CATL reports 48.5 percent profit growth in first quarter
The battery maker reported a net profit of 20.7 billion yuan for the first quarter. While growth slowed to 48.5 percent, the results beat analyst forecasts.
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The electric vehicle battery manufacturer CONTEMPORARY AMPEREX TECHN-A, headquartered in China, reported a moderation in its net profit growth during the first quarter of 2026. This trend reflects a softening domestic market for electric vehicles and heightened competition among battery suppliers.
