Overview
- Net profit rose 42% to CN¥72.2 billion (US$10.4 billion) in 2025, with Q4 delivering US$3.3 billion in net income on US$20.3 billion in sales, topping Wall Street estimates.
- Battery sales volume reached 661 GWh, up 39% year over year, and global power-battery share climbed to 39.2% in 2025, while CATL also led global energy‑storage shipments for a fifth straight year, according to SNE Research.
- Installed capacity stood at 772 GWh in 2025, with 321 GWh under construction, as management projects 20–30% demand growth from 2026 to 2030.
- Shares jumped roughly 9% in Hong Kong on Wednesday after a similar gain Tuesday, and Tesla stock rose about 1.2% following CATL’s earnings beat.
- Energy storage generated CN¥62.4 billion in 2025 revenue with higher gross margins than EV batteries, though overall margins slipped slightly on input costs, and production at the Jianxiawo lithium mine is expected to resume in June.