CATL's net profit in the first three quarters was 31.145 billion yuan, a year-on-year increase of 77.05%

News from this site on October 19, Ningde Times has released its third quarter report for 2023: net profit in the third quarter was 10.428 billion yuan, a year-on-year increase of 10.66%; operating income was 105.431 billion yuan, a year-on-year increase of 8.28%.

CATL’s net profit in the first three quarters of 2023 was 31.145 billion yuan, a year-on-year increase of 77.05%; the total operating income in the first three quarters was 294.68 billion yuan, a year-on-year increase of 40.1%.

This site noticed that CATL’s research and development expenses for this period reached 14.876 billion yuan, a year-on-year increase of 40.65%. Ningde Times stated that the company continued to increase investment in research and development, with more research and development projects and expansion of the research and development team, and expenditures increased compared with the previous period.

According to SNE Research data, CATL’s global power battery usage market share continued to rank first in the world from January to August 2023, and its overseas share was stable growth, of which Europe's share reached 34.9%, a year-on-year increase of 8.1 percentage points. This means that CATL's recognition among global mainstream car companies continues to increase, and its overseas fixed points have further broken through.

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