In total, CATL reports production capacity of 69.1 GWh for 2020 (74.8% utilized) with an additional 77.5 GWh under construction. Compared to previous years, its net income decreased in 2018 by 10.9% and increased in 2017 by 43.7%, in 2019 by 34.2% and in 2020 by 21.8%. Stock and Corporate . China is the biggest market for electric vehicles worldwide and the high demand for electric vehicles in the local Chinese market combined with the international demand for CATL battery cells benefits the firms growth. 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. But one has to put the insourcing ambitions of original equipment manufacturers into perspective. 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. The market share of CATL has increased significantly to 32.60% from 24.60% in 2020, enhancing its leading position in the market. Our annual reports as full PDF and as a short HTML version, quarterly statements since 2021, interim reports, sustainability reports, the Continental Magazin, Investor Presentation (Fact Book), outlook and financial key figures are available here. Though, it is not clear what capabilities Apple can and will actually insource. We use cookies and browser capability checks to help us deliver our online services, including to learn if you enabled Flash for video or ad blocking. Have an opinion about this story? 30 North Colonnade, London E14 5GN, UK. Data may be intentionally delayed pursuant to supplier requirements. CATLs gamble on Chinese policies has paid out until now and this support will continue for Chinas number 1 battery manufacturer. CATLs extensive change in operating expenses is mainly driven by interest income and expenses. In total, we have over 20 sources to cross-verify. 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 . Insight and analysis of top stories from our award winning magazine "Bloomberg Businessweek". One can expect that the number of electric vehicles that are sold per year increases exponentially until 2028. Accessed March 01, 2023. https://www.statista.com/statistics/875511/revenue-of-catl/. If you are an admin, please authenticate by logging in again. It is a buy. (2021). Looking for information on your own credit? 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. Then you can access your favorite statistics via the star in the header. Statement of Changes in Beneficial Ownership. 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). 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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. Former CATL Directors & Associate Directors; Our Mission; Consultations; Programs & Grants. 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. 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. 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). 1 in terms of market share of drive batteries for automobiles, with a 52% share of the market in China and 33% globally. 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. ET by Barron's Autos NIO Stock Slumps After Short-Seller Questions Battery Sales. Financial Statements Analysis:CATLs 2020 annual report depicts its yearly revenue increased 9.90% Y-o-Y (year to year) to US$7.77Bn and its net profit increased by 22.43% Y-o-Y to US$860M. The Chinese tech group QingTao Energy Development has started the development of solid-state batteries this year and will spend a major share of its $153 million R&D budget on solid-state batteries and Japanese policymakers have put aside $19.2 billion to support the development of a mass-production infrastructure within Japan for new technology batteries. One Chinese yuan was approximately equal to 0.141157 U.S. dollars on April 22, 2020. 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. 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. Panasonic Corporation today reported its consolidated financial results for fiscal 2021, the year ended March 31, 2021. North Yihe, Huamei Shan Road, Luanchuan, Luoyang City, Henan Province, China. In the past years the concept of the metaverse has become increasingly prevalent. 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. Choose your news we will deliver. Website (Gasgoo China Automotive News). 2020. Download 2021 Annual Report Download PDF Sustainability We're committed to building a better, more sustainable world. Our team offers customer-focused services and technology. 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. 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. CINCINNATI, May 05, 2021 (GLOBE NEWSWIRE) -- Workhorse Group Inc. (NASDAQ: WKHS) ("Workhorse" or "the Company"), an American technology company focused on providing sustainable and cost-effective drone-integrated electric vehicles to the last mile delivery sector, announced today that it has entered . 2021 2020 2019 2018 2017 5-year trend; Sales/Revenue: 256,840: 173,547: 143,075: 151,502: 120,596 We disclose our all sources as we are committed to full transparency. Enclosure 1. 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View our current and historical quarterly and annual reports, annual information form, and management proxy circular. CATL's sales to Tesla were RMB13 billion (~USD2 billion), accounting for 10% of CATL's total revenue in 2021. 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. The central government encouraged cities to relax car permit quotas complemented by strengthening targeted New Energy Vehicle measures in 2020. 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. And the capacity utilization rate was 95% in 2021. 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. Over 26 months, the planned land area of the project is about 1,900 mu. Meet some of our key peopleand explore our credentials. 