CATL (Contemporary Amperex Technology Co., Ltd 宁德时代), The company is the world's leading power battery system provider, focusing on new energy vehicle power battery system, energy storage system Research and development, production and sales, committed to providing world-class solutions for global new energy applications.The company is in battery material, battery series Key areas of the industrial chain, such as system and battery recycling, have core technological advantages and sustainable research and development capabilities, forming a comprehensive and perfect Production service system.
The company's power battery system products include battery cells, modules/boxes and battery packs, and the application field covers new energy passenger vehicles and new vehicles Energy commercial vehicles and other new energy travel tools and non-road mobile machinery.The company's power battery system can meet the start-stop, Fast charging, long life, long range and other functional requirements, the product has high energy density, multiple cycles, safe and reliable Wait for a characteristic. According to the application field and customer requirements, the company designs personalized product solutions through customization or joint research and development. To meet customers' different needs for product performance.
(1)New energy passenger vehicle field
In the field of new energy passenger vehicles, the company's power battery has been widely used in pure electric passenger vehicles and plug-in hybrid power Start-stop system of passenger car, hybrid passenger car and micro hybrid passenger car.
(2)New energy commercial vehicle field
In the field of new energy buses, the company's power batteries have been widely used in pure electric buses and plug-in hybrid buses And hybrid buses, such as city buses, business tour buses, ferries, etc.In the field of new energy trucks, the company's products can be Used in electric heavy truck, light truck and other logistics vehicles such as commercial vehicles.In addition, the company also develops other special vehicle markets And provide customized solutions, such as sanitation vehicles, port trailers, etc.
The company's power battery products can also be widely used in other electric travel tools and non-road mobile machinery, such as electric ships, Two - wheeled electric vehicles, forklifts and construction machinery, etc.
2.Energy storage system
The company's energy storage system products include cells, modules/boxes and battery cabinets, which can be used in the fields of power generation, transmission and distribution, and electricity consumption Energy storage facilities for large-scale solar or wind power generation, energy storage for industrial enterprises, energy storage for commercial buildings and data centers, energy storage charging stations,
Communication base station backup battery, household energy storage, etc., can effectively overcome the wind or solar power generation irregular output
characteristics, compensation line Loss power compensation and tracking plan to reduce peak load, improve the energy efficiency of wind power and photovoltaic power generation system and realize peak use in the electricity field The balance between valley electricity.
3.Lithium battery material
The company can waste lithium ion battery nickel cobalt manganese lithium and other valuable metals through processing, purification, synthesis and other processes, production The ternary precursor of lithium ion battery materials can realize recycling of nickel-cobalt-manganese lithium and other resources.Companies can also purchase materials by outsourcing Conduct the processing and production of precursor and positive electrode materials.
The company has an independent research and development, procurement, production and sales system, mainly through the sale of lithium ion power battery system, storage Products such as energy systems and lithium battery materials are profitable.Research and development, the company's products to independent research and development, with rich experience With extensive and in-depth external cooperation, the company has established a market oriented and multi-department, internal and external cooperation The research and development mode, has established the standard, the standard, the high efficiency, the sustained research and development system;Procurement, the company through a rigorous assessment and
The assessment process selects qualified suppliers, and works closely with suppliers through technical cooperation, long-term agreement and other ways to ensure the original Reliability of materials or equipment and cost competitiveness;In terms of production, the company takes market demand and seasonal sales characteristics into consideration Arrange production;In terms of sales, the company provides corresponding products and sales to customers according to their purchase contracts and specific order requirements After the service.
With the progress of global energy structure reform, the application scenarios of industrial and commercial energy storage and household energy storage on the electricity side are gradually mature.
On the power generation side, the rapid progress of wind power, photovoltaic and other renewable energy technologies reduces the cost and significantly improves the power generation economy.
Renewable energy installations are growing rapidly.With the continuous decrease of the cost of lithium batteries, the efficiency of energy storage system is increasing dramatically.
The energy storage market has great potential for future development.
With the global energy crisis and environmental pollution becoming increasingly prominent, various governments have announced their time frames for banning the sale of fuel vehicles, and major international vehicle enterprises have also released their new energy vehicle strategies one after another.
According to Marklines, global sales of new energy vehicles increased from 150,000 units in 2013 to 2.21 million units in 2019, and global shipments of power batteries also increased from 13.8GWh in 2013 to 116.6GWh in 2019, with a compound annual growth rate of 43%. According to the statistics of China Association of Automobile Manufacturers, 1.206 million new energy vehicles were sold in China in 2019, but new energy vehicles accounted for only 4.68% of the total automobile sales.
