CATL is one of the world’s largest battery companies, with reported revenue of RMB423.7 billion in 2025 and batteries installed in more than 24 million vehicles worldwide by that year. The statistics below separate company-reported results from market estimates, forecasts and planned capacity.
Key CATL Statistics
CATL’s most broadly useful statistics include:
- RMB423.7 billion in revenue was reported by CATL for 2025, covering the consolidated group worldwide.
- RMB72.2 billion in net profit was reported by CATL for 2025, up 42% from 2024.
- 17 million-plus vehicles worldwide had CATL EV batteries installed by December 31, 2024.
- 37.9% of global EV-battery installations were attributed to CATL in the 2024 SNE Research estimate.
- 339.3 GWh of CATL EV-battery installations were estimated for the global market in 2024.
- 661 GWh of lithium-ion batteries were sold by CATL worldwide in 2025.
- 39.2% of the global power-battery market was attributed to CATL in the 2025 SNE Research estimate.
- 516 GWh of battery production was reported across CATL production facilities in 2024.
- 676 GWh of annual production capacity was reported for CATL facilities in 2024.
- 13 major manufacturing bases worldwide were reported by CATL at December 31, 2024.
- RMB253.0 billion of EV-battery revenue was reported by CATL for 2024.
- RMB57.3 billion of ESS-battery revenue was reported by CATL for 2024.
- More than 1,700 energy-storage projects worldwide had deployed CATL ESS batteries by December 31, 2024.
- 131,988 employees worldwide worked for CATL at December 31, 2024.
- 16,145 registered patents worldwide were owned by CATL at December 31, 2024.
- 210,000 tonnes of spent batteries were reported as recycled by CATL in 2025.
Contents
- Revenue, profit and margin trends
- Battery sales, market share and adoption
- Manufacturing capacity and global footprint
- EV, energy-storage and regional revenue
- Research, workforce and intellectual property
- Recycling, materials and outlook
CATL Revenue, Profit and Margin Trends
CATL’s consolidated revenue rose from RMB328.6 billion in 2022 to RMB400.9 billion in 2023, a 22.0% increase. Revenue then fell 9.7% to RMB362.0 billion in 2024, which the filing mainly attributes to lower average selling prices.
| Period | Revenue or profit | Reported change |
|---|---|---|
| 2022 | RMB328.6 billion revenue; RMB33.5 billion profit | Company-reported |
| 2023 | RMB400.9 billion revenue; RMB47.3 billion profit | Revenue +22.0%; profit +41.5% versus 2022 |
| 2024 | RMB362.0 billion revenue; RMB55.3 billion profit | Revenue -9.7%; profit +16.8% versus 2023 |
| 2025 | RMB423.7 billion revenue; RMB72.2 billion net profit | Revenue +17%; net profit +42% versus 2024 |
Source: Financial Information / CATL Global Offering Prospectus and CATL Releases 2025 Annual Report. The 2025 figures are company-reported.
Profit growth outpaced revenue growth in the reported 2023 and 2024 periods. CATL’s net profit margin was 11.8% in 2023 and 15.3% in 2024, while gross profit rose 15.0% from RMB76.9 billion to RMB88.5 billion and overall gross margin increased from 19.2% to 24.4%.
CATL Battery Sales, Market Share and Vehicle Adoption
CATL reported more than 17 million vehicles with its EV batteries installed worldwide by December 31, 2024. The company also said those batteries represented approximately one in every three EVs worldwide, although the cited passage does not further define the denominator or vehicle types.
SNE Research estimates cited in CATL materials put global EV battery usage at 894.4 GWh in 2024, up 27.2% from 703.2 GWh in 2023. CATL’s estimated installation volume was 339.3 GWh in 2024, up 31.7% from 257.7 GWh in 2023.
| Global EV-battery measure | 2023 | 2024 |
|---|---|---|
| Total market usage | 703.2 GWh | 894.4 GWh |
| CATL installation estimate | 257.7 GWh | 339.3 GWh |
| CATL installation share | 36.6% | 37.9% |
Source: Financial Information / CATL Global Offering Prospectus. These are SNE Research market estimates cited by CATL, not audited CATL shipments; installation share is not the same as CATL revenue share.
For 2025, CATL reported 661 GWh of lithium-ion battery sales worldwide, up 39% year over year. SNE Research’s estimate placed CATL’s global power-battery share at 39.2%, up 1.2 percentage points, and its overseas power-battery share at 30%; CATL said it ranked first globally for nine consecutive years through 2025 and that its batteries had been installed in more than 24 million vehicles worldwide by 2025.
