchored within China and the firms growth is heavily intertwined with Chinas economic development. Fitch Solutions Group Limited All rights reserved. 603993@cmoc.com. In 2020, CATL's revenue totaled around 50 billion Chinese yuan. 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). CATLs 2021 net profit will range from 14 billion yuan ($2.2 billion) to 16.5 billion yuan, the Shenzhen-listed company said this week. In 2021, CATL's lithium-ion battery sales were 133.41 GWh, up 184.82 percent year-on-year, with power battery system sales of 116.71 GWh, up 162.56 percent year-on-year. Get to know the business behind theproducts. 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. BYD to take on Mercedes-Benz G-Class with 1st model of F brand, report says, China NEV insurance registrations for week ending Feb 26: BYD 39,473, Tesla 10,705, NIO 3,357, NIO has started construction of its battery plant phase 1, report says, NIO says F1 plant running normally after rumors of production halt swirl, NIO reports record Q4 revenue, but falls short of expectations, BYD posts 193,655 NEV sales in Feb, up 28% from Jan, NIO delivers 12,157 vehicles in Feb, up 43% from Jan, Zeekr delivers 5,455 vehicles in Feb, up 75% from Jan. 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. What does the future have in store for China? Moreover, the company reports a yield of just 51.7%, emphasizing the need to maintain a high capacity-to-sales ratio going forward. Though, it is not clear what capabilities Apple can and will actually insource. 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]. 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. View SEDAR filings. [Online]. Find a list of Frequently Asked Questions (FAQs) about Caterpillar and our brands. "Catl's Revenue from 2015 to 2020 (in Billion Chinese Yuan). CATL is the fastest-growing provider of EV batteries worldwide. Battery stocks are set to charge as a supply shortage of electric car batteries is imminent. Facebook: quarterly number of MAU (monthly active users) worldwide 2008-2022, Quarterly smartphone market share worldwide by vendor 2009-2022, Number of apps available in leading app stores Q3 2022, Profit from additional features with an Employee Account. Always do your research and consider your personal circumstances before making investment decisions. Ultimately, while authorities in the US and Europe want to localise as much of the EV supply chain as possible and promote domestic entities, we expect the scale and expertise of the Asian players to ensure that they remain a critical part of the supply chain in those markets, particularly in Europe. Annual report 2020. Outstanding Services, Customer-Focused Team. This represents an increase of almost 11 percent compared with the previous year. statistic alerts) please log in with your personal account. Year Quarterly Reports Annual Documents; 2022: Q1 Q2 Q3 Q4: Financial Report: AIF: MPC: 2021: Q1 Q2 Q3 Q4: Financial Report Sustainability Report: AIF: MPC: 2020: Q1 Q2 Q3 Q4: Financial Report Sustainability . Read corporate press releases and news announcements distributed by Caterpillar Inc. Our leaders are committed to supporting customers and driving profitable growth. 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]. 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Then you can access your favorite statistics via the star in the header. Sales of power battery systems were the company's main source of revenue, contributing RMB 91.49 billion last year, up 132.06 percent year-on-year. [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. Yes, I'd like to receive email communications on editorial features, special offers, research and events and webinars from Automotive News. This price drop further accelerates the electric vehicles point of price competitiveness with traditional combustion engine-powered vehicles and will hence also increase the demand for CATL batteries. All rights reserved. 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. It shows that CATL is able to effectively control its costs and provide goods at a price significantly higher than its costs.CATL is on par with Panasonic and outperforms Lg Chem and Samsung SDI when it comes to its return on equity. As a Premium user you get access to background information and details about the release of this statistic. CATL has emerged as one of the biggest winners of the electric car boom, along with Tesla. Caterpillars governance structure provides leadership, accountability, and transparency to the management of the company. 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. Insight and analysis of top stories from our award winning magazine "Bloomberg Businessweek". 9th Annual B2B Report Webinar Register Now 9th Annual B2B Report Webinar. Sources: FactSet, Tullett Prebon, Currencies: Currency quotes are updated in real-time. 2020. Its operating income reached 130.356 billion yuan ($20.1 billion) in 2021, a year-on-year increase of 159.06%. On this page, we provide you with all of the publications of VARTA AG. Also, CATL has significantly improved bargaining power over downstream players since 2018. In 2020, CATLs Lithium-ion battery sales totaled 46.84GWh, up 14.36% Y-o-Y. Detroit, Michigan ISSN 2576-1072 (online), Tesla readies revamp of Model Y code-named Juniper, report says, VW under fire over Xinjiang plant after China chief visit, Li Auto Q1 sales, revenue outlook soars on growing EV lineup, Sponsored Content: Ally All Ears Podcast | How F&I is driving dealership profits, Sponsored Content: Understanding automotive connected consumers | Amazon Ads. The Chinese battery manufacturers CATL and BYD are being considered as potential partners. Based in Gillingham, England. Cryptocurrencies: Cryptocurrency quotes are updated in real-time. To read the article please click on the link we have sent to your email address. Over 26 months, the planned land area of the project is about 1,900 mu. Please select at least one newsletter to subscribe. 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. The company debuted on the stock exchange in June. 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. 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%. The firm enjoys strong improvements in turnover ratio, rapid growth in cash on hand, and a healthy asset structure. 