Chinese battery giant Contemporary Amperex Technology Co. Limited (CATL) saw net profit surge 42 percent compared to the same period last year, a company filing showed Friday. CATL's net profit during the first half of the year was 43 billion yuan ($6.4 billion), the filing to the Shenzhen Stock Exchange showed, as demand for energy storage critical to the AI industry grows.
Chinese battery giant Contemporary Amperex Technology Co. Limited (CATL) saw net profit surge 42 percent compared to the same period last year, a company filing showed Friday. CATL's net profit during the first half of the year was 43 billion yuan ($6.4 billion), the filing to the Shenzhen Stock Exchange showed, as demand for energy storage critical to the AI industry grows.
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