Chinese electric vehicle battery maker Contemporary Amperex Technology Co Ltd (CATL) has reported increased sales and stronger profitability in the third quarter of 2025.
For the third quarter, revenue was 104.18bn yuan ($14.63bn), up 12.9% year on year. Net profit attributable to shareholders rose 41.2% to 18.55bn yuan.
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Basic and diluted EPS were both 4.10 yuan, up about 37% from a year earlier.
For the nine months to 30 September 2025, revenue increased 9.3% to 283.07bn yuan.
Net profit attributable to shareholders rose 36.2% to 49.03bn yuan. Basic and diluted EPS were 11.02 yuan, up around 35%.
The company focuses primarily on developing, manufacturing, and selling batteries for electric vehicles and for energy storage applications.
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By GlobalDataAs of June, CATL had built out a network of six R&D hubs and 13 battery production sites around the world.
In the first half of 2025, EV battery systems generated 73.55% of total revenue. Energy storage batteries accounted for 15.88%, with the balance coming from battery materials, recycling, and mineral resources.
International markets contributed 34.22% of sales, up from 30.30% in the same period last year, while domestic operations provided the remaining 65.78%.
In May, the company listed in Hong Kong, raising HK$35.7bn (about $4.6bn) in its IPO.
Management intends to direct 90% of the IPO proceeds toward constructing a new plant in Hungary, which will supply batteries to European automakers including Stellantis, BMW, and Volkswagen.
CATL has also been drawn into US–China trade frictions: in January, the US Department of Defense added the firm to a watchlist over alleged ties to China’s military, accusations the company rejects.
