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#quarterly profits ร—

Chinese battery giant CATL posts record quarterly profits amid green energy boom

Chinese battery giant Contemporary Amperex Technology Co Limited (CATL) slightly missed market estimates for second-quarter revenue and net profit, as Chinaโ€™s weakening demand for electric vehicles (EVs) outweighed benefits from the energy shock. The worldโ€™s largest battery maker reported a record 147.79 billion yuan (US$21.8 billion) in revenue and a record 22.5 billion yuan in net profit for the second quarter, up 56.92 per cent and 36.5 per cent year on year, respectively, according to an...