CALB forecasts 100% increase in H1 2026 net profit

CALB Group Co., Ltd. has issued a profit alert for the first half of 2026, forecasting a net profit between RMB 1.506 billion and RMB 1.581 billion. This represents a year-on-year increase of approximately 100% to 110% compared to the RMB 753 million recorded during the same period last year.

The company attributed this growth to an expanding customer base and increased application scenarios across passenger vehicles, commercial vehicles, and energy storage sectors. In the energy storage segment, CALB reported shipments exceeding 30 GWh in H1 2026, ranking fifth globally in both overall and utility-scale energy storage cell shipments.

CALB has strengthened its position in the electric vehicle supply chain through several key partnerships. The company is an exclusive battery cell supplier for certain XPeng models, including the GX series and the G9L. Additionally, CALB is a core co-development partner for Huawei’s Giant Whale Battery Platform, supplying products for HIMA-related brands like Luxeed and SAIC. The company has also entered the supply chain for Xiaomi Auto, providing ternary lithium-ion batteries for the SkyNomad series.