CATL is expecting its net profit in Q3 to range from 8.8 billion yuan (US$1.2 billion) to 9.8 billion yuan, up more than two and a half times, year on year. It will be the most profitable quarter of the company, surpassing the 8.18 billion yuan in Q4 last year.
Profit in the first nine months will add up to as much as 18 billion yuan, 132 percent more than last year.
CATL said many new factories had come online. Battery production capacity in H1 was 154 gigawatt-hours, with another 100 GWh under construction. CATL has 13 plants in China and two in Europe.
Shares of CATL has not performed so well, closing at 416.3 yuan on Tuesday, almost 30 percent below its August high.
