catl annual report 2021

The companys net income for fiscal years 2017 to 2020 averaged 652.82 million USD. 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. According to CATL's H1 2021 financial announcement: - Revenue rose by 134.1%, reaching CNY 44.1 billion. Caterpillar is committed to ensuring our workplace is diverse and representative of the many customers we serve around the globe. 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 . Thank you for registering. The company's supply framework agreement with Tesla, signed in June 2021, provides for the company to supply products to Tesla from 2022 to 2025, the annual report said. You can only download this statistic as a Premium user. The. Looking back at the last five years, CATL's net income peaked in Q4 2020 at 333.97 million USD. Fitch Solutions / Autos / China / Fri 12 Nov, 2021. Cat product offerings include articulated trucks, backhoe loaders, dozers, engines, excavators, generators, motor graders, skid steer loaders and wheel loaders. Its operating cash flow has been significantly higher than net profit since 2018. The net profit rose by 185% y-o-y to RMB15.9 billion (~USD2.45 billion). He has been reporting since 2009, mainly on macroeconomics and capital markets. Answers include investor information. News Corp is a global, diversified media and information services company focused on creating and distributing authoritative and engaging content and other products and services. 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]. Its shares have risen some 18% this year as sales soar. Sources: CoinDesk (Bitcoin), Kraken (all other cryptocurrencies), Calendars and Economy: 'Actual' numbers are added to the table after economic reports are released. The company has been established in December 2011 by founder Zeng Yuqun alias Robin Zeng. Rich Experience in R&D and production of more than 12 years! We expect worldwide EV sales to fall between 4 million and 4.3 million cars for this year. Copyright FactSet Research Systems Inc. All rights reserved. Change value during other periods is calculated as the difference between the last trade and the most recent settle. We meet customers where they are with our tailored solutions. April 28, 2021. In total, we have over 20 sources to cross-verify. 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. 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. February 15, 2023. 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. 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. 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. 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]. Here's what Bloomberg had to report on the topic: Investors are looking to Rivian as a potential challenger to market leader Tesla Inc. CMOCgroup 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. 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. As a result, we expect annual capex of CNY20 billion-45 billion in 2021-2024. Apple is talking about building advanced battery production factories in the USA in the process of onshoring supply chains. Sign up and get the best of Automotive News delivered straight to your email inbox, free of charge. 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). Details of Directors, Executive, Controlling Person, Person in charge of Finance and Accounting, Head of Controller and Company Secretary . 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. 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. articles a month for anyone to read, even non-subscribers! CATLs upstream supply chain is heavily anchored within China and the firms growth is heavily intertwined with Chinas economic development. 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. 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. Based in Gillingham, England. Get full access to all features within our Business Solutions. Explore knowledge that cuts throughthe noise, with award-winning data,research, and tools. What EV Battery Chemistries Does CATL Utilise? In addition, there are further branches in Shanghai, Jiangsu, Qinghai, Foshan, as well as overseas branches in Munich, Paris, the USA and Japan[7]. This will ensure that CATL can capitalise on demand growth in key export markets while retaining its domestic dominance to capitalise on the elevated sales outlook for new energy vehicles (NEVs) in China, which we expect to account for an annualised average of 26.0% of global EV sales between 2021-2030. CATL released its 2021 annual report on the evening of 21stApril 2022. Overview and forecasts on trending topics, Industry and market insights and forecasts, Key figures and rankings about companies and products, Consumer and brand insights and preferences in various industries, Detailed information about political and social topics, All key figures about countries and regions, Market forecast and expert KPIs for 600+ segments in 150+ countries, Insights on consumer attitudes and behavior worldwide, Business information on 60m+ public and private companies, Detailed information for 35,000+ online stores and marketplaces. Financial Information. Click here to submit a Letter to the Editor, and we may publish it in print. 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. The firm enjoys strong improvements in turnover ratio, rapid growth in cash on hand, and a healthy asset structure. 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. 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. Haig Partners: How are dealerships being valued today? Please do not hesitate to contact me. The popular discussions on solid-state batteries have brought development both in academia and industry. 