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CATL 2025 net profit rises 42% to $10.5b
Contemporary Amperex Technology Ltd (CATL), a Chinese EV battery maker, reported a 42% rise in 2025 net profit to 72.2 billion yuan (US$10.46 billion) in a Shenzhen Stock Exchange filing.
The filing said CATL’s lithium‑ion battery sales volume rose 39% to 661 GWh and it sold 541 GWh of power batteries, up 41.85%.
Citing SNE Research, the company said its global power battery market share rose 1.2 percentage points to 39.2% in 2025, keeping CATL top globally for a ninth consecutive year.
CATL said energy storage sales rose 29.13% to 121 GWh as it provided system solutions and services.
Net cash from operating activities rose 37.35% to 133.2 billion yuan (US$19.29 billion), while the company recorded impairment losses totaling 9 billion yuan (US$1.3 billion) that cut 8.3 billion yuan (US$1.2 billion) from net profit.
The company said it was expanding battery applications into commercial vehicles, electric vessels, electric aviation, and data centers.
🔗 Source: South China Morning Post
🧠 Food for thought
Implications, context, and why it matters.
CATL is pulling away from a weakening field of rivals
- CATL lifted its global power battery market share to 39.2% in 2025. BYD (a major Chinese electric-vehicle and battery maker) slipped to 16.4% from 16.9% a year earlier 1.
- The gap keeps growing. The market is tightening around the top two players, since every other power-battery manufacturer now sits in the single digits 1.
- South Korea’s leaders lost ground. LG Energy Solution, SK On, and Samsung SDI (three of South Korea’s biggest battery makers) together fell to 16% in 2025, down 3.5 percentage points from the prior year 1.
CATL’s growth is constrained by production, not demand
- CATL’s 2025 results came with production capacity “fully utilised.” A company executive said market share was “somewhat impacted by capacity constraints” 2.
- Demand looks stronger than deliveries. CATL raised its 2026 battery-production guidance by 30% to 1,300 GWh 3.
- Orders are also rising outside electric vehicles. CATL is pushing into data centres, where higher electricity use tied to AI is lifting demand for power options such as solar-plus-storage systems 2.
