CATL Net Profit Jumps 41% on Surging EV Demand
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On October 14, at the CATL Battery Factory in Thuringia, Germany. Photo: VCG
Contemporary Amperex Technology Co. Ltd. (CATL) saw its third-quarter net profit jump 41.2% year-on-year to 18.5 billion yuan ($2.6 billion), as the world’s largest battery-maker continues to ride a wave of strong demand for electric vehicles (EVs).
The Hong Kong- and Shenzhen-listed giant’s revenue for the quarter grew 12.9% to 104.2 billion yuan, 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.
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- CATL’s Q3 net profit rose 41.2% year-on-year to 18.5 billion yuan ($2.6 billion), with revenue up 12.9% to 104.2 billion yuan and a 19.1% profit margin.
- CATL shipped nearly 180 GWh of batteries, commanding a 36.8% global market share in the first eight months of 2025.
- The company is expanding globally despite competition and regulatory changes, with new plants in Germany, Hungary, Spain, and Indonesia.
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Who’s Who
- Contemporary Amperex Technology Co. Ltd.
- Contemporary Amperex Technology Co. Ltd. (CATL) is the world's largest battery-maker, riding high on strong EV demand. The company saw its third-quarter net profit jump 41.2% year-on-year to 18.5 billion yuan and revenue increase by 12.9% to 104.2 billion yuan. CATL dominates the global power battery market with a 36.8% share and is expanding its manufacturing globally while facing increased competition and regulatory scrutiny.
- Sunwoda Electronic Co. Ltd.
- Sunwoda Electronic Co. Ltd. formed a battery joint venture with Li Auto in September. This indicates that automakers are diversifying their battery supply chains, potentially affecting CATL's market dominance.
- Huawei Technologies Co. Ltd.
- Huawei Technologies Co. Ltd. leads the Harmony Intelligent Mobility Alliance, a smart car alliance. This alliance has started diversifying its battery supply chain by sourcing from suppliers other than CATL.
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What Happened When
- As of 2025：
- The Harmony Intelligent Mobility Alliance began sourcing batteries from suppliers other than CATL.
- September 2025：
- Li Auto formed a battery joint venture with Sunwoda Electronic Co. Ltd.
- First eight months of 2025：
- CATL achieved a 36.8% global market share by installed power battery capacity.
- First three quarters of 2025：
- NEV sales in mainland China reached 11.2 million units, a 34.9% YoY increase.
- First three quarters of 2025：
- Commercial-use NEV sales in China jumped 67.3% to about 630,000 units.
- October 20, 2025：
- CATL released its third-quarter 2025 earnings report.
- October 21, 2025：
- CATL held an earnings call discussing Q3 2025 results, revealing shipments of nearly 180 GWh in the quarter.
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