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CATL profitability tops automakers by 11 times
CATL posted 17% profitability and $10 billion in 2025 net profit, far exceeding the average of eight Chinese automakers.
Image: iXBT
CATL reported a 17% profitability rate in the 2026 Fortune Global 500, more than 11 times the average for eight Chinese automakers included in the ranking. Its 2025 net profit of $10 billion matched the combined net profit of BYD, Chery, FAW and SAIC.
The ranking, published on July 29, 2026, included 10 Chinese companies from the automotive and auto-parts industries: eight automakers and two parts manufacturers, including CATL.
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CATL’s revenue and profit both increased in the first half of 2026, while many automakers faced operating pressure. Across China’s automotive industry, total profit fell 20% year over year during the period, and sector profitability was below the average for related industries.
Among the automakers, Chery recorded the highest profitability at 6.3%, followed by BYD at 4.1%. Chery entered the ranking this year for the first time as an independent publicly traded company. BYD generated nearly 40% of its total revenue overseas, while its new-energy vehicle sales ranked first globally.
Enterprise Editor
Marcus follows the money. He covers enterprise software, cloud architecture, and the tectonic shifts in Big Tech strategy. He translates dense earnings calls and complex M&A activity into actionable insights about where the industry is actually heading. If a tech giant makes a silent pivot, Marcus is usually the first to notice.
via iXBT
