CATL Q1 Earnings Beat Expectations, Shares Hit Record Highs

CATL beat first-quarter 2026 revenue and profit expectations, with battery shipments topping 200 GWh.

The strong results pushed shares to record highs and signaled continued share gains despite a softer NEV market.

CATL also unveiled a RMB 30 billion plan to set up a subsidiary for upstream mineral resource investment and management.

The move is aimed at securing materials, strengthening supply-chain resilience, and reducing exposure to lithium price swings.