CATL rises to 3rd among top auto suppliers as revenue jumps
Electrification is driving Chinese auto-parts makers’ rapid global expansion, with China producing about 35 million vehicles in 2024. In Automotive News’ 2025 Global Top 100 Suppliers ranking based on original equipment sales, CATL’s revenue increased 25% to $44.1 billion, lifting it to 3rd and surpassing Magna and ZF, reflecting broader competitive shifts toward Chinese suppliers.