CATL's booth ant the Guangzhou Auto Show. Credit: CATL Understand China EV’s Market Real-time notifications when critical EV data is released All important data in one place 2,000,000+ data points Become a member CATL’s net profit in Q1 2026 surpassed BYD, Geely, Chery, and four other leading Chinese automakers combined, Sina Auto reports. The world’s largest battery maker’s single-quarter net profit reached 20.7 billion yuan (3.06 billion USD). According to China EV DataTracker, CATL’s battery installations reached 59.52 GWh in China. The company captured 46.4% market share, showing a 3.47% growth Year-Over-Year despite sluggish EV sales caused by the phasing out of governmental subsidies. The company’s revenue reaches 129.13 billion yuan (17.9 billion USD). According to the source, it exceeds the full-2025 revenue of Li Auto, Nio, and Xpeng combined. Moreover, the CATL’s net profit attributable to shareholders was 20.7 billion yuan as of Q1 2026. It easily surpassed the combined single-quarter profits of seven leading Chinese automakers: Chery, Geely, BYD, SAIC, GWM, Seres, and Changan. Their total Q1 net profit was approximately 17.5 billion yuan (2.59 billion USD). We listed Q1 net profits of the mentioned companies below: CATL – 20,7 billion yuan (3.06 billion USD) Chery – 4.17 billion yuan (617.1 million USD) Geely – 4.16 billion yuan (615.6 million USD) BYD – 4.08 billion yuan (603.8 million USD) SAIC – 3.02 billion yuan (446.9 million USD) GWM – 945 million yuan (139.8 million USD) Seres – 754 million yuan (111.6 million USD) Changan – 351 million yuan (51.9 million USD) It is worth noting that the CATL’s net profit reached 72.2 billion (10.68 billion USD) in 2025, exceeding the combined result of the 13 A-share listed automakers that had already released their profits at that time. The CATL’s financial results underline its role in the supply chain of Chinese automakers. The vast majority of them adopt batteries from the Ningde-based company. Moreover, a lot of car makers run joint ventures with CATL, including Geely and SAIC. The world’s biggest battery maker also actively develops its battery swap infrastructure in China. It is worth noting that CATL’s chairman, Dr Robin Zeng, previously mentioned that the industry is years away from mass-producing solid-state batteries.