BUSINESSJul 24 · 12:57 UTCSCMP WORLDThemis Qi

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

Chinese battery giant CATL reported record quarterly revenue and net profit in Q2, despite slightly missing market estimates due to China's weakening electric vehicle demand. The company's revenue reached 147.79 billion yuan and net profit 22.5 billion yuan, both up year-on-year.

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Contemporary Amperex Technology Co. Ltd.organizationCATLorganizationelectric vehiclestopicgreen energytopicChinaplace

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