China’s CATL profit surges 42% as global market share soars to all-time high

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.