Gotion High-tech Co Ltd Class A

002074: XSHE (CHN)
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Gotion Earnings: Revenue Missed on Weak Battery Price; Higher Margin and Subsidy Led to Profit Beat

Despite a higher electric vehicle battery shipment, Gotion's gross margin lost 2 percentage points in the third quarter compared with last year, indicating battery pricing pressure amid prolonged lithium price weakness and industry competition, in our view.

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