Earning 200 million yuan per day, CATL discloses 2025 financial report

[Text/Observer Network Pan Yuchen Editor/Gao Xin] On March 10, CATL, the world’s largest power battery supplier, released its 2025 performance report. In 2025, CATL’s revenue reached 423.702 billion yuan, a year-on-year increase of 17.04%; net profit attributable to shareholders of the listed company was 72.201 billion yuan, a rise of 42.28%, with an average daily net profit of nearly 200 million yuan.

After the financial report was disclosed, during the trading session on March 10, CATL’s A-shares surged by 6.01%, with a total market value exceeding 1.7 trillion yuan; H-shares also rose by 8.75%.

CATL Oriental IC

Growing Market Demand

CATL stated that the company’s performance improvement in 2025 is primarily due to the sustained growth in demand within the battery industry.

According to SNE Research data, global new energy vehicle sales in 2025 are projected to reach 21.47 million units, a year-on-year increase of 21.5%. The global power battery usage will reach 1,187 GWh, up 31.7%. As an industry leader, CATL is expected to achieve lithium-ion battery sales of 661 GWh in 2025, a 39.16% increase. Among these, power battery sales will be 541 GWh, up 41.85%. According to SNE Research, in the field of power batteries, CATL’s global market share in 2025 is 39.2%, an increase of 1.2 percentage points from the previous year, maintaining the top position worldwide for nine consecutive years.

On the other hand, driven by increased wind and photovoltaic installations, higher requirements for power system flexibility, advances in energy storage technology, decreasing system costs, and demand from emerging fields like data centers, the energy storage battery market is also rapidly expanding. According to SNE Research, global energy storage battery shipments in 2025 will reach 550 GWh, a year-on-year increase of 79%.

In the energy storage sector, CATL is expected to achieve 121 GWh of energy storage battery sales in 2025, a 29.13% increase. According to SNE Research, last year, CATL’s energy storage battery shipments have ranked first globally for five consecutive years.

CATL Tianheng Energy Storage Cell Oriental IC

Additionally, in 2025, CATL’s overseas market share and delivery capacity have improved, with key clients including Volkswagen, BMW, Stellantis, Volvo, and DMG.

To meet market and customer demands, CATL increased investments in domestic and overseas lithium battery production bases in 2025, including projects at Zhongzhou, Jining, Fuding, Liyang, Yibin, Hungary, and Indonesia. By the end of 2025, CATL’s lithium battery capacity reached 772 GWh, with an under-construction capacity of 321 GWh.

Enhanced Competitive Advantages

Meanwhile, while ensuring stable battery supply, CATL’s overall competitive advantages have further strengthened.

CATL stated that last year, its technological R&D, product innovation, branding and marketing, extreme manufacturing, ecological layout, and zero-carbon expansion all saw further improvements, making its comprehensive competitiveness industry-leading.

In advanced power battery technology, last year CATL launched new products in the passenger vehicle sector, including the second-generation Shenxing ultra-fast charging battery, Shenxing Pro battery, Xiaoyao dual-core battery, and sodium-based new passenger car power batteries; in commercial vehicles, it released sodium-based integrated start-stop batteries and Kunsu chassis commercial vehicle ecosystem solutions. CATL also deepened strategic cooperation with FAW Jiefang, BAIC Foton, Dongfeng Commercial Vehicles, and others.

CATL Shenxing Ultra-Fast Charging Battery Oriental IC

In after-sales service, by the end of 2025, CATL’s service network covered 75 countries or regions, with about 1,200 service stations, including 11 direct-operated “Ningjia Service” experience centers, providing maintenance, battery care, health checks, annual inspections, and mobile rescue services.

In energy storage, last year, CATL’s Tianheng 6.25 MWh containerized liquid-cooled battery modules were mass delivered and connected to the grid in China, and it launched the world’s first mass-produced 9 MWh ultra-large capacity energy storage system solution, TENERStack, overseas.

Seeking New Growth Curves

Beyond power and energy storage batteries, CATL is extending into emerging fields such as low-altitude, maritime, and data centers, seeking new long-term growth drivers.

In the swap station sector, by the end of last year, CATL had built over 1,000 swap stations across major economic zones including Yangtze River Delta, Beijing-Tianjin-Hebei, Sichuan-Chongqing, and Greater Bay Area, achieving profitability first in Chongqing; it also formed strategic swap cooperation with GAC, Changan, FAW, SAIC, Chery, and others, launching over 20 swap models. In commercial vehicles, CATL’s Qiji swap business has built over 300 stations, collaborating with over ten companies including FAW Jiefang and Shaanxi Heavy Duty Truck, launching more than 30 standardized swap models.

In low-altitude aerospace, in 2025, CATL’s Fengfei Aviation developed the certified-tonnage eVTOL aircraft Kerry Owl and launched a zero-carbon water takeoff and landing platform.

In the maritime sector, CATL announced a “Ship-Port-Cloud” zero-carbon shipping integrated solution capable of MW-level ship charging, minute-level swap energy replenishment, and high-precision multi-source data fusion via cloud. By the end of last year, nearly 900 electric ships operated safely with CATL’s supporting systems.

It also launched products like the E30P cylindrical lithium batteries and Snow Leopard series batteries to meet the needs of electric motorcycles, two-wheelers, power tools, and data centers.

In sustainable development, in 2025, CATL’s comprehensive recycling of used batteries and materials reached 210,000 tons, a 63.2% increase; recycled lithium salt reached 24,000 tons, up 40.4%.

Additionally, in May 2025, CATL was listed on the Main Board of the Hong Kong Stock Exchange, raising HKD 41 billion, with funds allocated to Hungary project construction, operations, and general corporate purposes. This overseas listing on H-shares also aims to further integrate into the global capital markets and accelerate its globalization strategy.

This article is an exclusive report by Observer Network. Unauthorized reproduction is prohibited.