Nearly 200 million daily earnings! CATL's 2025 performance soars, expanding into multiple fields to seek new growth points

CATL, the global leader in power batteries, recently released its 2025 financial report, showing the company’s annual revenue reached 423.702 billion yuan, a 17.04% increase year-over-year; net profit attributable to shareholders of the parent company surpassed 72.2 billion yuan, a 42.28% increase, with daily profits nearing 200 million yuan. Stimulated by strong performance, the company’s A-shares rose 6.01% during trading, with a total market value exceeding 1.7 trillion yuan; H-shares also increased by 8.75%, demonstrating excellent market performance.

The core driver of performance growth comes from the continuous expansion of the global new energy vehicle market. According to industry data from SNE Research, global new energy vehicle sales in 2025 reached 21.47 million units, a 21.5% increase year-over-year, driving power battery demand up 31.7% to 1187 GWh. As an industry leader, CATL’s lithium-ion battery sales reached 661 GWh, including 541 GWh of power batteries, with a global market share rising to 39.2%, maintaining the top position for nine consecutive years. The energy storage sector also performed strongly, with global energy storage battery shipments increasing 79% to 550 GWh. The company maintained the world’s largest market share with 121 GWh of sales, continuously expanding its market presence.

Global deployment has become another growth engine. In 2025, the company significantly increased its overseas customer base and deepened cooperation with international automakers such as Volkswagen, BMW, and Stellantis. To meet market demand, CATL accelerated capacity expansion, investing in domestic facilities in Zhongzhou, Jining, Fuding, and overseas projects in Hungary and Indonesia. By year-end, lithium battery capacity reached 772 GWh, with an under-construction capacity of 321 GWh, laying a foundation for future growth.

Technological innovation continues to strengthen competitive advantages. During the reporting period, the company launched new products such as the second-generation Shenxing supercharging battery and Shenxing Pro battery for passenger vehicles, and introduced sodium-ion integrated energy storage batteries and Kunshi chassis ecosystem solutions for commercial vehicles. Strategic partnerships were established with FAW Jiefang and BAIC Foton. In manufacturing, the company improved production efficiency through an extreme manufacturing system, with after-sales service networks covering 75 countries and regions, operating approximately 1,200 service stations, including 11 direct experience centers providing full lifecycle services.

Emerging business sectors have shown remarkable results. In battery swapping, the company deployed over 1,000 swap stations in the Yangtze River Delta and Beijing-Tianjin-Hebei regions, achieving profitability in Chongqing, and collaborating with GAC and Changan to launch more than 20 swap models. Over 300 swap stations have been built for commercial vehicles, with more than 10 companies launching over 30 standardized models. In the low-altitude economy, its subsidiary Fengfei Aviation developed eVTOL aircraft capable of carrying over one ton and launched zero-carbon water takeoff and landing platforms; in the shipping sector, it released the “Ship-Shore-Cloud” zero-carbon shipping solution, supporting nearly 900 electric ships. The company also introduced products like the E30P cylindrical lithium battery for two-wheel vehicles, covering scenarios such as electric motorcycles and data centers.

The sustainability strategy has been deeply advanced. In 2025, the company’s comprehensive recycling of waste battery materials reached 210,000 tons, a 63.2% increase year-over-year; recycled lithium salt production reached 24,000 tons, up 40.4%, forming a resource closed-loop. In capital operations, the company completed its H-share listing in May 2025, raising HKD 41 billion, mainly for Hungary project development and global operations, further strengthening its international capital platform.