KATHMANDU: CATL’s net profit in Q1 2026 has outperformed several major Chinese automakers combined, highlighting the growing dominance of the battery giant in the EV supply chain.
The company reported a net profit of around USD 3.06 billion in the first quarter. This figure is higher than the combined earnings of leading automakers including BYD, Geely, Chery, SAIC Motor, Great Wall Motor, Seres, and Changan Automobile.
According to data, CATL also maintained a strong market position in China’s battery sector. It recorded 59.52 GWh of battery installations in Q1 2026. This gave it a 46.4% market share, despite slower EV demand due to subsidy phase-outs.
The company’s revenue stood at about USD 17.9 billion. It also exceeded the full-year 2025 revenue of Li Auto, NIO, and XPeng combined.
CATL’s strong performance highlights its central role in China’s EV ecosystem. Most automakers rely on its batteries for their electric models. The company also maintains joint ventures with brands such as Geely and SAIC, further strengthening its industry presence.
