CALB Group Co., Ltd. (CALB or the Company, HKG: 3931) announced its unaudited condensed consolidated interim results for the six months ended June 30, 2026 (the Reporting Period). During the Reporting Period, the Company recorded revenue of approximately RMB27.08 billion, representing a year-on-year increase of 65.0%, and net profit of approximately RMB1.52 billion, representing a year-on-year increase of 102.2%. The strong growth in the Company’s results was mainly attributable to the expansion of new customers and application scenarios, as well as the continued ramp-up of new products across passenger vehicles, commercial vehicles and energy storage, driving sustained growth in business scale.

According to statistics from leading industry organizations, global power battery installations reached 608.5GWh in the first half of 2026, representing a year-on-year increase of 20%, while global energy storage cell shipments reached 467.84GWh, up 94.76% year-on-year, reflecting the continued rapid growth of the global new energy industry.

In recent years, CALB has continued to advance its two core businesses of power batteries and energy storage, while expanding into application scenarios including new energy vessels, low-altitude mobility and robotics. With continued innovation in technologies and products and further expansion into domestic and overseas markets, the Company’s business portfolio has continued to broaden.

Broad Coverage of Mainstream Automakers, with Global Power Battery Market Share Continuing to Rise

In the passenger vehicle segment, CALB’s customer portfolio has continued to optimize, with broad coverage of mainstream automakers and steady progress in its premium and internationalization strategies. The Company has become a strategic partner in platform-based battery systems including Huawei’s Giant Whale Battery and Xiaomi’s Dragon Armor Battery, providing core power battery solutions for a range of vehicle models and series, including the LUXEED R7, LUXEED RX, SAIC Z7, and Xiaomi SkyNomad N70 Max and N90 Max, covering both LFP and ternary battery chemistries. CALB’s “UP super-charged” batteries, with their strong and stable fast-charging performance, are exclusively supplied for flagship models including the XPeng GX and G9L, and across the XPeng MONA lineup.

During the reporting period, CALB provided stable power battery supplies for customers including XPeng, Huawei, GAC and Leapmotor, while supporting global vehicle models from customers including Toyota and Mazda. New overseas platform projects with Volkswagen and Hyundai are progressing rapidly, and the power battery plant jointly established with Leapmotor is expected to commence operations soon. CALB’s passenger vehicle power battery supply volume continued to grow, with overseas installations increasing by 84% year-on-year, reflecting an accelerated global expansion.

In the commercial vehicle segment, CALB’s battery shipments increased by 225% year-on-year in the first half of 2026, with 206 newly announced vehicle models. The Company’s market share in both China and globally continued to increase, while cooperation with major heavy- and light-duty commercial vehicle customers including Sinotruk, XCMG, SANY, SHACMAN, Chery, Geely and Dongfengcontinued to expand, driving further market penetration.

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