Chinese EV battery maker CATL posts 13.4% jump in second-quarter profit

BEIJING : Chinese electric automobile battery big CATL’s second-quarter earn profit jumped 13.4 per cent One year on One year, a inventory market submitting showed on Friday, extending positive aspects for a second straight quarter.

CATL reported 12.36 billion yuan ($1.70 billion) in profit for the April-June quarter on a 13.2 per cent descend in income to 87 billion yuan, based on Reuters calculations per its disclosure. First-half profit was once up 10.4 per cent at 22.86 billion yuan.

($1 = 7.2512 Chinese yuan renminbi)