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CATL Defies Market Headwinds

As the lithium battery industry enters a period of adjustment, the performance of leading manufacturers, such as CATL, has become a focal point of market interest.

On April 20, CATL released its first quarter report, revealing revenues of CNY 89.04 billion ($12.47 billion) for Q1 2023, a year-on-year increase of 92.9%; net profit of CNY 9.82 billion ($1.37 billion), a year-on-year increase of 558.0%; and non-net profit of CNY 7.80 billion ($1.09 billion), a year-on-year increase of 698.4%.

These results highlight the resilience of. . .

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