China’s CATL profit surges 42% as global market share soars to all-time high
The Chinese giant's market share hit a record 39.2% as it sold 661 GWh of batteries.
Contemporary Amperex Technology Ltd (CATL), the world's leading electric vehicle (EV) battery manufacturer, has reported a massive 42% surge in net profit for 2025, reaching 72.2 billion yuan (US$10.4 billion). This financial leap was driven by a 39% increase in total lithium-ion battery sales volume, which hit 661 gigawatt-hours (GWh). A significant portion of this, 541 GWh, was from power batteries specifically for EVs, representing a 41.85% year-on-year increase. This explosive sales growth has solidified CATL's market dominance, with its global share for power battery usage climbing 1.2 percentage points to a record 39.2%, according to data from SNE Research. This marks the ninth consecutive year CATL has held the top spot.
The company's performance is intrinsically linked to the robust health of China's EV sector, which saw production and sales grow nearly 30% in 2025 to exceed 16 million units. Beyond sheer volume, CATL is expanding into new energy storage applications, signaling a strategic diversification. Chairman Zeng Yuqun noted the industry is at a "new historical juncture," shifting its development goal from 'speed' to 'quality.' This statement hints at a maturing market where technological innovation and product reliability are becoming as critical as manufacturing scale, even as CATL continues to widen its lead over global competitors.
- Net profit surged 42% to 72.2 billion yuan ($10.4B) on strong battery sales and energy storage expansion.
- Global power battery market share hit a record 39.2%, securing its top position for the ninth straight year.
- Total lithium-ion battery sales volume reached 661 GWh, a 39% increase, driven by a 41.85% jump in EV power battery sales to 541 GWh.
Why It Matters
CATL's growing dominance shapes the global EV supply chain, affecting costs, technology standards, and geopolitical dynamics in the energy transition.