Chinese EV battery giant CATL posts jump in profits
Beijing (AFP) July 26, 2024
The world's leading maker of electric vehicle batteries, China's CATL, on Friday reported a 13.4 percent jump in second quarter profits despite a battery price war weighing on sales. Founded in 2011 in the eastern coastal Chinese city of Ningde, CATL produces more than a third of the electric vehicle batteries sold worldwide. They are used in models from a long line of foreign manufactu
The world's leading maker of electric vehicle batteries, China's CATL, on Friday reported a 13.4 percent jump in second quarter profits despite a battery price war weighing on sales. Founded in 2011 in the eastern coastal Chinese city of Ningde, CATL produces more than a third of the electric vehicle batteries sold worldwide. They are used in models from a long line of foreign manufactu
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