From Yahoo Finance: 2025-04-14 07:55:00

Chinese electric vehicle battery giant CATL reported a 32.9% increase in net profit in the first quarter of 2025, reaching 14 billion yuan. Revenue also rose 6.2% to 84.7 billion yuan, ending five quarters of decline. CATL is seeking a listing on the Hong Kong Stock Exchange, aiming to raise at least $5 billion.

The planned share sale has been approved by the China Securities Regulatory Commission, with the listing expected to take place in the second quarter of this year. CATL is also in talks to acquire a controlling stake in Nio’s power unit, which operates more than 3,000 battery swapping stations in China.

This growth comes as CATL aims to capitalize on the increasing demand for electric vehicles and sustainable energy solutions in the market. The company’s strong financial performance and strategic investments position it well for future growth and expansion in the industry.

The success of CATL reflects the broader trend towards electrification and clean energy, with companies across the globe investing in renewable technologies and sustainable transportation solutions. As the world shifts towards a greener future, CATL’s innovative battery technology and strategic partnerships place it at the forefront of this transition.

Read more: Chinese battery maker CATL’s Q1 profit grows at fastest pace in nearly 2 years