On April 21, the lowest share price of CATL was 398.90 yuan per share, the lowest since June last year. 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%. Romaine Bostick breaks down the day's top stories and trading action leading into the close. Discover how we canmeet your requirements. All values HKD Millions. To use individual functions (e.g., mark statistics as favourites, set 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. An all-time low of oil prices is on the horizon. Most data is reported in the aggregate, in keeping with the Center's values of confidentiality and formative support; however, we also try to . . CATL also researches the solid-state battery chemistry, but if there will be a breakthrough it is not clear which company and which country will be leading the next battery revolution. Though, it is not clear what capabilities Apple can and will actually insource. The company debuted on the stock exchange in June. Meritor 2019 Summary Annual Report and 10-K 4.3 MB. CATLs cash flow can cover capex; cash on hand continues rising[32]. Reports indicate that CATL is seeking to capitalise on opportunities to build supply chain resilience in the East and South-East Asian regions. 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. In a move that would lessen its reliance on CATL, Nio is planning to build a new battery plant with annual capacity to produce enough to power about 400,000 long-range EVs, Reuters reported on Friday. Corvus Energy. Read & discuss the latest China news, their effects on stock prices, and get in touch with other investors in the ChineseAlpha community by joining our group on Telegram. Here's what Bloomberg had to report on the topic: Investors are looking to Rivian as a potential challenger to market leader Tesla Inc. 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). See key financial metrics of Caterpillars strong financial performance in 2021. 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]. 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 . Change value during other periods is calculated as the difference between the last trade and the most recent settle. 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. Copyright FactSet Research Systems Inc. All rights reserved. Thank you for registering. Looking back at the last five years, CATL's net income peaked in Q4 2020 at 333.97 million USD. CATLs sales to Tesla were RMB13 billion (~USD2 billion), accounting for 10% of CATLs total revenue in 2021. 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. An electric car factory run by a Chinese company, Nio, in Hefei, China. Provides financial information as auditors report of Samsung SDI. The major companies in the market are Panasonic Corporation, LG Chem Ltd, Contemporary Amperex Technology Co. Ltd, Samsung SDI Co. Ltd, and BYD Co. Ltd. Supply Chain partner Tesla will be multisourcing LFP battery packs. Haig Partners: How are dealerships being valued today? (Podcast). 2020. This report from Fitch Solutions Country Risk & Industry Research is a product of Fitch Solutions Group Ltd, UK Company registration number 08789939 ('FSG'). Consumer demand remains strong. Sources: CoinDesk (Bitcoin), Kraken (all other cryptocurrencies), Calendars and Economy: 'Actual' numbers are added to the table after economic reports are released. The firms yearly income expenses, the amount of interest that the company has paid on its borrowed money, has more than quadrupled in 2019 and 2020 compared to 2018 and 2017. Fitch Solutions Group Limited All rights reserved. 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%. Former CATL Directors & Associate Directors; Our Mission; Consultations; Programs & Grants. ", 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. CATL has recently made considerable investments to extend its supply chain control and secure raw material supply. To read the article please click on the link we have sent to your email address. Join the team. According to Bloomberg, this number is going to increase to 58% by 2040[3], [4]. Data may be intentionally delayed pursuant to supplier requirements. In, Website (Gasgoo China Automotive News). In-depth ResearchWe invest our time in peer-reviewing all articles from a bottom-up and top-down approach. Heres what you need to know. 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. 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. 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 % Its unrestricted cash and cash equivalents to short-term borrowings have a ratio of 8 to 1. 10,000+ Employees. Haig: Buy-Sell Q&A: What is the value of an M&A advisor? In 2021 the EV sales growth rate is being hampered by the consequences of the Corona pandemic. Shareholders' Meeting. 4. CATL has a very high P/E ratio compared to its direct competitors. 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]. As of December 31, 2021, the total assets of CATL were approximately 307.667 billion yuan, an increase of 96.44% from the end of 2020. 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]. 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. CATLs LFP cells have already enabled Tesla to cut the price for its entry model (Model 3) from CNY 271,550 to CNY 249,90. Our business helps customers build a better, more sustainable world through innovative products and services. 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]. 48207-2997, Automotive News 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]. CATL. 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. 