EV battery firm CATL's Sept China market share slumps, bodes ill for Q3 results

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 32 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 63%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

Electric battery giant CATL saw its China market share tumble to the lowest in more than a year in September, data showed, underscoring the challenges it...

BEIJING - Electric battery giant CATL saw its China market share tumble to the lowest in more than a year in September, data showed, underscoring the challenges it faces from smaller rivals and weakener demand in the world's largest electric vehicle market.

Second-ranked BYD and third-placed CALB both boosted their shipments in China by more than 71% in the first nine months of this year, far outpacing CATL's 18.8% growth, according to the data. CATL, which counts Tesla as its biggest client, is expected to report 14.6 billion yuan in third-quarter net profit, according to one estimate provided by LSEG.

Smead Capital drew parallels between today's stock market and the Tulip Mania of 1636 and the South Sea Bubble of 1720. -- A joint venture tied to a Pacific Investment Management Co. fund surrendered a portfolio of 20 hotels with a $240 million mortgage.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 47. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

EV battery firm CATL's Sept China market share slumps, bodes ill for Q3 resultsExplore stories from Atlantic Canada.
Source: SaltWire Network - 🏆 45. / 63 Read more »