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China's CATL third-quarter profit growth slowest in nearly two years as competition intensifies

CATL reports slower third-quarter profit growth as intense competition in China’s EV battery market weighs on earnings. Net profit rises 14.5% to 21.2 billion yuan, below estimates, while revenue grows 58.6%. CATL also unveils new heavy-duty truck batteries and plans to expand its battery-swapping network.

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Economic TimesLean R·2h ago
China's CATL third-quarter profit growth slowest in nearly two years as competition intensifies
CATL reports slower third-quarter profit growth as intense competition in China’s EV battery market weighs on earnings. Net profit rises 14.5% to 21.2 billion yuan, below estimates, while revenue grows 58.6%. CATL also unveils new heavy-duty truck batteries and plans to expand its battery-swapping network.
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China's CATL third-quarter profit growth slowest in nearly two years as competition intensifies

How 1 sources are covering this

China's CATL third-quarter profit growth slowest in nearly two years as competition intensifies

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