From Nikkei Asia · · 30s
De-CATLization tests China's battery king
CATL shares drop 10% as profit figures disappoint investors.
In brief
CATL shares drop 10% as profit figures disappoint investors. CATL's shares fell 10% after third-quarter profit figures disappointed investors. Originally reported by Nikkei Asia.
CATL shares fall
Hong Kong-listed CATL shares plunged 10% during midday trade Wednesday after disappointing third-quarter earnings.
Profit figures disappoint
The battery maker's shares sank after profit figures for the latest quarter, released on Oct. 20, disappointed investors.
Investor concerns rise
Investors' heightened concerns about CATL's prospects followed the disappointing earnings report.
The takeaway
CATL's shares fell 10% after third-quarter profit figures disappointed investors.
