CATL's Battery Boom: Profit Soars Amidst Challenges
Update: 2025-10-20
Description
CATL's profits are surging despite rising competition in the EV battery market, with a 40% jump in net profit for Q3. While still the global leader, CATL's market share is slightly down as BYD gains ground. A new factory in Hungary aims to bolster CATL's international presence, but new Chinese export controls on lithium battery parts could throw a wrench in their expansion plans.
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