CATL, the company that makes roughly a third of the world’s electric vehicle batteries, just reported first-half 2026 net income of 43.28 billion yuan. That’s about $6 billion, for anyone keeping score at home.
Alongside the earnings figure, the Shenzhen-listed giant announced plans to buy back shares worth between 20 and 40 billion yuan.
The numbers behind the confidence
In Q1 2026 alone, the company posted net profit of 20.7 billion yuan, a 48.5% jump compared to the same period the year before.
Revenue told a similar story. CATL pulled in 129.1 billion yuan in Q1, representing a 52.5% increase over Q1 2025. Both figures beat analyst expectations.
