CATL Sees Little Impact From US Tariffs, Is Confident on Outlook
A CATL battery pack cross-section.
Photographer: Krisztian Bocsi/BloombergThis article is for subscribers only.
The world’s biggest battery maker Contemporary Amperex Technology Co. Ltd. sees little impact from US tariffs and remains bullish about the outlook for electric vehicles.
CATL was addressing analysts at a briefing on Monday evening after earlier reporting a 33% jump in first-quarter earnings. Net income came in at 14 billion yuan ($1.9 billion), versus estimates of 13.8 billion yuan, defying a drop in the prices of the cells that power EVs.