business / news / / South China Morning Post
CATL in March reported a net profit of 72.2 billion yuan (US$10.6 billion) for last year.
CATL reported a net profit of 72.2 billion yuan in 2023, up 42 percent year-on-year.
KEY POINTS
- CATL's 2023 profit is only 8 percent less than the combined profits of China's top four carmakers.
- CATL earned 2 percent more profit than all 11 listed Chinese carmakers combined, including loss-makers.
- The top three EV battery makers control over 70 percent of the total EV battery market.
COMPANIES
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