CATL Manufacturing Capacity and Global Footprint
CATL production volume increased from 325 GWh in 2022 to 389 GWh in 2023 and 516 GWh in 2024. Reported annual production capacity was 390 GWh, 552 GWh and 676 GWh across those same years, so capacity and actual production should not be treated as interchangeable measures.
| Year | Production | Annual capacity | Capacity utilization |
|---|---|---|---|
| 2022 | 325 GWh | 390 GWh | 83.4% |
| 2023 | 389 GWh | 552 GWh | 70.5% |
| 2024 | 516 GWh | 676 GWh | 76.3% |
Source: Financial Information / CATL Global Offering Prospectus. Capacity utilization is company-reported.
At December 31, 2024, CATL reported 13 major battery manufacturing bases worldwide: 11 domestic bases in China and two overseas bases. It also reported six major R&D centers, service outlets spanning 64 countries and regions, and 13 manufacturing bases in its global organizational footprint.
The Hungary project in Debrecen was designed for 72 GWh of annual capacity across two phases: 34 GWh in Phase I and 38 GWh in Phase II. The planned investment was capped at no more than EUR7.3 billion, with an estimated construction period within 64 months; these are forward-looking design and planning figures, not operating output or final cost.
CATL EV, Energy-Storage and Regional Revenue
CATL’s 2024 EV-battery revenue was RMB253.0 billion, down 11.3% from RMB285.3 billion in 2023. Despite the revenue decline, EV-battery gross profit increased 17.2% to RMB60.6 billion, and product gross margin rose from 18.1% to 23.9%.
ESS-battery revenue was RMB57.3 billion in 2024, down 4.4% from RMB59.9 billion in 2023. ESS-battery gross profit increased 37.6% to RMB15.4 billion, while gross margin rose from 18.7% to 26.8%; more than 1,700 ESS-battery projects had been deployed worldwide by December 31, 2024.
In the first half of 2025, EV battery systems contributed RMB131.573 billion, or 73.55% of CATL revenue, while ESS battery systems contributed RMB28.400 billion, or 15.88%. These unaudited interim amounts are rounded from the report’s RMB’000 tables.
CATL’s first-half 2025 revenue was RMB178.886 billion, up 7.27% from RMB166.767 billion in first-half 2024. Mainland China accounted for 65.78% of external revenue in the first half of 2025, compared with 69.70% in first-half 2024, while other countries and regions accounted for 34.22%, compared with 30.30%.
Sources: Financial Information / CATL Global Offering Prospectus and Interim Report 2025. The geographic percentages use customer location where services are provided or goods delivered; the interim report figures are unaudited.
CATL also reported that energy-storage battery shipments represented 30.4% of the global market in 2025, based on an SNE Research estimate cited by the company. Its energy-storage-system integration shipments grew by more than 160% year over year in 2025; the exact growth rate was not supplied.
CATL Research, Workforce and Intellectual Property
CATL R&D expense was RMB15.5 billion in 2022 and RMB18.4 billion in 2023, reaching RMB18.6 billion in 2024. The company reported RMB22.1 billion of R&D investment in 2025 and said cumulative research investment exceeded RMB90 billion over approximately the decade through 2025; the terminology and periods differ between these disclosures.
At December 31, 2024, CATL had 131,988 employees worldwide. Production employees numbered 96,725, or 73.3% of the workforce, while technology employees numbered 20,346, or 15.4%.
| CATL workforce or IP measure | Reported value | Period |
|---|---|---|
| Total employees | 131,988 | Dec. 31, 2024 |
| Production employees | 96,725; 73.3% | Dec. 31, 2024 |
| Technology employees | 20,346; 15.4% | Dec. 31, 2024 |
| Registered patents | 16,145 | Dec. 31, 2024 |
| Patent applications | 27,209 | Dec. 31, 2024 |
Source: Financial Information / CATL Global Offering Prospectus. Patent applications are not the same as granted patents.
CATL Recycling, Materials and Battery-Industry Outlook
The cited global battery-recycling market is projected to reach 949 GWh by 2030. GGII estimates cited by CATL put the market’s CAGR at 27.4% for 2020–2024 and project 28.7% for 2024–2030; the latter is forward-looking, and the series includes retired batteries plus waste materials from battery and materials production.
CATL reported recycling 210,000 tonnes of spent batteries in 2025 and said the activity regenerated 24,000 tonnes of lithium salts. These are company-defined operational measures, and regenerated lithium salts are an output measure rather than a direct measure of lithium metal recovered.
In a 2025 case study at the SenseTime AI data center in Shanghai, CATL said its storage technology saves more than 10 million kWh annually and reduces electricity costs by 7%. This is a site-specific company case-study result, not a general outcome for every CATL installation.
Sources: Financial Information / CATL Global Offering Prospectus and CATL Releases 2025 Annual Report. Forecasts, designed capacities and case-study outcomes may differ from later operating results.