GreenergyDaily

Apr. 16, 2026

Chinese battery giant CATL posted first-quarter results that beat expectations, driving its shares higher.

Net profit rose 48.5% to 20.74 billion yuan, beating the estimated 20.9% growth in a poll of three analysts compiled by LSEG.

Revenue rose 52.5% to 129.13 billion yuan, above the 35.7% growth forecast by four analysts.

Shares jumped Thursday after the results, closing up 9% in Hong Kong and 5.33% in Shenzhen. 

CATL said its board had approved the establishment of a wholly owned subsidiary with registered capital of 30 billion yuan, according to a statement released Wednesday.

The new entity will serve as a platform for its new energy mining investments and operations.