EV slump isn't stopping CATL's battery production buildup
SHIZUKA TANABE
GUANGZHOU -- CATL, the world's largest supplier of electric-vehicle batteries, is maintaining a high pace of production investments in an effort to stay ahead of its biggest rivals.
The Chinese company, formally Contemporary Amperex Technology Co. Ltd., posted a record-high 30.4 billion yuan ($4.22 billion) net profit in January-June earnings out Wednesday. Revenue grew 17% in CATL's core EV battery segment.
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