Shares of China’s Contemporary Amperex Technology (CATL, SZ:300750), the world’s largest EV battery maker and a Tesla supplier, fell after its July–September profit growth slowed to its weakest pace in nearly two years. Its Hong Kong-listed shares dropped 9.4% to HK$373.2, a 15-month low. Net profit rose 14.5% year-on-year to 21.25 billion yuan and revenue climbed 58.6% to 165.22 billion yuan, both below analyst expectations, while profit growth slowed from 36.5% in the second quarter. Cooling auto sales growth in China, fierce competition, higher operating and research costs, and a shift toward lower-margin energy storage products weighed on results. For the first nine months, net profit rose 31.6% to 64.53 billion yuan, and revenue increased 56.2% to 442.14 billion yuan.
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Related tickers and likely impact
TSLA
• NeutralTesla, Inc.
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Consumer Discretionary |
| Industry | Automobile Manufacturers |
| Market cap | $1.4T |
| Close on 10/20/2026 | 373.71 |
| Change that session | +1.54% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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