CATL H1 2026 profit rises 41.98% YoY

Gasgoo Munich- CATL reported a 42% rise in first-half (H1) 2026 net profit as stronger demand for electric vehicle and energy-storage batteries lifted its financial results. Revenue for the six months ended June reached around 276.917 billion yuan, up 54.8% from a year earlier, while net profit attributable to shareholders climbed 41.98% to about 43.284 billion. Basic earnings per share stood at 9.51 yuan. The results exceeded market expectations, with rapid growth in energy storage helping offset softer momentum in China's EV market. 

Image source: CATL

Alongside the earnings release, CATL proposed an interim cash dividend of 14.11 yuan for every 10 shares. The planned distribution totals approximately 6.49 billion yuan, equivalent to 15% of H1 net profit attributable to shareholders, and will be calculated against roughly 4.6 billion eligible shares.

CATL also strengthened its position in China's passenger-vehicle battery market. Citing data from the China Automotive Battery Innovation Alliance ("CABIA"), the company said it accounted for 46.7% of domestic passenger-vehicle battery installations in the first half, an increase of 5.6 percentage points year on year. Its share of the ternary-battery segment reached 75.2%.

The company attributed its gains partly to broader adoption of its Qilin battery in premium battery-electric vehicles and its Freevoy battery in extended-range and plug-in hybrid models. These product claims, including advantages in energy density, charging speed and safety, were presented by CATL in its interim report.

International expansion remained another growth pillar. According to SNE Research figures cited by CATL, its share of EV battery usage outside China rose 3.7 percentage points to 33.7% during the first five months of 2026. The supplier has been expanding production and supporting customers including Volkswagen, Stellantis, BMW, Volvo and Toyota as its overseas operations mature. 

CATL said it extended its specialist service network into eight additional countries across Eastern Europe, Africa and South Asia during the first half. It also opened Ning Service experience centers in Saudi Arabia and Uzbekistan, part of an effort to build local after-sales capabilities alongside its overseas manufacturing footprint.