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This morning, shares of CATL in the A-share market opened over 5% higher, propelling its total market capitalization beyond the 2 trillion yuan mark. This milestone enabled CATL to overtake PetroChina and secure the third position in terms of total market capitalization among A-share listed companies. Last night, CATL unveiled its first-quarter financial results and disclosed its strategic move to establish a wholly-owned subsidiary aimed at safeguarding the stability of its upstream raw material supply chain. According to the data, in the first quarter of 2026, CATL reported an operating income of 129.131 billion yuan, marking a significant year-on-year increase of 52.45% and setting a new record high. Additionally, its net profit attributable to shareholders soared to 20.738 billion yuan, reflecting a robust year-on-year growth of 48.52%.
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