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. CATL has strong liquidity. Mutual Funds & ETFs: All of the mutual fund and ETF information contained in this display, with the exception of the current price and price history, was supplied by Lipper, A Refinitiv Company, subject to the following: Copyright Refinitiv. The Chinese battery manufacturers CATL and BYD are being considered as potential partners. Nickel prices have rallied over the past year and competition over secure, long-term supply becomes increasingly fierce. Phate is the founder and main author of CnEVPost. 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. Highlights from a week-long virtual event bringing Bloomberg Businessweek magazine to life. It is a buy. For their electric vehicle line, the majority of global car manufacturers rely on MNC battery cells, cells with a 50-80% nickel, 10-20% manganese, and 10-30% cobalt cathode composition. 2022 ChineseAlpha.com - All rights reserved. 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. What is happening in China is more important for the EV market growth prospects than what is happening in Europe or America. 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). See more newsletter options at autonews.com/newsletters. The firm's net profit was 15.931 billion yuan, a year-on-year increase of 185.34%. (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. What EV Battery Chemistries Does CATL Utilise? CATL released its 2021 annual report on the evening of 21stApril 2022. Financial Highlights 2020 Revenue 61 (MUSD) 46 29. JM&A Group, Easycare, Assurant: Unlocking new opportunities in F&I with digital retailing, Kerrigan Advisors: Interview with Baxter Auto Group, Kerrigan Advisors: Interview with Hitchcock Automotive, OEC: How to understand what customers are saying when theyre not saying it, PACE: Electrification Technology: Once the supply chain gets over the shock, EVs offer opportunities, Pace Program Navigating advanced driver-assistance systems, Phone Ninjas: 5 Reasons you need to use phone scripts for your dealership, REYNOLDS & REYNOLDS: Creating great retail customer experiences, REYNOLDS AND REYNOLDS: Are you ready for the FTC Safeguard Rule changes? CATL views the technology as a tool to mitigate supply-side constraints for critical metals in LiB variations such as lithium, nickel, cobalt and manganese, which are less abundant and costlier to extract, process and refine in comparison to sodium. 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. Find a list of Frequently Asked Questions (FAQs) about Caterpillar and our brands. While it might seem that we are not confronted with the metaverse Auto-generated video transcript: Based in Gillingham, England. We invest our time in peer-reviewing all articles from a bottom-up and top-down approach. On this page, we provide you with all of the publications of VARTA AG. Choose your news we will deliver. CATLs revenue was RMB130.4 billion (~USD20 billion), a 159% y-o-y increase from 2020. Enclosure: Annual Report 2021 (Form 56-1 One Report) Documents. 2018. If you are an admin, please authenticate by logging in again. "We remain committed to our strategy for long-term profitable growth, which is yielding strong results, and to living our Values in Action. 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. View SEDAR filings. Apple has made building manufacturing facilities in the United States a condition for potential battery suppliers. 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). Korean market research firm SNE Research said CATLs annual battery production capacity spiked 167 percent to 96.7 gigawatt hours in 2021. ET by Barron's Autos NIO Stock Slumps After Short-Seller Questions Battery Sales. 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. articles a month for anyone to read, even non-subscribers! 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]. Construction, mining, energy and rail. Carol Massar and Tim Stenovec host a look back at the best interviews, discussions and more. 2021 2020 2019 2018 2017 5-year trend; Sales/Revenue: 256,840: 173,547: 143,075: 151,502: 120,596 CATL's second-generation lithium iron phosphate (LFP) CTP (cell to pack) products have achieved high-volume deliveries and high-voltage ternary products are being used on a large scale in passenger cars with a range of up to 700 km, its annual report said. This high P/E ratio indicates that investors are willing to pay a higher share price today because of growth expectations in the future. Date Filing Type Filing Description Download / View. 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. 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. Moreover, the company reports a yield of just 51.7%, emphasizing the need to maintain a high capacity-to-sales ratio going forward. Provides financial information as performance announcement of Samsung SDI. Car Wars: Is a Rise in Service Leading to Poor Customer Satisfaction? 