China's CATL sees faster profit growth in Q3
ReutersOct 18, 2024 11:21 AM
BEIJING (Reuters) - Chinese electric vehicle battery giant CATL recorded a 26.0% rise in third-quarter profit year-on-year, a stock filing showed on Friday, as it maintains a lead over smaller rivals.
CATL raked in 13.14 billion yuan ($1.85 billion) in net profit for July-September, while its revenue fell 12.5% year-on-year to 92.3 billion yuan.
($1 = 7.1025 Chinese yuan renminbi)
(Reporting by Qiaoyi Li, Zhang Yan, Ethan Wang and Kevin Krolicki; Editing by Tomasz Janowski)
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