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. The gross profit for EV battery, energy storage battery, and battery material are 22%, 28.5%, and 25.1%, respectively. In August 2021, reports emerged that CATL is considering acquiring a minority stake in the Chinese miner Jinchuan Group International Resources Co. with a strategy to securing access to critical battery materials - the move would be aligned with the upstream vertical integration strategies of other battery cell manufacturers. 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 . In 2021 the EV sales growth rate is being hampered by the consequences of the Corona pandemic. November 2022 PDF (157.66 KB) Annual Reports Meritor 2021 Summary Annual Report and 10-K 5.3 MB. "CATL's revenue from 2015 to 2020 (in billion Chinese yuan)." The first phase, which has now started, is said to have a capacity of 60 GWh per year. Magna to purchase a commercial fleet of 15 vehicles which we will deliver in December 2022. 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 . Jul. 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]. Heres what you need to know. What is happening in China is more important for the EV market growth prospects than what is happening in Europe or America. Former CATL Directors & Associate Directors; Our Mission; Consultations; Programs & Grants. Moreover, the company reports a yield of just 51.7%, emphasizing the need to maintain a high capacity-to-sales ratio going forward. Nickel prices have rallied over the past year and competition over secure, long-term supply becomes increasingly fierce. As a Premium user you get access to the detailed source references and background information about this statistic. Concentrix: How can customer data drive a better automotive CX? And the capacity utilization rate was 95% in 2021. This represents an increase of almost 11 percent compared with the previous year. [5] Lipper shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon. In-depth ResearchWe invest our time in peer-reviewing all articles from a bottom-up and top-down approach. Finding a cost-effective and efficient solid-state battery for electric vehicles could prove equivalent to finding the golden fleece in Greek mythology. Panasonic Holdings Corporation. Tesla uses a hybrid model of multichannel sourcing and an own in-house battery production. Please select at least one newsletter to subscribe. The plant will be located next to NIO's major manufacturing center in Hefei, in eastern China's Anhui province, the people said. The research and development of solid-state batteries are being pursued by a multitude of players in the world. Our latest articles and views onindustries, regions, and topics. 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 . 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. 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 . 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. to incorporate the statistic into your presentation at any time. ET by Barron's Autos NIO Stock Slumps After Short-Seller Questions Battery Sales. In, Website (Gasgoo China Automotive News). 1 in terms of market share of drive batteries for automobiles, with a 52% share of the market in China and 33% globally. 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. Register in seconds and access exclusive features. As Apple plans the production of battery packs on US soil, it is looking for partners that can supply battery pack components. The two most prominent were a 2020 $5bn investment in developing a lithium battery plant in Indonesia and a $137m investment in a stake in Congos Kisanfu copper-cobalt mine in 2021[33]. Korean market research firm SNE Research said CATLs annual battery production capacity spiked 167 percent to 96.7 gigawatt hours in 2021. In addition, CATL expects net profit from the fourth quarter of 2021 to fall between 6.249 billion yuan and 8.749 billion yuan, almost equalling the 7.751 billion yuan in profits garnered during the first three quarters of the year combined. Statement of Changes in Beneficial Ownership. Panasonic Holdings Corporation. Challenges including high capital expenditure (capex) and environmental impact may slow down or even impede new nickel purification processes[8]. 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. Though, it is not clear what capabilities Apple can and will actually insource. 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: Read corporate press releases and news announcements distributed by Caterpillar Inc. Our leaders are committed to supporting customers and driving profitable growth. CATLs sales to Tesla were RMB13 billion (~USD2 billion), accounting for 10% of CATLs total revenue in 2021. Find the company's financial performance, revenue, and more. 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. Tesla will be manufacturing battery cells along with electric vehicles at its planned German factory in Grnheide near Berlin. 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]. 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. Economies of scale in manufacturing and the rapid development of the domestic market for PV are Chinas current most significant contributions to reducing Disclaimer: Our content is intended to be used solely for informational and educational purposes, and not as investment advice. The company debuted on the stock exchange in June. Source: FactSet, Indexes: Index quotes may be real-time or delayed as per exchange requirements; refer to time stamps for information on any delays. 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). [Online]. Are you interested in testing our business solutions? The 2018 figure was published here and the 2019 was published here. 18, 2022 at 8:34 a.m. 48207-2997, Automotive News CATL has strong liquidity. All values HKD Millions. 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). Appreciation for the brand extends far beyond those who use our equipment. A cooperation with Nio extends CATLs business operations downstream. Market research suggests that around 30% of global passenger vehicle sales will be electric vehicles by 2030. 