Contemporary Amperex Technology's 3Q Net Rises, Higher Costs Weigh
By Jiahui Huang and P.R. Venkat
China's Contemporary Amperex Technology, the world's largest battery maker, reported a rise in third-quarter profit as revenue surged on the expansion of its business.
Net profit rose 14.5% to 21.25 billion yuan, equivalent to $3.18 billion, the company said late Tuesday. Revenue climbed 58.6% to 165.22 billion yuan.
The results come as CATL seeks to sustain earnings growth amid intensifying competition in China's electric-vehicle market, where price pressures and slower demand have raised questions about battery makers' profitability.
For the nine-month period, net profit rose 31.6% to 64.53 billion yuan, while revenue was up 56.2% to 442.14 billion yuan.
Operating costs rose 61.6% to 341.70 billion yuan, and net finance income fell to 1.45 billion yuan from 7.02 billion yuan a year earlier, which the company attributed mainly to foreign-exchange losses.
Write to P.R. Venkat at venkat.pr@wsj.com and Jiahui Huang at jiahui.huang@wsj.com
(END) Dow Jones Newswires
October 20, 2026 19:38 ET (23:38 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.The articles, information, and content displayed on this webpage may include materials prepared and provided by third parties. Such third-party content is offered for informational purposes only and is not endorsed, reviewed, or verified by Morningstar.
Morningstar makes no representations or warranties regarding the accuracy, completeness, timeliness, or reliability of any third-party content displayed on this site. The views and opinions expressed in third-party content are those of the respective authors and do not necessarily reflect the views of Morningstar, its affiliates, or employees.
Morningstar is not responsible for any errors, omissions, or delays in this content, nor for any actions taken in reliance thereon. Users are advised to exercise their own judgment and seek independent financial advice before making any decisions based on such content. The third-party providers of this content are not affiliated with Morningstar, and their inclusion on this site does not imply any form of partnership, agency, or endorsement.
Popular
4 Stocks to Buy for the Long-Term While They’re Still Undervalued
6 ETFs To Diversify Away From AI
Are TIPS ETFs the Best Way to Fight Inflation?
What’s Ahead for Stocks This Quarter—and Where to Invest
United States