What was CATL's first-half net income and revenue growth, and how much did energy storage contribute to its revenue?

CATL's first-half net income climbed 42% to 43.3 billion yuan ($6.4 billion), while revenue rose 55% to 277 billion yuan. Energy storage accounted for 19% of first-half revenue, up from 16% a year earlier.

Why is energy storage becoming increasingly important for CATL and other global battery makers?

Energy storage is becoming a bigger contributor to CATL's earnings as global battery makers rely on it to offset slower growth in EVs; utilities are adding battery systems to support renewable power, and AI-driven data centers are emerging as another source of demand.

CATL’s First-Half Profit Jumps 42% on Energy Storage Tailwind

Jul 24, 2026

CATL reported a 42% increase in first-half net income to 43.3 billion yuan, driven by robust demand for energy storage systems which now account for 19% of revenue.

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