Contemporary Amperex Technology Co., Limited (CATL) reported strong third-quarter results, with net income of RMB 18.5 billion (approximately $2.6 billion), representing a 41.2 percent increase from the same period a year ago. Revenue for the quarter reached RMB 104.2 billion, up 12.9 percent year-on-year. Adjusted net income, excluding non-recurring gains and losses, was RMB 16.4 billion, a 35.5 percent rise compared with the prior year.
For the first nine months of 2025, CATL’s net income totaled RMB 49.0 billion, a 36.2 percent increase year-on-year, while revenue grew 9.3 percent to RMB 283.1 billion. The company continues to lead China’s power battery market. In September, it installed 32.51 GWh of battery capacity, capturing a 42.81 percent market share—an increase of 0.47 percentage points from August.
CATL’s third-quarter power battery installations in China reached 82.07 GWh, marking a 27.5 percent increase from the same quarter last year and a 15.5 percent rise from the previous quarter. From January through September, cumulative installations totaled 210.67 GWh, up 33.6 percent year-on-year.
Globally, CATL and its domestic peer collectively installed 379.3 GWh of EV batteries between January and August, accounting for 54.8 percent of the world’s total. During that period, CATL alone held a 36.8 percent share of the global EV battery market, significantly ahead of the next largest supplier, which held 18.0 percent.
These figures underscore CATL’s continued expansion in both domestic and international markets, driven by growing demand for electric vehicles and energy storage solutions. The company’s performance reflects ongoing investments in manufacturing capacity, technology development, and supply chain partnerships.
Source: CNEV Post
