Contemporary Amperex Technology Co. Ltd. (CATL) saw its third-quarter net profit jump 41.2% year-on-year to RMB 18.5 billion ($2.6 billion), as the world’s largest battery-maker continues to ride a wave of strong demand for electric vehicles (EVs), reports Caixin. The Hong Kong- and Shenzhen-listed giant’s revenue for the quarter grew 12.9% to RMB 104.2 billion, according to its earnings report released Monday. Its net profit margin climbed to 19.1%, an increase of 4.1 percentage points from the same period last year.
The robust results underscore CATL’s dominance in the global battery market, where it is capitalizing on booming EV sales and expanding its manufacturing footprint worldwide. This growth comes even as the company navigates fierce competition both at home and abroad.
Management said on a Tuesday earnings call that total shipments of power and energy storage batteries approached 180 gigawatt-hours (GWh) in the third quarter, with power batteries for vehicles accounting for about 80% of the total. Data from South Korea-based SNE Research show that in the first eight months of 2025, CATL held a 36.8% share of the global power battery market by installed capacity, solidifying its top position.