CATL revenue jumps 58.6% in Q3, profit growth slows to 14.5%

CATL's third-quarter revenue rose 58.58% year-over-year to CNY165.22 billion (about $24.73 billion), while net profit attributable to shareholders grew just 14.54% to CNY21.25 billion. The company is sharpening its focus on a target of 50% of revenue from energy-storage systems.

• Q3 revenue: CNY165.22 billion, up 58.58% year-over-year
• Net profit: CNY21.25 billion, growth of just 14.54%
• Target: 50% of revenue from energy-storage systems