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Article: China’s CATL profit surges 42% as battery sales and expansion boost global lead

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5 / 10

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CATL reported a 42% surge in net profit for last year, driven by strong sales of lithium-ion batteries and expansion into energy storage. The company's battery sales volume grew 39%, with power battery sales increasing nearly 42%, reaching a record 39.2% global market share.

This performance was supported by the continued growth of China's EV industry. CATL has now been the world's top power battery manufacturer for nine consecutive years.

The main topics covered are CATL's financial performance, its battery sales growth and market share, and the context of the expanding EV industry.

Original URL

https://www.scmp.com/business/climate-and-energy/article/3346013/chinas-catl-profit-surges-42-battery-sales-and-expansion-boost-global-lead?utm_source=rss_feed

Source Feed

Tech - South China Morning Post

Published Date

2026-03-09 14:01

Fetched Date

2026-03-09 11:30

Processed Date

2026-03-09 11:31

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Present

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China’s CATL profit surges 42% as battery sales and expansion boost global lead
Strong battery sales and energy storage growth propel the battery giant to a new all-time high in global market share
Contemporary Amperex Technology Ltd (CATL) reported a 42 per cent jump in net profit last year to 72.2 billion yuan (US$10.4 billion) on strong battery sales and an expansion into new energy storage scenarios.
The Chinese battery giant’s sales volume of lithium-ion batteries – a key component for electric vehicles (EVs) – reached 661 gigawatt hours (GWh), up 39 per cent from the previous year, according to a filing released on the Shenzhen Stock Exchange on Monday night.
China’s EV industry continued to grow in 2025, with production and sales increasing nearly 30 per cent year on year to more than 16 million units.
CATL sold 541 GWh of power batteries, a 41.85 per cent increase, propelling the company to a new all-time high in global market share.
Citing data from SNE Research, CATL said its global market share for power battery usage rose 1.2 percentage points to 39.2 per cent in 2025, solidifying its position as the world’s top manufacturer for the ninth consecutive year.
“The new energy industry is standing at a new historical juncture: its development goal is shifting from ‘speed’ to ‘quality’,” CATL chairman Zeng Yuqun said in an exchange filing.