CALB
CALB is the world's #4 battery titan and the fastest growing 'Tier 1' supplier in China; by capturing the high end SUV and commercial truck markets, it has achieved a massive 160% profit surge to solidify its position in the global big four.
Revenue
$6.5B
est.
Profitability
Highly Profitable
Division
Energy and Batteries
Public
Headquarters
Changzhou
Liu Jingyu (Chairwoman)
Operating Model
What They Do
CALB (China Aviation Lithium Battery) designs and manufactures high performance lithium ion batteries. They specialize in high nickel ternary batteries and next gen LFP cells for passenger vehicles, heavy trucks, and electric aircraft (eVTOL).
Who They Serve
Moat: Where They Win
Global Top 4 Presence
Secured a 5.3% global market share in 2025, successfully leapfrogging older incumbents like Panasonic.
The Commercial Lead
Dominates the Chinese heavy duty electric truck and bus segment, which requires higher durability cycles than standard cars.
Next Gen Tech
Successfully mass producing 400Wh/kg semi solid state batteries and high nickel cylindrical cells for the emerging 'Flying Car' (eVTOL) sector.
Business Model
Model Type
Revenue Streams
Profitability
Status
Highly Profitable
Revenue
$6.5B
est.
Division
Energy and Batteries
Public
Margin Profile
Expanding rapidly. Reached a profit inflection point in 2025/2026, with net profits surging over 140% as they scaled production of high margin 5C super charging cells.
Catalyst: Why Now
CALB announced a massive positive profit alert in early 2026, outperforming market expectations due to its dual drive strategy in EV and ESS. It is currently building massive gigafactories in Europe and ASEAN to capture 15% of the European market by 2027.
Competitive Landscape
* Competitive threat index · China domestic market positioning
Western Analogs
Mental model only, not a 1:1 comparison
Founder
Liu Jingyu (Chairwoman)
Founder & CEO
Liu Jingyu is one of the most powerful women in global energy. A turnaround specialist, she took over a struggling CALB in 2018 and executed a 'surgical' restructuring, pivoting the company from military grade niche batteries to mass market passenger EVs, leading them to a blockbuster Hong Kong IPO.