Chinese battery manufacturer CATL reported a sharp increase in profit for 2025 as demand for electric vehicle and energy storage batteries remained strong.
The company said net income rose 42.28% year-on-year to 72.2 billion yuan ($10.4 billion), according to its latest earnings report released on Monday. Total revenue increased 17.04% to 423.7 billion yuan during the year.
CATL’s power battery division remained the company’s largest business segment. Revenue from power batteries reached 316.5 billion yuan in 2025, representing a 25.08% increase compared with the previous year and accounting for 74.70% of total revenue.
The company’s energy storage battery business also continued to expand, generating 62.4 billion yuan in revenue, an 8.99% year-on-year increase and about 14.74% of total revenue.
CATL proposed a cash dividend of 69.57 yuan for every 10 shares held by investors, representing a payout of roughly half of its annual net income. However, the company noted that the payout ratio may vary in future years depending on capital investment requirements.
To support future expansion, CATL said it plans to register and issue up to 40 billion yuan in bonds to optimize its debt structure and reduce financing costs.
Battery shipments also rose significantly. The company said it sold a total of 661 gigawatt-hours of lithium-ion batteries in 2025, a 39.16% increase from the previous year.
Sales of power batteries reached 541 GWh, while energy storage battery shipments totaled 121 GWh.
CATL continued to lead the global electric vehicle battery market. According to data from South Korean market research firm SNE Research, the company held a 39.2% global market share in 2025, making it the only battery supplier worldwide with a share exceeding 30%.
The company also expanded its global manufacturing footprint. By the end of 2025, CATL had established six major research and development centers and 24 battery production facilities worldwide.
Its lithium-ion battery production capacity reached 772 GWh by the end of the year, with an additional 321 GWh of capacity currently under construction.
