FILE PHOTO: Visitors look at a display of CATL operations at the Chinese battery maker's headquarters in Ningde, Fujian province, China November 8, 2024. REUTERS/Kevin Krolicki/File Photo
BEIJING (Reuters) -Chinese electric vehicle battery giant CATL saw net profit growth accelerate in the third quarter, even as it faced increased competition from smaller rivals.
Net profit rose 41.2% to 18.5 billion yuan ($2.6 billion) in the July-September period from a year earlier, picking up from a 33.7% increase in the second quarter, according to a stock filing on Monday.
