CATL Reports Record 2025 Earnings as EV Battery Demand Surges

Contemporary Amperex Technology Co. Limited (CATL), the world's leading electric vehicle battery manufacturer, delivered a standout financial performance in 2025, sending its stock soaring on both Hong Kong and mainland China exchanges. The results highlight accelerating global demand for EV power batteries and energy storage solutions.

The Ningde-based company posted full-year revenue of approximately 423.7 billion yuan (roughly $61.3 billion), marking a 17% increase compared to the prior year. More impressively, net profit attributable to shareholders surged over 42% to around 72.2 billion yuan, a figure that signals both operational efficiency and strong pricing power in a competitive lithium battery market.

Shares of CATL listed on the Hong Kong Stock Exchange (HK: 3750) climbed 9.2% to HK$549.5 following the earnings announcement, while its Shenzhen-listed shares gained 6% to reach 378.0 yuan. Investor enthusiasm reflected broad confidence in CATL's growth trajectory and its dominant position within the global new-energy supply chain.

A key driver behind the earnings beat was a nearly 40% year-over-year increase in lithium battery shipments, which totaled approximately 661 gigawatt-hours. This growth was fueled by expanding adoption of electric vehicles worldwide and a rapidly scaling energy storage systems market, both sectors where CATL maintains a commanding presence.

The company also announced a generous dividend package, combining a final dividend of 21.78 yuan per 10 shares with a special cash dividend of 47.79 yuan per 10 shares, underscoring its robust free cash flow generation.

As a critical supplier to major automakers including Tesla, CATL continues to benefit from the global transition toward clean transportation. The company's latest results reinforce why it remains a benchmark name in the EV battery industry and a bellwether for the broader electric vehicle sector's long-term momentum.