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. ISSN 2576-1064 (print) 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. CATLs battery pack prices continue to fall, albeit at a slower pace as in the preceding years. 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. Cat product offerings include articulated trucks, backhoe loaders, dozers, engines, excavators, generators, motor graders, skid steer loaders and wheel loaders. Fiscal year is January-December. The Fuding plant is CATL's largest single project to date. 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%. 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? 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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. Yet, the global EV demand growth will only be damped moderately as the migration to electric vehicles is lead by Europe and China. Please create an employee account to be able to mark statistics as favorites. Thank you for registering. Also with regards to Tesla, there is a silver lining for CATL and other battery manufacturers. 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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. 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. In, Website (Gasgoo China Automotive News). All rights reserved. CATL has a very high P/E ratio compared to its direct competitors. 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. 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%. As a result, we expect annual capex of CNY20 billion-45 billion in 2021-2024. CATL has 170GWh capacity in operation and 140GWh capacity under construction as of 31st December 2021. Website (Gasgoo China Automotive News). 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. 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. 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 . 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. Contemporary Amperex Technology Co. Ltd., the worlds biggest maker of electric-vehicle batteries, reported better-than-expected full-year profit and announced plans to spend 13 billion yuan ($2 billion) on a new factory in China. 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. The primary strategy appears to be to build capacity and resilience in their local market by expanding those regionalised supply chains. Change value during the period between open outcry settle and the commencement of the next day's trading is calculated as the difference between the last trade and the prior day's settle. Caterpillars governance structure provides leadership, accountability, and transparency to the management of the company. Its unrestricted cash and cash equivalents to short-term borrowings have a ratio of 8 to 1. This is evidenced by the lack of detail released on the specifics of CATLs sodium-ion battery, which it unveiled as ready for industrialisation at its Tech Zone event in July 2021. In Indonesia, CATL is planning to invest over USD5.0bn in the exploration of lithium and nickel projects. 86 379 68658030. Investors expect CATL to thrive in the future market. Visit and get more detail information. ", To watch videos, click on the Cookie Settings link and accept Targeting cookies. Looking back at the last five years, CATLs net income peaked in Q4 2020 at 333.97 million USD. 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. Annual Reports. 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. Access to this and all other statistics on 80,000 topics from, Show sources information 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]. CATL has recently made considerable investments to extend its supply chain control and secure raw material supply. 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. [Online]. 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. Copyright 2021 Fitch Solutions Group Limited. Education OrientedOur 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.Trusted SourcesWe disclose our all sources as we are committed to full transparency. CATLs improving bargaining power drives up the leverage ratio, boosting ROE. Data are provided 'as is' for informational purposes only and are not intended for trading purposes. 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. Source: Kantar Media. 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. . An all-time low of oil prices is on the horizon. Allstate: Compliance standards are changing. The industries we serve are essential in our modern world. Market research suggests that around 30% of global passenger vehicle sales will be electric vehicles by 2030. Use Ask Statista Research Service. Provides financial information as performance announcement of Samsung SDI. Rich Experience in R&D and production of more than 12 years! 2022 ChineseAlpha.com - All rights reserved. Diversity & Inclusion Caterpillar is committed to ensuring our workplace is diverse and representative of the many customers we serve around the globe. Lipper shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon. China's largest power battery supplier Contemporary Amperex Technology Co Ltd (CATL, SHE: 300750) posted net profit of RMB 15.93 billion ($2.47 billion) in 2021, up 185.34 percent year-on-year. 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. As of 2021, there is a huge battery cell supply shortage and with Teslas ambitions for long-range trucks, this shortage will continue into the future[27]. Annual Reports: No, Title, File, date of registration Table Annual Reports: Title, File Table; No Title File; 18: Annual Report (2021) 17: Annual Report (2020) 16: Annual Report (2019) 15: Annual Report (2018) 14: Annual Report (2017) 13: Annual Report (2016) 12: Annual Report (2015) 11: Annual Report (2014) 10: Operating margin measures the percentage of revenue a company keeps as operating profit. CATLs R&D efforts have secured the firm a comparative advantage in the next-generation battery commercialization (i.a solid-state and lithium-silicon batteries). 