CATL Third-Quarter Profit Growth Slows to Nearly Two-Year Low
CATL's net profit growth slowed sharply in the third quarter amid intensifying competition in China's EV battery market and cooling auto sales growth.
China’s CATL (SZSE:300750) reported a sharp slowdown in net profit growth in the third quarter, amid intense competition in the electric-vehicle battery market and cooling growth in China’s auto sales. ($1 = 6.6779 Chinese yuan renminbi)