CATL's Q3 Profit Growth Slows Amid Rising EV Battery Competition
CATL reported a 14.5% rise in net profit to 21.2 billion yuan in the third quarter, marking its slowest profit growth in nearly two years due to intense competition in China's EV battery market. Revenue increased 58.6%. The company also introduced new heavy-duty truck batteries and announced plans to expand its battery-swapping network.
ET Markets·



