CATL saw second-quarter profit rebound from the first quarter, while gross margin remained flat.

Gross margin for the energy storage battery business was 28.87 percent in the first half, up 7.55 percentage points from the same period last year.

Revenue from the battery materials and recycling business amounted to RMB 14.3 billion in the first half of the year, an increase of 13.02 percent year-on-year. The gross profit margin of the business for the first half was 8.21 percent, a decrease of 8.74 percentage points from the same period last year.

Revenue from battery mineral resources for the first half was RMB 2.63 billion, a decrease of 7.84 percent year-on-year. Gross profit margin of the business was 7.81 percent, a decrease of 4.12 percentage points from the same period last year.

CATL is the world's largest battery maker, and it ranked No. 1 globally in power battery usage for seven consecutive years from 2017-2023, according to South Korean market researcher SNE Research.

In January-May this year, CATL's global market share in power battery usage was 37.5 percent, up 2.3 percentage points from the same period last year, and still ranked No. 1 globally.

In the field of energy storage battery, CATL ranked first in the world in energy storage battery shipments for three consecutive years from 2021-2023.

($1 = RMB 7.2519)

Global EV battery market share in Jan-May 2024: CATL 37.5%, BYD 15.7%