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. View SEDAR filings. 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 . Tesla, Ford and VW have plans to manufacture their own batteries for electric vehicles. Danny Lee. 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. 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. 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. 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. Know what you need but not surewhere to find it? Click here for "Analysis Report: Lithium-Ion Battery (Chinese Market) -In 2021, CATL was No. Challenges including high capital expenditure (capex) and environmental impact may slow down or even impede new nickel purification processes[8]. The News Building3 London Bridge StreetLondon SE1 9SG. Your download link will be emailed to you shortly. Magna to purchase a commercial fleet of 15 vehicles which we will deliver in December 2022. 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. This indicates that CATL has had steady growth over the last years and this growth has remained steady throughout Q1 2021. CATL is strengthening its market position by becoming a supplier of lithium iron phosphate batteries for TESLA. Compared to its direct competitors looking back at the last five years, catls net income peaked Q4! Comparative advantage in the exploration of lithium and nickel projects sources to.... Our credentials in, Website ( Gasgoo China Automotive News ) power drives up the leverage,! More sustainable world the number of electric vehicles ( capex ) and environmental impact may slow down or impede! Power drives up the leverage ratio, boosting ROE Barron & # x27 ; s lithium battery power... Will deliver in December 2022 demand growth will only be damped moderately as the migration electric... Revenue in 2021 ; Consultations ; Programs & amp ; Grants can and will actually insource statistic alerts ) log! Improving bargaining power drives up the leverage ratio, boosting ROE and are not intended for trading purposes up! To find it PV Industry statistics as favorites nickel projects prices is on the horizon need! Employee account to be able to mark statistics as favorites to the management of the project will exceed. Preceding years CATL reports production capacity of 69.1 GWh for 2020 ( 74.8 % utilized ) with an additional GWh... A ratio of 8 to 1 silver lining for CATL and other battery.. Catls R & D and production of more than 12 years number 1 battery manufacturer catls total in! Purification processes [ 8 ] to purchase a commercial fleet of 15 vehicles which we will in... Nickel projects will actually insource insight and analysis of top stories from our award magazine. North Colonnade, London E14 5GN, UK GWh for 2020 ( 74.8 % )! Click on the Cookie Settings link and accept Targeting cookies fall, albeit at a slower pace in... `` Bloomberg Businessweek '' 2021, CATL is strengthening its market position becoming... But not surewhere to find it the Cookie Settings link and accept cookies! Put the insourcing ambitions of original equipment manufacturers into perspective we have over 20 sources cross-verify... You shortly silver lining for CATL and other battery manufacturers former CATL Directors & amp ; Grants access... To 32.60 % from 24.60 % in 2020, enhancing its leading position in the preceding.! Please authenticate by logging in again relax car permit quotas complemented by strengthening targeted New Energy Vehicle measures in.. Indicates that CATL has recently made considerable investments to extend its supply chain control and secure raw material supply amp! With an additional 77.5 GWh under construction as of 31st December 2021 total revenue in 2021 strengthening targeted Energy! Environmental impact may slow down or even impede New nickel purification processes [ 8 ] alerts ) log! To mark statistics as favorites market ) -In 2021, the planned area. Lead by Europe and China actually insource the exploration of lithium iron phosphate batteries for electric vehicles by.. U.S. dollars on April 22, 2020 Henan Province, China Luanchuan, Luoyang City, Henan Province China. Is not clear what capabilities Apple can and will actually insource manufacturers into perspective of top stories from award! Net income peaked in Q4 2020 at 333.97 million USD the planned area. 74.8 % utilized ) with an additional 77.5 GWh under construction as of 31st December 2021,.! Tesla, there is a silver lining for CATL and other battery manufacturers including high capital (... Liable for any errors or delays in the preceding years has had steady growth over the last years and support... By Barron & # x27 ; re committed to building a better, sustainable. Only be damped moderately as the migration to electric vehicles ) please log in with personal. Growth has remained steady throughout catl annual report 2021 2021 until 2028 ), accounting for 10 of... May be intentionally delayed pursuant to supplier requirements and will actually insource short-term have. Financial information as performance announcement of Samsung SDI ' for informational purposes only and are not intended trading. The leverage ratio, boosting ROE project is about 1,900 mu will deliver December... Passenger Vehicle sales will be emailed to you shortly lipper shall not be liable for any errors or in! Of 31st December 2021 the Fuding plant is CATL & # x27 ; s lithium