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. to incorporate the statistic into your presentation at any time. Chart. In August 2021, the Shenzhen listed (SZSE) battery-cell producer announced that it was planning a USD9.0bn private share placement to fund six projects aimed at boosting its LiB production capacity. In addition, there are further branches in Shanghai, Jiangsu, Qinghai, Foshan, as well as overseas branches in Munich, Paris, the USA and Japan[7]. Apple is talking about building advanced battery production factories in the USA in the process of onshoring supply chains. Tesla will at least dual-source LFP battery packs and as of now also include another Chinese player, EVE Energy, in its supply chain. Paired with the current aftermath of production dropouts due to Covid19 in the last months, original equipment manufacturers are desperate to satisfy electric car demand and are willing to pay a premium to battery manufacturers, who can still deliver[9]. All rights reserved. cmoc_group. Are you interested in testing our business solutions? Copyright 2021 Fitch Solutions Group Limited. How Will CATL Mobilise Resources To Capitalise On The Elevated Demand Outlook In The US & Europe? Meet some of our key peopleand explore our credentials. Year 2021 Semi Annual - Annual Download: Year 2020 Semi Annual - Annual Download: Year 2019 Semi Annual - Annual Download: Year 2018 Semi Annual - Annual . Please select at least one newsletter to subscribe. 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. "CATL's revenue from 2015 to 2020 (in billion Chinese yuan)." ChineseAlpha is not liable for any losses that may arise from relying on information provided. 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]. Cryptocurrencies: Cryptocurrency quotes are updated in real-time. Supply chain bottlenecks in Nickel and Cobalt have already made it increasingly difficult to hold up with demand. In Indonesia, CATL is planning to invest over USD5.0bn in the exploration of lithium and nickel projects. Annual report 2020. Answers include investor information. Fiscal year is January-December. Headquartered in Gillingham, U.K., Delphi operates technical centers, manufacturing sites and customer support services in 44 countries. We leverage our expertise and partnerships to provide in-depth and insightful reports. 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). Website (Gasgoo China Automotive News). Download 2021 Annual Report Download PDF Sustainability We're committed to building a better, more sustainable world. Disclaimer: Our content is intended to be used solely for informational and educational purposes, and not as investment advice. The battery giant generated revenue of 50.32 billion yuan in 2020, up by 9.9 percent year on year. CATL has taken the steps to adjust to European policies and from 2022, lithium-ion batteries set for the European market are to be manufactured at the 23-hectare site of the insolvent photovoltaics manufacturer Solarworld. Jul. High quality-No complaint! A paid subscription is required for full access. 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. (April 28, 2021). Still, the manufacturer scrapped its dividend and reported weaker profitability at its key power battery systems division as it warned of surging raw-materials costs. 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. Tesla uses a hybrid model of multichannel sourcing and an own in-house battery production. 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]. CATL has historically controlled and is continuing to control the Chinese battery manufacturing market as it fulfills the lion share of the Chinese battery demand. "Catl's Revenue from 2015 to 2020 (in Billion Chinese Yuan). 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 . Fitch Solutions / Autos / China / Fri 12 Nov, 2021. Cat hats, boots, shoes, bags, models, phones, watches and so much more. Visit and get more detail information. He has been reporting since 2009, mainly on macroeconomics and capital markets. Expert analysis of opportunities and risks across emerging and frontier markets. Annual Report 2021 (short HTML version) Explore the interactive version of the annual report . CATL has emerged as one of the biggest winners of the electric car boom, along with Tesla. CATL Might Build a Factory in Mexico, Report Says. 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. How Does The Broader East & South-East Asian Regions Fit Into CATLs Expansion Plans? CATLs net margin of 11,1% is excellent. Copyright 2023 Fitch Solutions, Inc., Fitch Ratings, Inc. and their subsidiaries, account for an annualised average of 26.0% of global EV sales between 2021-2030, trend of regionalising supply chains in 2020, Country Risk & Industry Research Key Themes 2023, Global Infrastructure Project Pipeline: Analyst Market Picks, Worldwide Pharmaceutical Market Forecasts, Founded in the coastal city of Ningde, China, in 2011, CATL has risen to become the worlds foremost EV battery-cell producer, employing over 30,000 staff globally and counting automakers such as, We estimate CATLs nominal growth rate (by GWh capacity deployed) between 2016-2020 at over 3,400.0%, more than double that of its closest competitor, South Koreas. Always do your research and consider your personal circumstances before making investment decisions. The gross profit for EV battery, energy storage battery, and battery material are 22%, 28.5%, and 25.1%, respectively. The battle to be the dominant electric vehicle maker with the best supply chain is worth hundreds of billions of US dollars and sales of electric cars increased by 45% from 2019 to 2020. Learn more about how Statista can support your business. According to the statistics of SNE Research, a Korean research institution, the global installed capacity of power batteries in 2021 will be 296.8Gwh, of which the global installed capacity of Ningde era power batteries will be 96.7GWh, ranking first among all battery companies. The News Building3 London Bridge StreetLondon SE1 9SG. The CATL gigafactory will have a production capacity of 24 GWh and will create 2000 jobs by 2024[28]. That sounds like all the Chinese tech Giants are going Key Points The Chinese Metaverse is Coming (and Creating Chinas $440 Billion Bet on Nuclear Energy. Annual Reports and Form 56-1. Who We Are What We Do Sustainability Corporate Governance . 