CATL reports 15% YOY growth in net profit to $7.01 billion in 2024
CATL's net profit rose by 15% to 50.7 billion yuan in 2024, despite an annual revenue decline and intensified price wars in the EV sector
CATL, a leading Chinese electric vehicle battery manufacturer, reported a 15% year-over-year increase in its net profit to 50.7 billion yuan (about $7.01 billion) for the full year of 2024.
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