In early spring, construction sites in North China are lined with tower cranes and roaring machinery. This is the Handan base of China Innovation Aviation's 51GWh power battery and energy storage battery system with a total investment of 10 billion yuan. The main steel structure is rising from the ground, and the goal is to start production by the end of September this year. Almost simultaneously, in Jiangmen, Guangdong Province in southern China, a second phase project of a base with a total investment of 12 billion yuan and an annual output of 35GWh batteries has just received energy-saving approval, paving the way for production in 2027.

At the beginning of 2026, the leading player in the domestic power battery field, Innovation Airlines, has launched a new wave of capacity expansion with its two new bases in the north and south, with a total investment of 22 billion yuan and a total annual production capacity of 86 GWh. But this is just the tip of the iceberg, behind it is a clear growth curve that runs through technology, market, and supply chain, with strong momentum that is difficult to stop.

Profit forecast increase of up to 160%

All confidence comes from impressive performance. On February 27, 2026, CALB released an exciting profit forecast for the year 2025: it is expected that the annual net profit will reach 2.025 billion to 2.193 billion yuan, a year-on-year increase of 140% to 160% compared to the same period in 2024, which was 844 million yuan. This not only means doubling profits, but also the highest profit growth rate since the establishment of the company.

The announcement attributes the growth to breakthroughs in technology scaling across multiple markets. In the field of passenger cars, its 5C ultra charged lithium iron battery has become a standard configuration for all new cars of Xiaopeng Motors, becoming the world's largest 5C lithium iron product in terms of delivery volume, firmly seizing the opportunity of the 800V high-voltage fast charging era. More forward-looking is that in 2025, known as the "first year of low altitude economy", China Innovation Aviation has launched cylindrical semi-solid state batteries, which have become the core supplier of multiple electric vertical takeoff and landing aircraft with excellent performance, seizing the opportunity in the new track.

Comprehensive efforts are being made in passenger cars, commercial vehicles, and energy storage

The growth of CALB is not just about walking on one leg, but has formed a pattern of three major engines driving passenger cars, commercial vehicles, and energy storage.

The "friend circle" of passenger cars continues to expand: customers have extended from mainstream brands such as Xiaopeng, Lingpao, Geely, Changan in China to international giants such as Toyota, Volkswagen, and Hyundai, and cooperation has entered a substantive stage, laying the foundation for going global.

Commercial vehicles have become the "ace of growth": solutions for scenarios such as heavy trucks and port transportation have achieved significant results. In the first half of 2025, the installed capacity of commercial vehicle batteries in China surged by more than 310% year-on-year, and the delivery volume in January 2026 increased by as much as 630% year-on-year. It deepened cooperation with leading enterprises such as China National Heavy Duty Truck Group and Chery, and entered the forefront of the commercial vehicle industry.

Energy storage transforms into a 'second growth pole': The performance of energy storage business is particularly impressive. In terms of products, battery cells continue to iterate towards large capacity, taking the lead in upgrading the second-generation 314Ah battery cells and launching the industry's first 600Ah+laminated battery cells, promoting breakthroughs in energy density of energy storage systems. In terms of market, by 2025, its global energy storage shipments will double and grow, ranking among the top four in the world, with business revenue accounting for 35.1%. Recently, the company also signed a two-year, no less than 10GWh energy storage cell procurement agreement with New Energy, locking in large orders.

Bet on solid-state batteries and lock in the supply chain

Facing future competition, CALB has built a "moat" at both ends of the technology and supply chain.

Technology betting on the next generation: By 2025, its all solid state battery test line has been completed, and the boundaryless all solid state battery with an energy density of 430Wh/kg has entered the pilot stage. We plan to promote the pilot installation of 400Wh/kg solid-liquid hybrid batteries in 2026, accelerating the process of "semi-solid loading and all solid state mass production".

Supply chain security: To ensure the stability of raw materials and cost advantages, CALB has signed a five-year purchase agreement for 200000 tons of lithium salt with Chengxin Lithium from 2026 to 2030, and reached a copper foil supply cooperation of up to 40 billion yuan with Nord Group, providing sufficient "food and forage" for future capacity wars.

From the explosive performance in 2025 to the massive expansion of production at the beginning of 2026, CALB's growth logic has become clear: it is breaking away from dependence on a single market and steadily moving from an industry "dark horse" to a global giant with long-term competitiveness through the coordinated development of its three major businesses of passenger cars, commercial vehicles, and energy storage, as well as a forward-looking layout for solid-state batteries and global customer and market development. This high-speed tank pressed the accelerator again in the spring of 2026.Editor/Yang Meiling