Chinese battery maker Contemporary Amperex Technology Co.’s third-quarter profit rose 11% on the back of higher sales, but came up short of analyst expectations.
The world’s largest maker of electric-vehicle batteries posted quarterly profit of 10.43 billion yuan ($1.43 billion), up from CNY9.42 billion in the same period a year ago, it said late Thursday.
Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8