Contemporary Amperex Technology, CNE100003662

CATL starts Hungary production as Contemporary Amperex Technology stock holds CNY 1.3 trillion value

Published on 10/01/2026 at 15:13 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

CATL's Debrecen plant targets 100.0 GWh of annual capacity. Q2 revenue reached CNY 147.8 billion in 2026.

Contemporary Amperex Technology, CNE100003662, Illustration mit AI erstellt.

CATL started battery cell production at its Debrecen plant on September 30, 2026, while Contemporary Amperex Technology stock carried a CNY 1.3 trillion market value. Caixin Global reported that the facility has planned annual capacity of 100.0 gigawatt-hours and is designed to serve European automakers including Mercedes-Benz Group and BMW.

Hungary adds overseas capacity

The Debrecen operation gives Contemporary Amperex Technology a larger European manufacturing footprint alongside its plants in Germany and Spain. The 100.0 GWh plan makes the Hungarian site the company's largest overseas production base, although the plant still has to move from initial cell production toward full-scale manufacturing.

KrASIA reported that the first two production lines were being tested and optimized after trial production began on September 22, 2026. The same report said the company completed three September buybacks totaling CNY 1.6 billion under a July repurchase plan worth CNY 20.0 billion to CNY 40.0 billion.

Second-quarter figures set the baseline

Contemporary Amperex Technology reported CNY 147.8 billion of revenue and CNY 22.5 billion of net income in the second quarter of 2026, with diluted earnings per share of CNY 4.90. Stock Sentinel also reported first-half 2026 revenue of CNY 276.9 billion, up 54.80 percent year over year, and attributable net profit of CNY 43.3 billion, up 41.98 percent.

The contrast is important for investors: production expansion is accelerating at the same time as the company remains exposed to battery pricing, permitting and workplace-safety requirements. On the Shenzhen Stock Exchange, the stock was last quoted at CNY 291.11 on September 30, 2026, up 1.50 percent from the prior close of CNY 286.80. The 2026 second-quarter revenue figure was 6.67 percent above the CNY 138.55 billion consensus cited by Stock Sentinel.

Scale now meets execution

CATL's Hungary start turns overseas capacity from a construction project into an operating asset, but the 100.0 GWh figure remains a planned capacity rather than a reported production rate. The next test is whether the Debrecen lines can scale reliably while the buyback supports per-share value.