CALB

Business

CALB (中创新航, CALB Group Co., Ltd.) makes batteries for electric vehicles and for energy storage. Revenue is reported as EV batteries and energy storage products and others (2026 interim results announcement, p. 7).

Results

In the first half of 2026 revenue rose 65.0% to ¥27.08bn and gross profit was ¥4.53bn, a 16.7% margin (our calculation). The profit for the period doubled to ¥1.52bn, of which ¥935.1m was attributable to owners of the company (p. 2). Sales of EV batteries were ¥16.51bn and energy storage products and others ¥10.58bn, 39% of the total (p. 7).

Customers and markets

Of its revenue, ¥25.90bn came from mainland China, ¥616m from Asia, ¥559m from Europe and ¥6m from the Americas (p. 7). The announcement does not name vehicle customers.

Where it stands

CALB is a smaller, mainland-focused maker next to CATL, and its storage line is growing faster than its EV line: storage products and others rose 83.8%, against 54.8% for EV batteries (our calculation from p. 7). Its sales outside mainland China, about 4% of revenue, are small.