On December 1, CATL (Contemporary Amperex Technology Co., Limited) made headlines as its salary adjustment notice trended at the top of Weibo’s hot search list.
According to internal sources, CATL issued a salary adjustment notice for employees at levels 1–6, effective January 1, 2026. The base salary will increase by 150 yuan, while other compensation structures remain unchanged. The move aims to enhance employee retention and improve operational efficiency.
While the raise may seem modest, netizens reacted positively, with comments like, "Any increase is better than none." Insiders also hinted at potential special adjustments for level 7 and above employees.
As of 2024, CATL employed 132,000 workers, with an average annual salary of 236,300 yuan, up 10,600 yuan year-on-year. Financially, the company reported robust performance in the first three quarters of 2025, with revenue reaching 283.17 billion yuan (up 9.28% YoY) and net profit hitting 49.03 billion yuan (up 36.20% YoY).
CATL dominates China’s power battery market, holding a 43% share with 36.14GWh installed capacity in October. It leads in both ternary lithium and lithium iron phosphate battery segments.
On December 1, CATL’s A-share price rose 2.62% to close at 382.97 yuan, pushing its market cap to 1.75 trillion yuan.
In other developments, CATL and Stellantis broke ground on a 4.1-billion-euro LFP battery plant in Spain, set to begin production by late 2026. Meanwhile, J.P. Morgan raised its 2026 profit forecast for CATL by 10% to 94 billion yuan, citing optimistic energy storage demand. The bank also lifted its A-share target price to 520 yuan and upgraded its H-share rating to "Overweight" with a 650 HKD target.
Comments