Business · Companies · 5 hrs ago
CATL’s third-quarter profit growth slows as China EV concerns mount
China’s CATL reported slower profit growth for the third quarter, covering July to September.
CATL is the world’s largest electric vehicle battery maker.
Its net profit was 21.25 billion yuan, up 14.54% from the same period a year earlier.
That growth was down from 36% in the second quarter and 57% in the final quarter of 2025.
Revenue still rose 58.58% year on year to 165.22 billion yuan.
Analysts warn China’s EV market could bring headwinds, including slower demand next year.
They also say CATL and other battery makers may face pressure from a revived domestic consumption tax and the end of other fiscal benefits.
CATL’s third-quarter net profit rose 14.54% year on year, a sharp slowdown from earlier growth.
The world’s largest electric vehicle battery maker reported net profit of 21.25 billion yuan for July-September.
Its third-quarter revenue increased 58.58% year on year to 165.22 billion yuan.
Analysts warned that weaker demand in China’s electric car industry could pose a risk next year.
Bloomberg reported concerns that CATL and battery rivals may face pressure from a revived consumption tax and the end of other fiscal benefits.
- Who
- Contemporary Amperex Technology Limited (CATL), the world’s largest electric vehicle battery maker.
- What
- CATL reported third-quarter net profit growth of 14.54% year on year, slowing from earlier periods.
- When
- The third quarter of 2026, covering July to September; the results were reported on October 20.
- Where
- China.
- Why
- Analysts warned of weaker demand in China’s electric car industry and pressure from a revived domestic consumption tax and the end of other fiscal benefits.
This story does not have two clearly opposing sides.
CATL’s net profit had risen 36% year on year.
CATL recorded net profit of 21.25 billion yuan, up 14.54% year on year, and revenue of 165.22 billion yuan.
CATL’s results were reported in an exchange filing.
- Third-quarter net profit
- 21.25 billion yuan
- Net profit growth
- 14.54% year on year
- Third-quarter revenue
- 165.22 billion yuan
- Revenue growth
- 58.58% year on year
- Prior-quarter profit growth
- 36% in the second quarter of 2026