CATL, the world's largest power battery maker, has released its H1 with a 67.5 percent year-on-year increase in revenue, to 189 billion yuan (US$26 billion). Net profit rose 153.6 percent passing 20 billion yuan.
The money mostly came from power batteries and energy storage, accounting for 88 percent of revenue.
Production capacity grew at a faster pace (up 65 percent) than actual production, which led to a decrease in capacity utilization.
CATL is also focused on mineral resources. In January the company acquired Sinuowei Mining, a bankrupt company holding the exploration rights for a massive lithium mine in Sichuan province.
