Morningstar

Battery Maker CATL First-Quarter Net Rose on Strong Demand

Provided by Dow Jones Apr 15, 2026, 11:14:00 PM

By Jiahui Huang and P.R. Venkat

Chinese battery maker CATL, a supplier to Tesla, posted strong first-quarter profit growth as demand held up despite a slowdown in electric-vehicle sales in China.

Net profit rose 48.5% to 20.74 billion yuan ($3.04 billion), the company said late Wednesday. Revenue climbed 52.5% to 129.13 billion yuan.

CATL holds about a 46% share of the EV battery market, cushioning demand swings, and supplies automakers including Volkswagen, BMW and Geely.

Write to P.R. Venkat at venkat.pr@wsj.com

(END) Dow Jones Newswires

April 15, 2026 19:14 ET (23:14 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

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