CATL thrives while China's EV makers squeezed by supply chain, weak market

CATL shares surge after buyback plan and strong earnings signal battery giant's dominance

CATL posted 43.28 billion yuan profit H1 2026 (+42%) and a 20-40 billion yuan buyback, securing battery dominance. Energy storage revenue surged 87.54% vs 46% for batteries; CATL's lithium-cobalt-nickel control shapes enterprise capex for data centers and grid.