---
title: "Citi: CATL's Q1 Net Profit Slightly Beats Market Expectations, Market Share and Other Factors Drive EV Battery Sales"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/282917138.md"
description: "According to a Citi report, CATL's first-quarter net profit increased by 49% year-on-year, slightly exceeding market expectations, with consensus estimates expected to be revised upward. The company's strong electric vehicle battery sales were driven by an increase in market share, higher battery capacity per vehicle, robust sales of commercial electric vehicles, and restocking demand from original equipment manufacturers (OEMs). Citi maintains CATL as its top pick with a target price of 576 yuan"
datetime: "2026-04-16T01:11:41.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/282917138.md)
  - [en](https://longbridge.com/en/news/282917138.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/282917138.md)
generator: "portal-rs"
---

# Citi: CATL's Q1 Net Profit Slightly Beats Market Expectations, Market Share and Other Factors Drive EV Battery Sales

Citi stated that CATL's first-quarter net profit grew by 49% year-on-year, meeting the bank's expectations but slightly exceeding market expectations, leading to anticipated upward revisions in consensus estimates. The bank noted that CATL's robust electric vehicle battery sales were driven by an increase in market share, higher battery capacity per vehicle, strong sales of commercial electric vehicles, and restocking demand from original equipment manufacturers (OEMs). Citi maintains CATL as its top pick and keeps the A-share target price at 576 yuan.

### Related Stocks

- [300750.CN](https://longbridge.com/en/quote/300750.CN.md)
- [HCCD.SG](https://longbridge.com/en/quote/HCCD.SG.md)
- [03750.HK](https://longbridge.com/en/quote/03750.HK.md)

## Related News & Research

- [‘Open Your Eyes,’ Says Top Investor About Oracle Stock](https://longbridge.com/en/news/301160283.md)
- [Marvell Now Sees as Much as $90 Billion in Annual Sales by Fiscal 2031. Here's Why It's a Chip Stock to Buy.](https://longbridge.com/en/news/301114413.md)
- [Palantir vs. Oracle – Why Daniel Ives Says Buy One, Hold the Other](https://longbridge.com/en/news/301155464.md)
- [Broadcom's AI Revenue Is Growing at 221%. Here's Why Custom Chips Could Be a Bigger Business Than GPUs.](https://longbridge.com/en/news/301141333.md)
- [LIVE MARKETS-TSMC earnings could cause another round of consensus upgrades](https://longbridge.com/en/news/301145455.md)

---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**