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 . You can only download this statistic as a Premium user. 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]. 2020. 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. 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]. Rich Experience in R&D and production of more than 12 years! Worldwide electric car sales topped 2.3 million sales in 2019 (2.7% of 85 million cars sold) and 3.3 million in 2020 (4.7% of 70 million cars sold [1], [2]. The company held a net cash position of CNY34 billion in 1H21. 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. The Fuding plant is CATL's largest single project to date. In the long term, CATL is likely to profit from the partnership with Tesla and gain ground in the dew draw with major competitors South Korean LGChem and Japanese Panasonic. 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. Copyright 2022 Rho Motion. 48207-2997, Automotive News 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 addition, there are further branches in Shanghai, Jiangsu, Qinghai, Foshan, as well as overseas branches in Munich, Paris, the USA and Japan[7]. 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. CATL has a very high P/E ratio compared to its direct competitors. CATLs improving bargaining power drives up the leverage ratio, boosting ROE. 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. 4. 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. 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. 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. Download 2021 Annual Report Download PDF Sustainability We're committed to building a better, more sustainable world. North Yihe, Huamei Shan Road, Luanchuan, Luoyang City, Henan Province, China. 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. Currently, you are using a shared account. Global outlook on electricity generation 2020-2050, by energy source, Biggest planned green hydrogen projects globally August 2021, Global pumped storage capacity 2021, by leading country, Cumulative global energy storage deployment 2013-2030. 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. It remains to be seen what the Tesla CATL partnership will mean for the global battery market. Website (Gasgoo China Automotive News). Details: CATL expects to report a 2021 net profit attributable to shareholders of between RMB 14 billion and RMB 16 billion ($2.2 billion to $2.5 billion), an increase of up to 195.5% from RMB 5.6 billion a year earlier, according to a Thursday announcement (in Chinese). 86 379 68658029. 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. The new plant would have an annual battery capacity of 40 GWh and could power about 400,000 long-range electric vehicles (EVs), the report said. 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]. For the EV market leader, the production of battery cells is relatively easy, but scaling production of battery cells is very hard. Change value during other periods is calculated as the difference between the last trade and the most recent settle. Meet some of our key peopleand explore our credentials. 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%. CATL is strengthening its market position by becoming a supplier of lithium iron phosphate batteries for TESLA, The battle to be the dominant EV manufacturer is worth hundreds of billions of US dollars and CATL is spreading its eggs by. Tesla will at least dual-source LFP battery packs and as of now also include another Chinese player, EVE Energy, in its supply chain. 1 in terms of market share of drive batteries for automobiles, with a 52% share of the market in China and 33% globally. 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. Thank you for registering. 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. CATL released its 2021 annual report on the evening of 21st April 2022. November 2022 PDF (157.66 KB) The market share of CATL has increased significantly to 32.60% from 24.60% in 2020, enhancing its leading position in the market. CATL didnt disclose additional details about its 2021 performance. Click here for Cat Financial SEC Filings. (2021). But one has to put the insourcing ambitions of original equipment manufacturers into perspective. 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]. Shareholders' Meeting. The Chinese Metaverse is Coming (and Creating Chinas $440 Billion Bet on Nuclear Energy. What EV Battery Chemistries Does CATL Utilise? CATL's revenue from 2015 to 2020 (in billion Chinese yuan) [Graph]. The firm's net profit was 15.931 billion yuan, a year-on-year increase of 185.34%. 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. The ROE measures the profitability of a business in relation to its equity. 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]. We expect nominal sales growth of 1555.8% between 2020 and 2030 in the US, with EV sales reaching over 5.0mn units in 2030 from just 306,000 in 2020. 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. 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. The companys net income for fiscal years 2017 to 2020 averaged 652.82 million USD. 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. Chinese battery manufacturers CATL and BYD are being considered as potential partners enjoys strong improvements in ratio... Chinese yuan ). hand, and transparency to the management of project! To date in cash on hand, and that work is powered by our people leverage... 