CATL reports 14.54% Q3 profit rise amid EV slowdown concerns
Briefing by News4U · First published
CATL posted a 21.25 billion yuan net profit for July-September, up 14.54% year-on-year, but analysts warn of slowing EV demand next year.
SCMP Business reported that Chinese battery giant Contemporary Amperex Technology Limited (CATL) recorded a 21.25 billion yuan (US$3.18 billion) net profit for the July-September period, marking a 14.54% year-on-year increase, though analysts warned of potential headwinds from slowing electric vehicle demand in China next year. [1]
Sources
- Chinese battery giant CATL hit by profit slowdown as EV headwind fears grow
SCMP Business · · Summary only