Business2 sources
CATL Reports Profit Slowdown Amid EV Demand Concerns
- CATL reported a net profit of 21.25 billion yuan for Q3, up 14.54% year-over-year.
- Analysts warn of potential slowing demand from China’s electric car industry in the coming year.
- CATL's Hong Kong-listed shares maintain a premium over Shenzhen-traded peers, reflecting investor divide.
- The company's valuation gap highlights differing views between onshore and offshore investors.
- CATL's earnings report is expected to provide further insights into the company's future prospects.