Reported about 12 hours ago
Chinese battery manufacturer CATL experienced a significant 41.2% increase in net profit during the third quarter of 2025, reaching 18.5 billion yuan ($2.6 billion), amid rising competition from smaller rivals. Revenue also rose by 12.9% year-on-year, totaling 104.2 billion yuan. Despite a slight decline in global market share, CATL continues to lead in electric vehicle battery usage and is expanding its operations internationally, with a new plant in Hungary expected to commence production soon. However, new export controls from Beijing on lithium battery components may impact future expansion plans.
Source: YAHOO