Company Reports

CALB is one of the leading producers of lithium-ion rechargeable batteries for electric vehicles, or EVs, in China. According to China Automotive Battery Innovation Alliance and SNE Research, CALB is ranked third in China, after Contemporary Amperex Technology Co. Limited, or CATL, and BYD, with a market share of 7% as measured by EV battery installed capacity in 2025 and fourth globally with 5% market share. CALB’s major customers include leading automakers such as Guangzhou Automobile, Xpeng, and Chang’an.

CALB posted a robust 65% year-on-year revenue growth in the first half of 2026, driven by strong growth in battery shipments and gains in battery prices. However, gross margin lost 80 basis points, indicating rising cost pressure amid prolonged industry competition.

CALB posted robust 71% year-on-year revenue growth for the first quarter of 2026, driven by strong growth in battery shipment. However, gross margin narrowed 200 basis points from a year ago.

CALB is one of the leading producers of lithium-ion rechargeable batteries for electric vehicles, or EVs, in China. According to China Automotive Battery Innovation Alliance and SNE Research, CALB is ranked third in China, after Contemporary Amperex Technology Co. Limited, or CATL, and BYD, with a market share of 7% as measured by EV battery installed capacity in 2025 and fourth globally with 5% market share. CALB’s major customers include leading automakers such as Guangzhou Automobile, Xpeng, and Chang’an.

CALB's second-half 2025 revenue jumped 83% year on year, driven by strong growth in battery shipments and a recovery in battery prices. While gross margin stayed flat year on year, good operating expense control resulted in net profit tripling year on year.

CALB is one of the leading producers of lithium-ion rechargeable batteries for electric vehicles, or EVs, in China. According to China Automotive Battery Innovation Alliance and SNE Research, CALB is ranked third in China, after Contemporary Amperex Technology Co. Limited, or CATL, and BYD, with a market share of 7% as measured by EV battery installed capacity in 2025 and fourth globally with 5% market share. CALB’s major customers include leading automakers such as Guangzhou Automobile, Xpeng, and Chang’an.

The three Chinese battery producers, Contemporary Amperex Technology, CALB Group, and Gotion High-tech, all gained market share in 2025, as measured by electric vehicle battery shipments.

CALB is one of the leading producers of lithium-ion rechargeable batteries for electric vehicles, or EVs, in China. According to China Automotive Battery Innovation Alliance and SNE Research, CALB is ranked third in China, after Contemporary Amperex Technology Co. Limited, or CATL, and BYD, with a market share of 7% as measured by EV battery installed capacity in 2024 and fourth globally with 4% market share. CALB’s major customers include leading automakers such as Guangzhou Automobile, Xpeng, and Chang’an.

CALB is one of the leading producers of lithium-ion rechargeable batteries for electric vehicles, or EVs, in China. According to China Automotive Battery Innovation Alliance and SNE Research, CALB is ranked third in China, after Contemporary Amperex Technology Co. Limited, or CATL, and BYD, with a market share of 7% as measured by EV battery installed capacity in 2024 and fourth globally with 4% market share. CALB’s major customers include leading automakers such as Guangzhou Automobile, Xpeng, and Chang’an.

CALB posted a decent 85% year-on-year revenue growth for the third quarter of 2025, driven by strong growth in battery shipments. Gross margin gained nearly 600 basis points from a year ago, with good control of administrative expenses.

CALB posted decent revenue growth for the first half of 2025, with battery shipment increase offsetting sluggish battery price. Gross margin gained 190 basis points year on year, while selling and research expenses ballooned from last year.

CALB is one of the leading producers of lithium-ion rechargeable batteries for electric vehicles, or EVs, in China. According to China Automotive Battery Innovation Alliance and SNE Research, CALB is ranked third in China, after Contemporary Amperex Technology Co. Limited, or CATL, and BYD, with a market share of 7% as measured by EV battery installed capacity in 2024 and fourth globally with 4% market share. CALB’s major customers include leading automakers such as Guangzhou Automobile, Xpeng, and Chang’an.

CALB posted 42% year-over-year revenue growth for the first quarter of 2025, with 32% increase in electric vehicle battery shipments.

CALB posted 4% year-over-year revenue growth for the second half of 2024, with shipment increase offset by sluggish battery prices. Gross margin gained a mild 25 basis points year over year, while selling and administrative expenses doubled from the previous year.

CALB is one of the leading producers of lithium-ion rechargeable batteries for electric vehicles, or EVs, in China. According to China Automotive Battery Innovation Alliance and SNE Research, CALB is ranked third in China, after Contemporary Amperex Technology Co. Limited, or CATL, and BYD, with a market share of 7% as measured by EV battery installed capacity in 2024 and fourth globally with 4% market share. CALB’s major customers include leading automakers such as Guangzhou Automobile, Xpeng, and Chang’an.

According to SNE Research, CALB's electric vehicle battery shipment grew by 22% in the first 11 months of 2024 to 36.3 gigawatt-hours, or GWh, tracking in line with our expectations. The firm maintained a stable market share of 5% as measured by EV battery installed capacity.

CALB is one of the leading producers of lithium-ion rechargeable batteries for electric vehicles, or EVs, in China. According to China Automotive Battery Innovation Alliance and SNE Research, CALB is ranked third in China, after Contemporary Amperex Technology Co. Limited, or CATL, and BYD, with a market share of 8% as measured by EV battery installed capacity in 2023 and sixth globally with 5% market share. CALB’s major customers include leading automakers such as Guangzhou Automobile, Xpeng, and Chang’an.

CALB is one of the leading producers of lithium-ion rechargeable batteries for electric vehicles, or EVs, in China. According to China Automotive Battery Innovation Alliance and SNE Research, CALB is ranked third in China, after Contemporary Amperex Technology Co. Limited, or CATL, and BYD, with a market share of 8% as measured by EV battery installed capacity in 2023 and sixth globally with 5% market share. CALB’s major customers include leading automakers such as Guangzhou Automobile, Xpeng, and Chang’an.

No-moat CALB’s respective first-half revenue and net profit growths of 1.3% and 70% year on year were weaker than we expected due to a decline in electric vehicle battery selling prices and a surge in operating expenses. The company posted muted year-over-year revenue growth for the period, with shipment increase offset by sluggish battery prices. Gross margin beat with 6 percentage points gain year over year, but operating expenses more than doubled from a year ago.

CALB is one of the leading producers of lithium-ion rechargeable batteries for electric vehicles, or EVs, in China. According to China Automotive Battery Innovation Alliance and SNE Research, CALB is ranked third in China, after Contemporary Amperex Technology Co. Limited, or CATL, and BYD, with a market share of 8% as measured by EV battery installed capacity in 2023 and sixth globally with 5% market share. CALB’s major customers include leading automakers such as Guangzhou Automobile, Xpeng, and Chang’an.