CATL Net Profits Jumped 42% in First Half on Energy Storage
By Reuters | 24 Jul, 2026

The Chinese battery giant enjoyed robust growth in its energy storage business with net profit rising to 43.3 billion yuan ($6.39 billion) in the the first half of 2026.

Chinese battery giant CATL posted a 42% year-on-year rise in first-half net profit, supported by robust growth in its energy storage business that offset softer demand in the electric vehicle market.

Net profit climbed to 43.3 billion yuan ($6.39 billion) in the first six months, while revenue increased 54.8% to 276.9 billion yuan, according to a stock exchange filing on Friday.

($1 = 6.7719 Chinese yuan renminbi)

(Reporting by Qiaoyi Li, Zhang Yan, Xiuhao Chen and Ju-min Park; Editing by Joe Bavier)