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CATL Profit More Than Doubled in 3Q as Sales Surged

   By Yifan Wang 
 

Contemporary Amperex Technology Co.'s third-quarter profit more than doubled, driven by surging sales of its electric-car batteries.

The Tesla supplier said late Wednesday that its net profit came in at 3.27 billion yuan ($511.5 million).

Revenue also more than doubled to CNY29.29 billion, as sales volume sharply rose.

 

Write to Yifan Wang at yifan.wang@wsj.com

 

(END) Dow Jones Newswires

October 27, 2021 20:22 ET (00:22 GMT)

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