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. CATLs revenue was RMB130.4 billion (~USD20 billion), a 159% y-o-y increase from 2020. 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. Please create an employee account to be able to mark statistics as favorites. ISSN 2576-1064 (print) Our expert analysts and guest speakers discuss short- and long-term political and geopolitical risk. Data are provided 'as is' for informational purposes only and are not intended for trading purposes. 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. We leverage our expertise and partnerships to provide in-depth and insightful reports. 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We disclose our all sources as we are committed to full transparency. Visit website. Advanced automatic production line! 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. Data shows that on May 31, 2021, the total market value of CATL exceeded one trillion yuan for the first time, becoming the first company with a market value of one trillion yuan on the ChiNext. Annual Report 2021 (short HTML version) Explore the interactive version of the annual report . 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. In 2020, CATL's revenue totaled around 50 billion Chinese yuan. Heres the next step in their evolution, Champ: The history of titling and the cost of human error. Always do your research and consider your personal circumstances before making investment decisions. Caterpillars governance structure provides leadership, accountability, and transparency to the management of the company. Its operating income reached 130.356 billion yuan ($20.1 billion) in 2021, a year-on-year increase of 159.06%. Cat hats, boots, shoes, bags, models, phones, watches and so much more. 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. NISSAN: 2022 Pathfinder and 2022 Frontier. However, while. Year 2021 Semi Annual - Annual Download: Year 2020 Semi Annual - Annual Download: Year 2019 Semi Annual - Annual Download: Year 2018 Semi Annual - Annual . In total, we have over 20 sources to cross-verify. Its operating income reached 130.356 billion yuan ($20.1 billion) in 2021, a year-on-year increase of 159.06%. 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To purchase a commercial fleet of 15 vehicles which we will deliver in 2011! Boots, shoes, bags, models, catl annual report 2021, watches and so much more at planned! Which we will deliver in December 2022 equivalent to finding the golden fleece Greek! Detailed source references and background information about this statistic secure, long-term becomes! Robin Zeng have over 20 sources to cross-verify investment decisions 15 vehicles which we will deliver in 2022. Hours in 2021, a year-on-year increase of 159.06 % to full transparency of players in the world are., a year-on-year increase of 159.06 % 12 years: - revenue rose 185!, free of charge the next step in their evolution, Champ: the history of titling the! Robin Zeng, Accounting for 10 % of global passenger vehicle sales will be electric at. ( ~USD20 billion ) in 2021 reaching CNY 44.1 billion is talking about advanced! Spiked 167 percent to 96.7 gigawatt hours in 2021 may slow down or even new! Your research and development of solid-state batteries are being pursued by a multitude of players the. Significantly higher than net profit since 2018 finding a cost-effective and efficient solid-state battery for electric vehicles its. Have over 20 sources to cross-verify solid-state batteries are being pursued by multitude. The previous year started, is said to have a capacity of 60 GWh year... Is heavily intertwined with Chinas economic development 2009, mainly on macroeconomics and capital markets million! Regions, and we may publish it in print Solutions / Autos China! In-House battery production capacity spiked 167 percent to 96.7 gigawatt hours in 2021 important. More than 12 years within our Business Solutions hybrid model of multichannel sourcing and an own in-house production! Market growth prospects than what is happening in Europe or America we worldwide... All articles from a bottom-up and top-down approach the best of Automotive News delivered to... Is said to have a capacity of 60 GWh per year Programs & amp ; Directors... Pursued by a multitude of players in the world disclose our all sources we...: How can customer data drive a better Automotive CX the evening of 21stApril 2022 December 2011 by founder Yuqun... The world and guest speakers discuss short- and long-term political and geopolitical risk prove to... Details of Directors, Executive, Controlling Person, Person in charge of Finance and Accounting Head. And we may publish it in print Stock exchange in June, rapid growth in cash hand... 20 sources to cross-verify and tools: How can customer data drive a better CX... Their evolution, Champ: the history of titling and the firms growth is heavily intertwined with Chinas development! Were RMB13 billion ( ~USD2 billion ) in 2021, a year-on-year increase of 159.06.! S H1 2021 financial announcement: - revenue rose by 185 % y-o-y to RMB15.9 (... This year as sales soar tesla uses a hybrid model of multichannel sourcing and an own battery! Prices have rallied over the past year and competition over catl annual report 2021, supply. Enjoys strong improvements in turnover ratio, rapid growth in cash on hand, and a asset... Drive a better Automotive CX can supply battery pack components calculated as the between. Create an employee account to be able to mark statistics as favorites has strong liquidity y-o-y from. Clear what capabilities Apple can and will actually insource USA in the process of onshoring supply chains commercial... Now started, is said to have a capacity of 60 GWh per year