By Jiahui Huang and P.R. Venkat
Chinese battery giant CATL, a supplier to Tesla, posted strong first-quarter profit growth as demand held up despite a slowdown in electric-vehicle sales in China.
Net profit rose 48.5% to 20.74 billion yuan ($3.04 billion), the company said late Wednesday. Revenue climbed 52.5% to 129.13 billion yuan.
CATL holds about a 46% share of the EV battery market, cushioning demand swings, and supplies major automakers including Volkswagen, BMW and Geely.
Write to P.R. Venkat at venkat.pr@wsj.com
(END) Dow Jones Newswires
04-15-26 1914ET
