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CATL posts surprise profit slowdown as EV demand worries grow
Original: Battery giant CATL posts surprise profit slowdown as EV storm clouds gather
Chinese battery giant CATL has reported an unexpected slowdown in profit growth, according to a report by the South China Morning Post. The result is being read as a warning sign for the electric vehicle industry, with analysts weighing intensifying competition, pricing pressure and softer EV demand as potential headwinds for the world's largest EV battery maker.
Why now: Investors and industry watchers see the profit slowdown from the world's biggest EV battery maker as a signal of broader trouble in the electric vehicle market.
Evidence
- Battery giant CATL posts surprise profit slowdown as EV storm clouds gather · South China Morning Post
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