CATL's Third-Quarter Profit Rose 11% on Higher Sales
The world's largest maker of electric-vehicle batteries posted an increase in third-quarter profit, but came up short of analyst expectations.
The third-quarter profits of Chinese battery manufacturer Contemporary Amperex Technology Co. rose by 11%, boosted by higher sales. However, they fell short of analysts' expectations.
The world's biggest maker of electric vehicle batteries reported a quarterly profit of 10,43 billion yuan (1,43 billion dollars), up from CNY9.42billion in the same period last year.