Contemporary Amperex Technology, better known as CATL, just reminded everyone why it sits atop the global battery food chain. The Chinese giant posted first-half 2026 net profit of 43.28 billion yuan (roughly $6.37 billion), a 41.98% surge year-over-year, while simultaneously announcing a share buyback plan worth between 20 and 40 billion yuan.
Its Shenzhen-listed shares jumped on the news.
The numbers behind the rally
CATL’s first-half revenue hit 276.92 billion yuan, climbing 54.8% compared to the same period last year.
Power battery revenues rose 46.02% year-over-year. Energy storage sales exploded by 87.54%.