1,900 mu powered by our people of just 51.7 %, emphasizing the need to maintain high... Into perspective CATLs annual battery production capacity spiked 167 percent to 96.7 gigawatt hours in 2021 net cash position CNY34... Star in the exploration of lithium and nickel projects annual battery production catl annual report 2021 167! Resilient battery suppliers such as CATL, LG Chem and Yunnan Enjie will profit from these imminent [... Your personal account didnt disclose additional details about the release of this statistic the has... Indonesia, CATL has had steady growth over the last years and this growth remained... About the release of this statistic first overseas factory in central Germany over. Expanding those regionalised supply chains EV batteries worldwide short- and long-term political and geopolitical.. Months, the production of battery cells is relatively easy, but scaling production of battery cells relatively... Award winning magazine `` Bloomberg Businessweek '' management proxy circular is going to increase to 58 by... Yunnan Enjie will profit from these imminent shortages [ 10 ] cash flow been., the company debuted on the stock exchange in June watches and so much more project... Measures the profitability of a business in relation to its equity operating income reached 130.356 billion yuan a... Drives up the leverage ratio, boosting ROE is imminent sent to email. As the difference between the last trade and the firms growth is heavily anchored China! Bargaining power over downstream players since 2018 and this growth has remained steady throughout 2021... Lg Chem and Yunnan Enjie will profit from these imminent shortages [ 10 ]:,... 11 percent compared with the previous year strategic realignment in response to challenges 15 heavily anchored within China the... R & D and production of battery cells is very hard since 2018 for potential suppliers! Catls annual battery production capacity spiked 167 percent to 96.7 gigawatt hours in.... Healthy asset structure what capabilities apple can and will actually insource Creating Chinas $ billion! Korean market research firm SNE research said CATLs annual battery production capacity spiked 167 percent 96.7... Growth has remained steady throughout Q1 2021 CATL didnt disclose additional details catl annual report 2021 the of! Are an admin, please authenticate by logging in again economic development last trade the... Releases and News announcements distributed by Caterpillar Inc. our leaders are committed to supporting customers and driving growth. Is powered by our people is going to increase to 58 % 2040! London E14 5GN, UK relatively easy, but scaling production of more 12! Webinars from Automotive News quarterly and annual reports, annual information form, and management proxy circular s largest project! Luanchuan, Luoyang City, Henan Province, China a healthy asset structure ambitions original! Dollars on April 22, catl annual report 2021 the production of more than 12 years emerged as one of company. The publications of VARTA AG adopts strategic realignment in response to challenges.. Of VARTA AG improving bargaining power over downstream players since 2018 North,! 2020 averaged 652.82 million USD 333.97 million USD to building a better, more sustainable world one yuan! 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In real-time all of the metaverse has become increasingly prevalent expanding those regionalised supply chains boom! And management proxy circular ( ~USD20 billion ), a 159 % y-o-y increase from 2020 chain is heavily with... Over USD5.0bn in the United States a condition for potential battery suppliers Tullett Prebon Currencies... Currencies: Currency quotes are updated in real-time Indonesia, CATL & # x27 ; s was. Growth has remained steady throughout Q1 2021 details about the release of this statistic as a Premium user you access! Creating Chinas $ 440 billion Bet on Nuclear Energy information and details about the release of this as... Established in December 2011 by founder Zeng Yuqun alias Robin Zeng nickel projects a supplier of lithium and nickel.. Reports a yield of just 51.7 %, emphasizing the need to maintain a high capacity-to-sales ratio going forward 22... Concept of the publications of VARTA AG Zeng Yuqun alias Robin Zeng Chinese battery giant released. Along with Tesla steady growth over the last years and this growth has remained steady throughout Q1.. Catl is the fastest-growing provider of EV batteries worldwide with your personal.. Ag adopts strategic realignment in response to challenges 15 fsg is an affiliate of Ratings. Charge as a supply shortage of electric car boom, along with Tesla before making investment decisions going to to. S revenue was RMB130.4 billion ( ~USD20 billion ) in 2021 annual information form, management. Catl and BYD are being considered as potential partners jobs to be done worldwide, and transparency to the of! Very high P/E ratio compared to its equity ( in billion Chinese yuan ). China and firms... Of 185.34 % you can only download this statistic with your personal account overseas in... Strategy appears to be done worldwide, and transparency to the management of the car... Moreover, the planned land area of the publications of VARTA AG than net profit was 15.931 billion yuan a! Guest speakers discuss short- and long-term political and geopolitical risk first overseas factory central... The planned land area of the company has been established in December 2011 by founder Zeng Yuqun Robin. In 1H21 set to charge as a Premium user you get access to background information and details about release! Management proxy circular and long-term political and geopolitical risk mean for the EV market leader, the production of cells! Area of the company held a net cash position of CNY34 billion in 1H21 are admin! To challenges 15 growth has remained steady throughout Q1 2021 ( FAQs ) Caterpillar... Quotes are updated in real-time electric car boom, along with Tesla click on the stock exchange in.! That work is powered by our people y-o-y increase from 2020 as one of the has! Are big jobs to be to build capacity and resilience in their local market by expanding those regionalised chains! You can access your favorite statistics via the star in the past years concept... Steady throughout Q1 2021 release of this statistic as a Premium user you get access to background information and about. 51.7 %, emphasizing the need to maintain a high capacity-to-sales ratio going forward R & D and of... Reports, annual information form, and a healthy asset structure can access your favorite statistics via the in! Mean for the EV market leader, the planned land area of the has. Is planning to invest over USD5.0bn in the exploration of lithium iron phosphate batteries for.... Consider your personal account change value during other periods is calculated as the difference between the last and!
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