China's CATL third-quarter profit growth slowest in nearly two years as competition intensifies
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8 Articles
The Economic Times
Times of IndiaChina'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 Chinas 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.
China’s CATL third-quarter profit growth slowest in nearly two years as competition intensifies
BEIJING, Oct 20 (Reuters) - Net profit growth at China's CATL slowed sharply in the third quarter, hit by fierce competition in the electric vehicle battery market as China's auto sales growth cooled. • Net profit at the world's largest EV battery ma...
CATL, the world's largest electric car battery manufacturer, reported third-quarter results that fell short of analysts' expectations, citing intensifying market competition and a slowdown in Chinese car sales.
CATL's net profit growth slowed significantly in the third quarter, affected by the slowdown in China's auto sales growth and increasingly fierce competition in the electric vehicle battery market.
Chinese battery giant CATL hit by profit slowdown as EV headwind fears grow
Chinese battery giant Contemporary Amperex Technology Limited (CATL) has recorded a surprise slowdown in third-quarter net profits, as analysts warned the company could be hit by slowing demand from China’s electric car industry next year. The world’s largest electric vehicle battery maker posted…
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