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المشهد العربي
Source: المشهد العربي
7 Hrsالمشهد العربي
Source: المشهد العربي
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Shares in Chinese battery maker CATL fell 10% on the Hong Kong and mainland Chinese stock markets after its profit growth slowed in the third quarter to its lowest level in nearly two years, amid intensifying competition in the electric-vehicle battery market. Net profit rose 14.5% year over year to 21.2 billion yuan, below analysts’ forecast of 41.2% growth. Meanwhile, CATL’s share of the Chinese market fell from 49.8% in January to 40.9% in September, while BYD’s share rose to 21.1%.
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