Ningwang’s performance is stunning, Wall Street collectively optimistic: Limited impact from lithium price increase, expansion expected to accelerate this year
CATL delivered an unexpectedly strong performance. Net profit attributable to shareholders in the fourth quarter of 2025 reached 23.167 billion yuan, a year-on-year surge of 57.1% and a quarter-on-quarter increase of 25%, far exceeding market expectations of around 19.6 billion yuan—marking the largest year-on-year growth in