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13 Jan
08:39

CATL sees 82.66-97.72% on-year increase in 2022 net profit

Chinese leading battery company CATL released its preliminary earnings estimate for 2022. It expects its net profit to reach about CNY 29.1 billion ($4.34 billion) to CNY 31.5 billion, an on-year increase of about 82.66%-97.72%, Kallanish learns.  CATL says in its announcement: "Domestic and overseas new energy vehicle markets are rapidly growing, and both power battery and energy storage industries are seeing continuous increases. The transition to…
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