Chinese batteries giant CATL messages get into the annual profit

China Modern AMPEREX technology Posted by 9.7% decrease in annual income, on Friday the submission of the exchange was shown, as the price war on the market of mainland electric vehicles secured the world’s largest manufacturer.

The revenue over the 12-month period, which ended in December, amounted to 362 billion yuan ($ 50.01 billion), slightly under the average estimate of the LSEG 368.7 billion yuan. This noted the first fall of the company in the annual profit, as the company started releasing its operating figures in 2015.

Despite the annual profit drop, net income increased by 15% a year to 50.74 billion yuan.

Profit comes as a company planned for the list On the stock exchange Hong Kong. Reuters report Alike Apnesiahous 5.32 billion dollars of public proposals At the beginning of 2021.

Chinese electric vehicles – CATL key market – switched to a higher transfer last year as a mixture of subsidies and stimulating consumers that support sales. According to the UK research firm, sales in China jumped 40%to reach 11 million vehicles Ru.

Catl-naughty battery manufacturer is known for producing lower but durable cells Tesla. Volkswagen. Lee the car. Nio As key customers and use the dominant 45% market share in China last year in terms of EV battery installation, according to China Automotive Alliance Alliance Alliance.

According to LSEG, Catl, which lists Shenzhen, has a market cap of 1.12 trillion yuan.

In January, the US Department of Defense supplied CATL and Chinese Internet giant Favorable in his list “Chinese military campaigns”, “” Which would ban the department to buy goods and services from these companies since June 2026. The company denied any participation in the military business and stated that it would work with DOD to solve “false”.

Last month, the company also made caution that uncertainty about tariffs was also a risk to business, given its global work.

The battery manufacturer pressed forward with investing abroad, including in the battery in Hungary to sell similar Mercedes and Bmwas also joint venture with the carmaker Stellantis To create a lithium iron phosphate plant in Spain.

– Lee Inu Shan brought to this report.