CATL's Q4 profit surged 57% year-on-year, driven by strong global battery sales and energy storage growth.

Chinese EV battery maker CATL reported a 57.1% year-on-year surge in fourth-quarter net profit to 23.17 billion yuan ($3.35 billion), exceeding expectations, with full-year 2025 profit up 42.3%, the fastest growth in three years. Revenue rose 36.6% to 140.6 billion yuan. CATL maintained its global EV battery market share at 39.2%, up from 38% in 2024, while its energy storage battery shipments jumped 80% year-on-year, contributing 14.7% to total revenue. The company expanded in Europe and Asia, invested in battery swapping, and faced U.S. scrutiny over its Ford partnership. BYD launched a new fast-charging battery and plans 20,000 charging stations by 2026.