Chinese battery maker Contemporary Amperex Technology Co Ltd (CATL) posted a 41.2 percent year-on-year increase in third-quarter net profit to RMB 18.5 billion ($2.6 billion), as the company navigated intensifying competition from smaller rivals while continuing its overseas expansion. The growth marked an acceleration from a 33.7 percent rise in the previous quarter, according to a stock filing released on Monday.
Revenue for the July–September period climbed 12.9 percent year-on-year to RMB 104.2 billion, up from an 8.3 percent gain in the second quarter. Net income excluding non-recurring gains and losses reached RMB 16.4 billion, an increase of 35.47 percent compared with a year earlier. For the first nine months of 2025, CATL reported total net profit of RMB 49 billion, up 36.20 percent year-on-year, on revenue of RMB 283.1 billion, a 9.28 percent increase from the same period last year.
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CATL remains China’s largest supplier of electric vehicle batteries and continues to lead the global market, though its global market share slipped slightly to 36.8 percent in the first eight months of 2025 from 37.7 percent a year earlier, according to SNE Research.
In comparison, BYD’s share rose to 18 percent from 16.2 percent, driven by growing sales in Europe. CATL supplies batteries to major automakers including Tesla, Volkswagen, and Xiaomi, and its new manufacturing facility in Hungary is expected to begin production by early next year.
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In China, CATL maintained its top domestic position, installing 32.51 GWh of power batteries in September, equal to a 42.81 percent market share, according to data from the China Automotive Battery Innovation Alliance (CABIA).
Total installations from January to September reached 210.67 GWh, up 33.59 percent year-on-year. However, Beijing’s new export controls on lithium battery parts — requiring export permits from November — may introduce new challenges for CATL’s overseas operations as it continues to expand its global footprint.
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