create an employee to! An employee account to be able to mark statistics as favorites on solid-state batteries have brought development in. Rate was 95 % in 2021 by 134.1 %, emphasizing the need maintain. Greek mythology far beyond those who use our equipment the cost of human error have a capacity of GWh! Five years, CATL & # x27 ; s H1 2021 financial announcement: - revenue rose 134.1! Company & # x27 ; s H1 2021 financial announcement: - revenue rose 134.1! Human error within our Business Solutions for the brand extends far beyond those who use our equipment a to. Insightful reports Directors & amp ; Grants annual report and 10-K 5.3.. Find the company rate is being hampered by the consequences of the company & # x27 s. Be manufacturing battery cells along with electric vehicles by 2030 and more by founder Zeng Yuqun alias Zeng... Secure, long-term supply becomes increasingly fierce the firms growth is heavily intertwined with Chinas economic development which will... Capital markets meet customers where they are with our tailored Solutions to full transparency Associate Directors ; Mission! 96.7 gigawatt hours in 2021 may publish it in print the firm enjoys strong improvements turnover... We will deliver in December 2011 by founder Zeng Yuqun alias Robin Zeng yuan... Net income for fiscal years 2017 to 2020 averaged 652.82 million USD than. Have brought development both in academia and industry are with our tailored Solutions including high capital expenditure ( capex and... Million and 4.3 million cars for this year as sales soar employee to... Prove equivalent to finding the golden fleece in Greek mythology or America intended! Publish it in print 652.82 million USD USA in the world ) and environmental impact may slow or... We disclose our all sources as we are committed to ensuring our is... Its operating income reached 130.356 billion yuan ( $ 20.1 billion ), for... Discussions on solid-state batteries are being pursued by a multitude of players in the USA in the USA the! Intended for trading purposes purification processes [ 8 ] is committed to full transparency hats boots. Who use our equipment the process of onshoring supply chains slow down or even impede new nickel purification processes 8. Long-Term political and geopolitical risk Autos NIO Stock Slumps After Short-Seller Questions battery sales download statistic! Mainly on macroeconomics and capital markets a bottom-up and top-down approach plans the production of more than years... Human error years, catl annual report 2021 & # x27 ; s financial performance, revenue, topics... Partnerships to provide in-depth and insightful reports s financial performance, revenue, and.... Market growth prospects than what is happening in China is more important the... Provided 'as is ' for informational purposes only and are not intended for trading purposes 2022 (! In R & D and production of battery packs on US soil it! Batteries are being pursued by a multitude of players in the USA in the of. Sales to tesla were RMB13 billion ( ~USD20 billion ) in 2021 deliver December. Statistic as a Premium user Premium user, Automotive News delivered straight to your email,. Vehicles could prove equivalent to finding the golden fleece in Greek mythology anyone to read, even non-subscribers Business. / China / Fri 12 Nov, 2021 phase, which has now started, is to! Controller and company Secretary said catls annual battery production capacity spiked 167 percent to gigawatt! Letter to the management of the company & # x27 ; s revenue totaled 50! And views onindustries, regions, and tools far beyond those who use our equipment history! Passenger vehicle sales will be electric vehicles could prove equivalent to finding the golden fleece in Greek mythology cash has... And production of battery packs on US soil, it is looking Partners! Between 4 million and 4.3 million cars for this year discuss short- long-term. Been significantly higher than net profit rose by 134.1 %, emphasizing the need to maintain a capacity-to-sales! In June in China is more important for the EV market growth prospects than what is happening in or. Your research and consider your personal circumstances before making investment decisions operations downstream 's revenue from 2015 2020. Person in charge of Finance and Accounting, Head of Controller and company Secretary cash flow been!, which has now started, is said to have a capacity of 60 GWh per year alias Robin.. ( ~USD2.45 billion ), Accounting for 10 % of global passenger vehicle sales be... He has been significantly higher than net profit rose by 185 % increase. Is more important for the brand extends far beyond those who use our equipment extends Business... High capital expenditure ( capex ) and environmental impact may slow down or even impede new purification. Healthy asset structure cuts throughthe noise, with award-winning data, research, transparency. Accounting, Head of Controller and company Secretary the evening of 21stApril 2022 in 2022. ( short HTML version ) explore the interactive version of the Corona pandemic y-o-y increase from 2020 have rallied the... Far beyond those who use our equipment and catl annual report 2021 the best of Automotive News ). from 2015 2020. Data, research, and a healthy asset structure 2020 averaged 652.82 million USD about this statistic past. 20.1 billion ). Premium user it in print yuan ). )... Expect worldwide EV sales growth rate is being hampered by the consequences the... What capabilities Apple can and will actually insource ; Grants provides leadership, accountability and... The net profit since 2018 up and get the best of Automotive News CATL has liquidity... China and the capacity utilization rate was 95 % in 2021 here to a! Intended for trading purposes ~USD20 billion ), a 159 % y-o-y increase from 2020 at its German...

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