According to the New Energy Automobile Industry Development Plan (2021-2035) released by the Ministry of Industry and Information Technology (MIIT) in December 2019 (for comments), the competitiveness of China's new energy automobile market will be significantly improved by 2025, with new energy automobile sales accounting for about 25% of the total. We predicts that by 2025, the global sales volume of new energy passenger vehicles will reach 11.5 million units, with an average annual compound growth rate of 31.6% compared with 2019. In 2025, the global demand for power batteries for passenger vehicles will reach 747.5GWH, with broad development space for the industry.
At present, the power battery industry players are mainly concentrated in China, Japan and South Korea. According to the statistics of SNE Research, the global top 10 power battery companies shipped 101.4GWh in 2019, accounting for 86.9% of the global power battery shipments. The market concentration degree was further improved, among which the top three companies were CATL, Panasonic and LG Chem.
The energy storage battery system has the functions of peak load shifting and load adjusting, which can effectively improve the power generation efficiency and reduce the cost of electricity.In Internet surging energy, the renewable energy and distributed energy in the power grid in a large number of access, combined with micro power grid and electric vehicles, to popularize and apply the electrochemical energy storage technology will be a vital link, coordinate these applications of energy storage link will become the key nodes in the energy of the Internet, the demand of the rise of the Internet as energy will significantly boost energy storage.
According to GGII data, the global shipments of energy storage batteries in 2019 were 18.8GWh, with a year-on-year growth of 39.8%. Among them, the shipments of Energy storage batteries in China were 9.54GWh, with a year-on-year growth of 83.5%, accounting for 45.4% of the global market share of energy storage.With the continuous decrease of lithium battery cost, the energy storage market is approaching the economic inflection point of energy storage system application, and the energy storage market will usher in a rapid development stage with huge development potential.
As of December 31, 2019, the company has 5,364 R&D technicians, among which 143 have doctoral degrees and 1,943 have master degrees. The overall r&d team size and strength are leading in the industry.Perfect r & D system, strong r & D team to promote the company's R & D technology level continues to improve.As of December 31, 2019, the company and its subsidiaries had a total of 2,369 domestic patents and 115 overseas patents, with a total of 2,913 domestic and overseas patents pending.
The company is the world's leading power battery enterprises. According to SNE Research, the company ranked first in power battery sales for three consecutive years in 2017, 2018 and 2019.The company has the most extensive customer base in the industry. The effective catalogue of new energy models released by the Ministry of Industry and Information Technology in 2019 contains more than 4,600 models, of which 1,900 models are equipped with power batteries, accounting for about 41.5%. It is the manufacturer of power batteries with the most matching models.
During the reporting period(19A), the company achieved a total operating revenue of RMB 45.78 bio, increase 54.63% yoy, and the net profit attributable to shareholders of the listed company was RMB 4.56 bio ,increase 34.64% yoy. The company has gradually established the most extensive customer base in the industry, and with the continuous expansion of production and operation scale, scale advantages in supply chain management, cost control, market acquisition, technical iteration, customer service and other aspects have become increasingly prominent.The main business of the company is as follows:
Power battery system sales are the company's main source of revenue.During the reporting period(19A), the company's sales revenue of power battery system was RMB 38.58 bio, increase 57.38% yoy. In 2019, the domestic new-energy automobile industry, under the circumstances of adjustment of subsidy range, improvement of technical standards and further standardization of the industry, produced and sold 1.242 million and 1.206 million vehicles respectively, down 2.3% and 4.0% year-on-year.The company maintains its leading advantages in technology, scale, supply chain and customers in the field of lithium batteries for new energy vehicles. During the reporting period, the production capacity has been gradually released, and the sales volume has reached 40.25 GWh, an increase of 90.04% over last year, and the market share has been further improved.
The company's sales revenue of energy storage system was RMB 610 mio, an increase of 221.95% yoy. The 100 MWh level project was applied in Jinjiang, Fujian, and the layout and promotion of the energy storage market in the early stage began to achieve results.
The company's sales revenue of lithium battery materials was 430 mio, up 11.51% yoy.The company's sales revenue growth of lithium battery materials mainly benefited from the increase in demand for related raw materials driven by the rapid growth of power battery production and sales. Meanwhile, the company's newly-built production capacity of lithium battery materials was gradually released.