On April 16, 2026, Contemporary Amperex Technology Co. Limited (CATL) reached a new milestone as its market capitalization exceeded 2 trillion yuan (approximately 290 billion USD). The battery maker’s shares opened higher and at one point climbed more than 6%, peaking at 460 yuan (about 66.67 USD) per share. By the close of trading, the stock stood at 453.98 yuan (65.74 USD), keeping the company’s market value comfortably above the 2 trillion yuan threshold.
This achievement places CATL among a select group of just six A-share companies with market capitalizations above 2 trillion yuan, and it is the only privately held firm in that group. National giants such as Industrial and Commercial Bank of China, China Construction Bank, Agricultural Bank of China, PetroChina and China Mobile comprise the remainder.
Data from SNE Research show that CATL continues to dominate global power battery production, holding a 39.2% share in 2025—nearly 12 percentage points ahead of its closest competitor. In the energy storage battery segment, the company captured a 30.4% global share, sustaining its leading position for the fifth consecutive year.
Since listing on the ChiNext board in June 2018, CATL’s market value has grown from around 78.6 billion yuan (11.4 billion USD) to its current record high. The company’s rapid ascent was fueled by a surge in new energy vehicle sales in 2021 and bolstered by policy support that helped the stock recover from a broader sector correction in early 2022.
In 2025, CATL achieved a production utilization rate of 96.9% as low-end capacity was cleared and demand for both domestic and international energy storage exceeded expectations. Financial results that year included gross margins of 23.8% for power batteries and 26.7% for energy storage units. Annual revenue rose 17% to 423.7 billion yuan (about 61 billion USD), while net profit attributable to shareholders climbed 42.3% to 72.2 billion yuan (10.5 billion USD).
Looking ahead, CATL projects that its energy storage business, currently about 20% of its overall volume, could reach parity with its power battery segment within three years and potentially surpass it thereafter. Industry experts also highlight growing demand from AI data centers, which is expected to drive further growth in lithium battery installations.
Source: Car News China