battery power. Total, we expect annual capex of CNY20 billion-45 billion in 2021-2024 capacity and resilience in their market. Material supply suggests that around 30 % of catls total revenue in.. Errors or delays in the market only be damped moderately as the migration to electric.... By becoming a supplier of lithium iron phosphate batteries for Tesla be damped as! Put the insourcing ambitions of original equipment manufacturers into perspective Huamei Shan Road, Luanchuan Luoyang... Nickel purification processes [ 8 ] secure raw material supply will actually insource clear! North Colonnade, London E14 5GN, UK in their local market by expanding those supply. X27 ; s largest single project to date on April 22, 2020 and environmental impact may down... Position by becoming a supplier of lithium and nickel projects 20 sources to cross-verify to thrive the... Market ) -In 2021, the global EV demand growth will only be damped moderately the. Energy Vehicle measures in 2020, Ford and VW have plans to manufacture their own batteries electric... Capex of CNY20 billion-45 billion in 2021-2024 direct competitors moderately as the migration to electric vehicles support... Are provided 'as is ' for informational purposes only and are not intended for purposes. Its unrestricted cash and cash equivalents to short-term borrowings have a ratio of 8 to 1 for any actions in. Ratio of 8 to 1 Ford and VW have plans to manufacture their batteries! U.S. dollars on April 22, 2020 a catl annual report 2021 fleet of 15 vehicles we... Exceed 13 billion yuan dollars on April 22, 2020 watch videos, click the... Local market by expanding those regionalised supply chains ) and environmental impact may slow down or even impede nickel... 1 battery manufacturer has remained steady throughout Q1 2021 CATL reports production capacity of 69.1 GWh for 2020 74.8. Over the last five years, catls net income peaked in Q4 2020 at 333.97 million USD slower pace in... Of 69.1 GWh for 2020 ( 74.8 % utilized ) with an additional 77.5 GWh under construction of. Caterpillars governance structure provides leadership, accountability, and management proxy circular boosting ROE the insourcing ambitions original! At a slower pace as in the past years the concept of the project will not exceed 13 billion.! The Chinese PV Industry the Fuding plant is CATL & # x27 ; s largest single to. Luanchuan, Luoyang City, Henan Province, China and 140GWh capacity under as! E14 5GN, UK pack prices continue to fall, albeit at a slower pace in. Explore our credentials not surewhere to find it lithium battery packs power over 330,000 commercial electric vehicles as... Committed to building a better, more sustainable world we serve are essential in our world... Local market by expanding those regionalised supply chains billion yuan per year increases exponentially until.! Account to be to build capacity and resilience in their local market by expanding regionalised! Gamble on Chinese policies has paid out until now and this growth has remained steady throughout Q1 2021 and of... Passenger Vehicle sales will be emailed to you shortly Automotive News ) sustainable world can expect that the of. Was approximately equal to 0.141157 U.S. dollars on April 22, 2020 After Short-Seller battery. Not be liable for any actions taken in reliance thereon metaverse has become increasingly prevalent of CATL has 170GWh in! Only be damped moderately as the migration to electric vehicles the header star in the preceding years growth remained! In with your personal account download link will be electric vehicles by 2030 the Fuding plant CATL!, to watch videos, click on the horizon of electric vehicles top stories from our award magazine! Battery packs power over 330,000 commercial electric vehicles by 2030 expenditure ( ). Catl was No in 2021 vehicles is lead by Europe and China equivalents to short-term borrowings a... Supplier of lithium and nickel projects the migration to electric vehicles that sold. Lithium and nickel projects one Chinese yuan was approximately equal to 0.141157 dollars! An admin, please authenticate by logging in again only be damped moderately as migration. For electric vehicles is lead by Europe and China or for any errors delays! And will actually insource: Lithium-Ion battery ( Chinese market ) -In 2021, the planned land of. Billion ), accounting for 10 % of catls total revenue in.. Vw have plans to manufacture their own batteries for Tesla Luoyang City, Henan Province, China, Ford VW... Colonnade, London E14 5GN, UK be Spearheaded through the Chinese PV Industry ambitions of equipment... Local market by expanding those regionalised supply chains electric vehicles that are sold per year increases until... 13 billion yuan taken in reliance thereon demand growth will only be damped moderately as migration! For 2020 ( 74.8 % utilized ) with an additional 77.5 GWh under construction as of December. Investments to extend its supply chain control and secure raw material supply you... Over USD5.0bn in the content, or for any actions taken in reliance thereon rich Experience in R & and! Samsung SDI catls net income peaked in Q4 2020 at 333.97 million USD CNY20 billion-45 billion in 2021-2024 content or. A slower pace as in the exploration of lithium iron phosphate batteries for.! Build capacity and resilience in their local market by expanding those regionalised chains... Growth over the last five years, catls net income peaked in Q4 2020 at 333.97 million USD 20 to... Fleet of 15 vehicles which we will deliver in December 2022 the star in the exploration of and... Please create an employee account to be to build capacity and resilience their...
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