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CATL 2024 profit growth slowest in 6 years

CATL
CATL's fourth-quarter net profit rose 15 percent to 50.7 billion yuan ($7.01 billion), versus the company’s forecast of 11.1 percent - 20.1 percent growth. (Qilai Shen/BLOOMBERG)
RN
By:
Reuters News
March 14, 2025 02:47 PM

BEIJING ― CATL reported 15 percent growth in 2024 net profit, the slowest pace in six years, as a prolonged price war in China’s electric vehicle market put pressure on the Chinese EV battery giant.

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