Analysis
CATL 2025 Annual Results: 121 GWh ESS Shipped, RMB 62.4 Billion ESS Revenue
CATL
📍 Ningde, China · Est. 2011Listed · SZSE: 300750 / HKEX: 3750
Overview
CATL, founded in 2011 and headquartered in Ningde, Fujian, is the world's largest battery manufacturer by shipped energy storage capacity, selling 121 GWh of storage batteries in 2025. The company is vertically integrated from LFP cell production to containerised DC block systems and has held the leading position in global energy storage battery shipments for consecutive years. Manufacturing runs across thirteen bases in China plus Thuringia in Germany and Debrecen in Hungary.
At a Glance
RMB 424B (~US$59.8B)
Revenue
185,839
Employees
121 GWh
ESS Shipments
Products
CATL offers 9 BESS products across 2 categories: Battery Cell, DC Block.
Battery Cell
LFP
280Ah, 0.5P
View specs
LFP
306Ah, 0.5P
View specs
LFP
314Ah
View specs
LFP
587Ah
View specs
DC Block
TENER
6.25 MWh
View specs
TENER Stack
9 MWh
View specs
TENER Flex
752 kWh
View specs
EnerC+
4.07 MWh
View specs
EnerOne+
407 kWh
View specs
Global Presence
CATL is headquartered in Ningde, China with manufacturing in China, Germany, Hungary. 15 known facilities worldwide.
HQ
Manufacturing
Facilities
HQ
Ningde, Fujian, China
Manufacturing
Yibin, Sichuan, ChinaLiyang, Jiangsu, ChinaZhaoqing, Guangdong, ChinaJining, Shandong, ChinaXiamen, Fujian, ChinaYichun, Jiangxi, ChinaGuiyang, Guizhou, ChinaLuoyang, Henan, ChinaShanghai, ChinaXining, Qinghai, ChinaChongqing, ChinaChengdu, Sichuan, ChinaThuringia, GermanyDebrecen, Hungary
Financials & Reports
CATL is publicly listed (SZSE: 300750 / HKEX: 3750). Key figures from FY2025. Annual report available for download.
Key Figures
RMB 424B (~US$59.8B)
Revenue
RMB 72.2B (~US$10.2B)
Net Income
26.5%
Gross Margin
RMB 22.1B (~US$3.1B)
R&D Spending
185,839
Employees
121 GWh
ESS Shipments
RMB 62.4B (~US$8.8B)
ESS Revenue
A- (S&P)
Credit Rating
Source: 2025 annual report (CNINFO). Revenue +17.04%, net profit +42.28%. Energy storage battery sales 121 GWh, up 29.13%; storage system revenue RMB 62.4B at a 26.7% gross margin. Total lithium battery sales 661 GWh. Capacity 772 GWh with a further 321 GWh under construction. Headline gross margin is the electrical machinery segment, 98.6% of revenue. Credit rating carried over from the previous profile, not re-verified.
Independent Analysis
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Stock Price Performance
Sustainability
CATL publishes an ESG report covering environmental, social, and governance practices. Key metrics from 2025.
ESG Key Figures
54,538
Patents
22,901
R&D Staff
-77% intensity vs 2022
CO2 Reduced
Source: 2025 ESG report. Carbon emission intensity per unit product down about 77% against 2022 and energy intensity down 28% over the same period. All core operational battery bases reached carbon neutrality in 2025, certified to ISO 14068-1. Patents are held or under application, domestic and international.
Independent Analysis
Analysis
CATL ESG 2025 vs 2024: What Changed
Certifications & Compliance
CATL holds 3 certifications covering quality management, environmental standards, and safety compliance.
ISO 9001
ISO 14001
ISO 45001
Reference Projects & Case Studies
Selected BESS projects officially disclosed by CATL. 2 documented projects with case studies available for download.
