Chinese battery maker CATL's first-quarter net profit jumps 33%
FILE PHOTO: A sign of battery manufacturer CATL is pictured at its booth the Beijing International Automotive Exhibition, or Auto China 2024, in Beijing, China, April 25, 2024. REUTERS/Tingshu Wang/File Photo
BEIJING : Chinese electric vehicle battery giant CATL increased first-quarter net profit by 32.9 per cent year on year, a stock market filing showed on Monday.
CATL reported net profit of 14 billion yuan ($1.91 billion) for the January-March period on revenue up 6.2 per cent at 84.7 billion yuan.
($1 = 7.3119 Chinese yuan renminbi)
Source: Reuters
