Overview

• CATL's Q1 2025 net profit rose by 32.9% year-on-year to 13.96 billion yuan ($1.91 billion), according to its latest earnings report.
• Sales increased by 6.2% year-on-year, reaching 84.7 billion yuan, despite a global slowdown in EV demand and lower raw material prices.
• The company remains the top global producer of EV batteries, supplying over a third of the market and partnering with major brands like Tesla, BMW, and Volkswagen.
• CATL is expanding internationally, with a second factory under construction in Hungary, complementing its first European facility in Germany.
• Beijing's strong financial support continues to bolster CATL's growth, reinforcing its leadership in the competitive EV battery sector.