CATL Third-Quarter Net Profit Rises 14.5% to 21.25 Billion Yuan
Contemporary Amperex Technology reported third-quarter net profit of 21.25 billion yuan, up 14.5%, as revenue surged. Higher costs weighed on results.
By Jiahui Huang and P.R. VenkatChina's Contemporary Amperex Technology, the world's largest battery maker, reported a rise in third-quarter profit as revenue surged on the expansion of its business.Net profit rose 14.5% to 21.25 billion yuan, equivalent to $3.18 billion, the company said late Tuesd…