CATL reports profit jump
Contemporary Amperex Technology Co. Ltd. (CATL) (300750.SZ) reported a net profit of 43.3 billion yuan for the first half of 2026, a 42% increase year over year, according to its earnings released Friday. Revenue grew 54.8% to 276.9 billion yuan. In the first half, CATL’s existing production capacity stood at 525 gigawatt-hours with a utilization rate of 94.9%, while an additional 764 gigawatt-hours of capacity is under construction.