Battery giant CATL posts surprise profit slowdown, mainland China shares tumble over 10%
After publishing: 1 headline quietly rewritten1 change
- South China Morning Postseen 23 Oct, 04:18headline rewritten
Chinese battery giant CATL hit by profit slowdown as EV headwind fears growBattery giant CATL posts surprise profit slowdown, mainland China shares tumble over 10%
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How it spread - 2 original reports
Tue, 20 October 2026
1 report- South China Morning Post12:56first to reportedited after publishing
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Chinese battery giant CATL hit by profit slowdown as EV headwind fears growChinese battery giant Contemporary Amperex Technology Limited (CATL) extended its stock price rout after recording a surprise slowdown in third-quarter net profits, as analysts warned the company could be hit by slowing demand from China’s electric car industry next year. The world’s largest electric vehicle (EV) battery maker saw its shares continue to tumble by over 10 per cent in Shenzhen and 8.6 per cent in Hong Kong in the morning session on Wednesday. The Fujian province-based firm...
Sat, 31 October 2026
1 report- South China Morning Post08:00
Contemporary Amperex Technology Ltd (CATL) has doubled down on new businesses including battery swapping and energy storage as the world’s largest battery maker seeks new growth drivers amid intensifying price wars and mounting pressure on profitability. But the new path is far from straightforward. Established players like Nio have already built a strong presence in battery swapping, while BYD has reinforced its position in energy-storage systems. Lucas Zhang Liutong, director of Hong...