In the season of Q3 result releases, battery manufacturer CATL has reported record financial performance. Cumulative revenue from Q1–Q3 rose from RMB259bn ($36bn) in 2024 to RMB283bn ($39.3bn) in 2025, a year‑on‑year increase of 9%. Net profit also rose 41% between Q3 2024 and Q3 2025, from RMB13.14bn ($1.87bn) to RMB18.55bn ($2.58bn). Efficiency gains underpin profit growth Increasing efficiency has […]
> R&D is key to how any future-facing market evolves, and in batteries, it determines which company will lead the next wave of energy innovation. Across leading cell manufacturers, R&D spending highlights sharply contrasting strategies and substantial differences within the global battery supply chain. CATL leads the way in R&D CATL has consistently led R&D investment, […]
> In the first half of 2025, the global BESS battery market showed clear signs of accelerated growth, with cell shipments in the first six months of 2025 surpassing the total volume of 2023 by over 17%. Explore how the top 10 ESS cell producers has evolved since 2023 in the interactive graphic below. Previously we examined the top BESS […]
> Benchmark has tracked over $50 billion of energy transition funding, throughout 2025 in its Energy Transition Capital database, with the largest share allocated to the battery supply chain. The role of debt, grants, and equity Debt The EV, battery, and battery materials markets have matured rapidly over the past few years. As a result, debt is playing an increasingly […]
> Lithium chemical prices spiked in China on Monday following a bullish speech by the chairman of Ganfeng – the world’s third-largest lithium producer – in which it was suggested that lithium demand growth could reach 30% in 2026. In a keynote speech on 16 November at the 10th International Summit on Power Battery Application in […]
> The mining industry accounted for ~5% of global carbon emissions last year, with roughly half originating from mining vehicles. Electrifying mine sites offers an opportunity for miners to cut emissions while also reducing costs. With 30%–50% of a mine’s energy costs attributed to diesel, replacing internal combustion fleets can deliver significant savings. “Mining electrification is […]
> After an almost two-year hiatus, the German government plans to revive subsidies for electric vehicles (EVs) in January 2026, aligning with many other European nations in subsidising EVs. The package, expected to total around EUR3 billion (~$3.3 billion), will be funded through the federal Climate & Transformation Fund and the EU’s Social Climate Fund. How will the support […]
> Benchmark Mineral Intelligence today announced the commercial launch of its new 314Ah lithium iron phosphate (LFP) cell price for energy storage applications. The announcement comes as global LFP battery cell prices show signs of recovery, following a marked rebound in lithium carbonate costs and tightening supply conditions across the battery materials market. Benchmark’s Head of […]
> CATL has revised its 2026 production guidance upwards by 30% to 1,300GWh, the battery giant’s suppliers report. The new target signals growing confidence in the resilience of China’s EV and ESS markets, even as China’s EV trade-in policy scheme is set to expire at the end of the year. Commercial vehicles and battery energy stationary […]