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CATL is the largest battery maker in the world. Based in China, it definitely feeds off of the ginormous electric vehicle industry in the country. However, it also quickly became a popular supplier for Western automakers as well in the past decade. Previous leaders like LG Chem (now LG Energy Solution), SK Innovation, Samsung SDI, and others got left in the dust a bit as CATL scaled up — not to say they don’t still have good battery businesses.
If it didn’t look good already, it looks even better now. The company just saw a 42% year-over-year jump in its net profit in the first half of 2026. (And that’s in a time that the Chinese EV market — and overall auto market — has been in a bit of a lull.) It scored a net profit attributable to shareholders of 43.28 billion yuan ($6.4 billion). Its revenue in the same period was 276.92 billion yuan ($40.9 billion).
The core of CATL’s business is batteries for EVs. However, it has also increasingly gotten into stationary energy storage. Here’s a bit more info on both:
