Today, CATL (Contemporary Amperex Technology Co., Limited) released its 2025 financial report, with impressive performance, becoming an important highlight in the new energy industry. Data show that the company’s operating income in 2025 reached 423.7 billion yuan, a year-on-year increase of 17%; the net profit attributable to shareholders of listed companies was 72.2 billion yuan, a year-on-year increase of 42%, with an average daily net profit of nearly 200 million yuan, and the profit scale exceeded the sum of more than a dozen major domestic automakers.

At the same time, new energy automakers show a polarization trend. The delivery volume of Tesla’s Shanghai Gigafactory in February 2026 reached 58,600 units, a year-on-year increase of 91%, of which the sales volume of Model Y won the championship of SUV sales in February, showing strong market competitiveness. The MG brand also announced that it will invest 10 billion yuan in new energy in the next two years, planning to launch 13 new energy models, covering pure electric and plug-in hybrid forms. The MG 4X, which is the first to be equipped with semi-solid-state batteries, is positioned in the 100,000-yuan market, focusing on the cost-performance track.

In contrast, Porsche released its 2025 financial report, with performance dropping sharply. Its revenue was 36.27 billion euros, a year-on-year decrease of 9.5%, and its operating profit plummeted by 93%, mainly affected by strategic adjustments, investment in battery business and US tariffs. In addition, BYD is evaluating entering the F1 race, hoping to enhance its global brand influence through top-level events, and the competition in the new energy industry is becoming increasingly fierce.