CATL is trading at THB 3.98, down 9.95% in live trading, after third-quarter profit growth missed analysts’ expectations.
- Third-quarter net profit rose 14.5% year over year, below analysts’ expected 41.2% growth; revenue also undershot forecasts.
- Reuters reported profit growth was the slowest in nearly two years, amid fierce battery-market competition and cooling Chinese auto sales.
- CATL also disclosed truck-battery upgrades and expansion of its swap network.