Chinese battery giant CATL hit by profit slowdown as EV headwind fears grow
CATL’s profits slowed sharply in the third quarter, as analysts warn the firm is vulnerable to headwinds in China’s electric car industry
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Chinese battery giant Contemporary Amperex Technology Limited (CATL) has recorded a surprise slowdown in third-quarter net profits, as analysts warned the company could be hit by slowing demand from China’s electric car industry next year.
The world’s largest electric vehicle battery maker posted a net profit of 21.25 billion yuan (US$3.18 billion) for the July-September period, up 14.54 per cent from a year earlier, according to an exchange filing on Tuesday.
The increase marked a sharp slowdown from the 36 per cent jump recorded in the second quarter of the year and a peak of 57 per cent in the final quarter of 2025.
The company’s third-quarter revenue grew 58.58 per cent year on year, reaching 165.22 billion yuan.
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