CATL’s business is broadening, but EV batteries still drive profit

CATL’s business is broadening, but EV batteries still drive profit

Contemporary Amperex Technology, better known as CATL, saw its shares climb after posting 2025 profit ahead of expectations, offering investors a fresh sign that growth in energy storage and overseas markets is helping the Chinese battery maker cushion a weaker electric vehicle backdrop. Net income rose 42.3% year-on-year to RMB 72.2 billion (USD 10.4 billion), while revenue increased 17% to RMB 423.7 billion (USD 61.2 billion), according to the company’s disclosure. CATL also reported lithium...
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