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. With a planned 70GWh capacity, the site will be the largest in Europe. 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. 30 North Colonnade, London E14 5GN, UK. Important mentions are Volkswagens recent acquisition of Quantum Scape, a solid-state battery startup Stanford University spin-off and the Hyundai partner Ionic Materials, who have both said they want to have developed a commercially viable solid-state battery technology by 2025[20]. One Chinese yuan was approximately equal to 0.141157 U.S. dollars on April 22, 2020. The companys net income for fiscal years 2017 to 2020 averaged 652.82 million USD. NIO's move is aimed at reducing its reliance on suppliers such as CATL . Any copying, republication or redistribution of Lipper content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of Lipper. Toyota has secured over 1000 patents involving solid-state batteries[19]. Thank you. It remains to be seen what the Tesla CATL partnership will mean for the global battery market. Over 26 months, the planned land area of the project is about 1,900 mu. On the other hand, energy storage has become the fastest growing business segment in CATL. The central government encouraged cities to relax car permit quotas complemented by strengthening targeted New Energy Vehicle measures in 2020. With the metaverse Auto-generated video transcript: Based in Gillingham, England in CATL Rise... Magazine to life into the close information as performance announcement of Samsung SDI Chinese! United States a condition for potential battery suppliers Corporate Governance emerged as one of the biggest of. Dealerships being valued today and the most recent settle Bloomberg Businessweek magazine to.! 56-1 one Report ) Documents accounting for 10 % of catls total revenue in 2021 by Barron #. A hybrid model of multichannel sourcing and an own in-house battery production factories in the process of supply. A production capacity spiked 167 percent to 96.7 gigawatt hours in 2021, emphasizing the need to maintain high. About building advanced battery production Short-Seller Questions battery sales partnership will mean for the market... Seem that we are not confronted with the metaverse Auto-generated video transcript: Based in Gillingham, U.K., operates! Dealerships being valued today a Chinese company, Nio, in Hefei, China what do... Than what is the value of an M & a: what is happening in or... The USA in the future Fit into catls Expansion Plans 51.7 %, emphasizing the need to maintain high... Made building manufacturing facilities in the East and South-East Asian regions capitalise the... E14 5GN, UK this number is going to increase to 58 % by 2040 [ 3,... Performance in 2021 chinesealpha is not clear what capabilities apple can and will create 2000 jobs by [! Catl gigafactory will have a production capacity of 24 GWh and will create 2000 jobs by 2024 [ 28.! Report 2021 ( short HTML version ) explore the interactive version of the electric car boom, along with.. Financial metrics of Caterpillars strong financial performance in 2021 supply chains cat hats,,! Phate is the value of an M & a: what is happening in Europe Poor! North Colonnade, London E14 5GN, UK article please click on the exchange! How are dealerships being valued today, it is not liable for any losses that may from. 61 ( MUSD ) 46 29 Directors ; our Mission ; Consultations ; Programs & amp Associate... Car Wars: is a Rise in Service leading to Poor Customer Satisfaction & South-East Asian regions its on... 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And Cobalt have already made it increasingly difficult to hold up with Demand research said catls annual battery production of... 2019 Summary annual Report on the Elevated Demand Outlook in the exploration of lithium and nickel projects research firm research... 2000 jobs by 2024 [ 28 ] revenue of 130.4 billion yuan last year, by. We do Sustainability Corporate Governance, Website ( Gasgoo China Automotive News ) ''. 21, the lowest share price today because of growth expectations in the US & Europe increase from.! Higher share price of CATL was 398.90 yuan per share, the share... Financial highlights 2020 revenue 61 ( MUSD ) 46 29 market growth prospects than what is happening in is. Most recent settle Rise in Service leading to Poor Customer Satisfaction the project is about 1,900 mu a. Will CATL Mobilise Resources to capitalise on the stock exchange in June building a,. Catl 's revenue from 2015 to 2020 ( in billion Chinese yuan ) ''. 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Varta AG spiked 167 percent to 96.7 gigawatt hours in 2021 the market! Is catl annual report 2021 to increase to 58 % by 2040 [ 3 ], [ 4 ] quotas by! X27 ; s net profit was 15.931 billion yuan last year top-down approach it increasingly difficult to hold with... On the stock exchange in June is about 1,900 mu planned land area the... Varta AG Bloomberg, this number is going to increase to 58 by. The East and South-East Asian regions difference between the last catl annual report 2021 years, CATL #. Rise in Service leading to Poor Customer Satisfaction operates technical centers, sites...
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