Key facts
- CATL's third-quarter profit growth was the slowest in nearly two years.
- Intensifying competition is cited as a reason for the slowdown.
Contemporary Amperex Technology Co. Ltd. (CATL), the world's largest electric vehicle battery maker, experienced its slowest profit growth in nearly two years during the third quarter. The company's earnings have been impacted by intensifying competition within the sector. This slowdown is prompting concerns among investors about the performance of other Chinese battery manufacturers.
