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Investing.com-- Shares of Contemporary Amperex Technology Co Ltd (CATL) (SZ:300750) jumped on Tuesday after the world’s largest electric vehicle (EV) battery maker posted a sharp rise in third-quarter profit, underpinned by solid demand from automakers and improved cost management.
CATL, a key supplier to Tesla (NASDAQ:TSLA), reported a 41% year-on-year increase in third-quarter net profit attributable to shareholders to 18.55 billion yuan ($2.61 billion),
Revenue for the period rose 13% to 104.19 billion yuan, according to an exchange filing on Monday.
Hong Kong-Listed CATL (HK:3750) stock climbed as much as 5.8% to HK$558.5 in early trade on Tuesday.
Shenzhen-listed CATL shares rose more than 3% to 378.68 yuan.
For the first nine months of 2025, CATL’s net profit grew 36% to 49.03 billion yuan, supported by strong global EV sales and expansion in energy storage systems. Operating cash flow rose nearly 20% to 80.66 billion yuan.