CALB Group Co., Ltd. (Formerly CALB Co., Ltd.) Business Report FY ended Dec. 2021
Financial Overview |
(CNY millions) |
| FY ended Dec. 31, 2020 | FY ended Dec. 31, 2019 | Change（%） | Factors | |
| Sales | 2,677.98 | 1,770.81 | 51.23 | -Sales increased by expanding the number of customers in the market. In addition, profit increased due to strengthened cost reductions. |
| Operating profit | 123.70 | 52.78 | 134.37 | |
| Net income | 134.40 | 68.09 | 97.40 |
Business strategy
Aiming for a production capacity of 500GWh by 2025 and 1TWh by 2030
-The Company held a strategy conference in Changzhou, Jiangsu Province, where CALB indicated it will focus on establishing an industrial cluster of five industrial base clusters in the Pearl River Delta, Yangtze River Delta, southwest region, central region and northeast region. At the same time, the company plans to build overseas bases in Europe, North America, and other regions, and open R&D centers. The company currently has four major R&D centers in Shenzhen, Shanghai, Changzhou, and Chengdu, and will expand its R&D centers globally in the future. Its production capacity is planned to exceed 500GWh by 2025 and to reach 1TWh by 2030. CALB is expected to continue to make its shift to cleaner, lower carbon, and more intelligent energy. In addition, CALB adjusted the businesses of its military and civilian products: military and civilian products businesses will be run separately. The Luoyang division of CALB takes over the military products business; while the civilian products business has been transformed into a joint-stock company and the new CATL brand image has been created. (From a press release dated November 17, 2021)
Recent Activities
New battery technology, One-Stop Battery
-The Company announced the launch of One-Stop Battery, a new battery technology. This technology reduces weight by 40% and the number of components by 25% and doubles production efficiency by employing various proprietary technologies. It is suitable for both battery cells and battery packs. Products using this technology, will have a range of 700km for LFP batteries and 1000km for ternary lithium batteries and are scheduled to be launched to market in June 2022. (From a press release dated September 17, 2021)
International headquarters being established in Shenzhen
-The company has signed an investment cooperation framework agreement with Shenzhen City and announced that it will cooperate in areas such as technology and innovation. The Company will establish its international headquarters in Shenzhen and contribute to the growth of industry in Shenzhen. The Shenzhen municipal government will fully support the establishment of industries related to the company's international headquarters and facilitate the smooth development of projects in the direction of specialization, marketization and internationalization. (Based on official WeChat dated December 15, 2021)
Strategic alliances
Xi'an Jiaotong University
-The company has signed a strategic alliance agreement with Xi'an Jiaotong University. In addition to joint research in the field of science, two parties will deepen industry-academia collaboration and support the strengthening of development capabilities and upgrading of smart manufacturing in China. Through this collaboration, they will contribute to the sustainable development of China's new energy industry. (From a press release dated November 27, 2021)
Shenzhen Yanyi New Materials Co., Ltd.
-The company and Shenzhen Yanyi New Materials Co., Ltd. (Shenzhen Yanyi) announced that they have formed a strategic alliance. The partnership involves Shenzhen Yanyi providing the company with products such as electrolytes, lithium salts, additives and future battery materials. The scope of supply also includes future development technologies and other battery materials. (From multiple media reports dated November 24, 2021)
Clarios
-The Company announced that it signed a strategic partnership agreement with Clarios, a leading provider of advanced energy storage solutions, which was formerly the Power Solutions division of Johnson Controls. The two companies will jointly develop LFP (iron phosphate) low-voltage lithium battery systems to meet the demand for electrification of automotive systems. The partnership will be global, with joint development in North America, Europe, and the Asia-Pacific region. (From a press release dated November 17, 2021)
Dissolution of joint venture with Continental of Germany
-In April 2021, the registration of the joint venture with Continental Group was canceled. The company that was dissolved was Continental Kaibo Power Power System (Changzhou) Co., Ltd., which was established in cooperation with the low voltage battery system project in 2018.
Trends in establishing new Manufacturing sites
| Date | Name | Location | Overview | Annual production capacity (GWh) |
| November 2021 | Hefei site |
Hefei, |
The total investment is about CNY 24.8 billion, and the annual production capacity after completion is 50 GWh. | 50 |
| July 2021 | Wuhan site | Wuhan, Hubei |
The total investment is CNY 10 billion and the production capacity of the first phase is 20GWh. | 20 |
| June 2021 |
Chengdu 50GWh drive battery and storage battery manufacuring site Phase 1 |
Chengdu, Sichuan |
The total investment is CNY 28 billion. It will be built in the Ryusen area of Chengdu with a total construction area of about 510,000 square meters and a production capacity of 20 GWh. | 50 |
| May 2021 | Xiamen base 30GWh power battery manufacturing site | Xiamen, Fujian |
The base has a production capacity of 20 Gwh and will be 50 GWh after completion. | 30 |
| February 2021 | Jiangsu site | Changzhou, Jiangsu |
Made an additional investment of CNY 23.5 billion. |
23 |
| February 2021 | Jiangsu site | Changzhou, Jiangsu |
The total building area is about 120,000 square meters. | 5-7 |
| January 2021 | Jiangsu site | Changzhou, Jiangsu |
The total investment is CNY 13.5 billion and the total building area is about 420,000 square meters. | 25 |
| June 2020 | Xiamen site, new lithium battery manufacturing site | Xiamen, Fujian |
The total investment is CNY 10 billion, and the project is implemented in two stages. The first phase is called "A6 project", the investment amount is CNY 5 billion, and the planned production capacity is 10GWh. In the second phase, the investment amount is CNY 5 billion and the planned production capacity is 10GWh. | 20 |
R&D base
-The company plans to establish four R & D centers in Shenzhen, Shanghai, Changzhou and Chengdu.
| Name of facility | Location | Overview |
|
CALB Technology Research Institute (Jiangsu) Co., Ltd. Formerly：CALB Technology Research Institute Co., Ltd. |
Changzhou, Jiangsu |
The land is about 160,000 square meters. Conducts research and development of battery technology, electric power technology, battery materials, and advanced manufacturing technology. |
| Jiangsu Power and Energy Storage Battery Manufacturing Innovation Center | Changzhou, Jiangsu |
A research and development facility in which the company holds a 48% stake. The center is intended for joint innovation through industry-academia collaboration. |
| Advanced Technology (Shenzhen) Research Institute | Shenzhen | Inaugurated in July 2021. Conducts research and development of next-generation energy storage materials and batteries, battery management systems, big data, smart devices, smart factories, etc. |
| CALB Battery Engineering and Advanced Technology Research Institute | Chengdu, Sichuan |
It is under construction together with a 50GWh power battery manufacturing site in Chengdu. The first phase will start in June 2021. |
Certifications
-The company has obtained IATF16949, CE, UL, TUV, RoHS and other international certifications.
-The company announced that its testing center has been approved by the China National Accreditation Service for Conformity Assessment (CNAS). The approval covers 56 test items including physical and chemical properties of materials as well as the performance, reliability, and safety of power battery cells, modules, and systems. The center plans to expand its investment in the development of evaluation and measurement methods for advanced materials and batteries, and to provide technical services and support through measurement testing and other businesses in this field, while actively collaborating with overseas companies. (From a press release dated October 16, 2020)