Chinese battery giant Contemporary Amperex Technology Co. Limited (CATL) saw net profit surge 42 percent compared to the same period last year, a company filing showed Friday. CATL's net profit during the first half of the year was 43 billion yuan ($6.4 billion), the filing to the Shenzhen Stock Exchange showed, as demand for energy storage critical to the AI industry grows.

Battery giant’s stake in Sichuan plant reflects Beijing’s push to diversify funding and inject market discipline into public infrastructure.

CATL reports 43.28 billion yuan net income for H1 2026 and plans a share buyback of up to 40 billion yuan, signaling confidence in its growth