China's major EV battery makers reported over 50 billion yuan in net profits in the first half of the year, nearly double that of automakers.
Seven major battery manufacturers, including CATL, recorded a combined net profit exceeding 50 billion yuan (approximately $7.4 billion) from January to June this year, a 49% year-on-year increase, according to company disclosures. This figure is nearly double the net profit of China's major automakers during the same period, highlighting a widening gap in industry profitability amidst weakening domestic demand for electric vehicles.
No AI analysis yet. Tap the "AI Analysis" button above to generate one now.
Source:SCMP商业 · Source Link
Disclaimer: This content reflects only the author’s personal views and does not constitute any investment or financial advice. If you discover any content that violates regulations,Click to Report
24H Trending
-
1
Analysis of Virtual Currency Trading Platforms and Regulatory Status in Mainland China
-
2
Huawei will stand trial in Brooklyn, USA, where a jury will decide whether its rise was built on crime.
-
3
IVN Token: An Analysis of Investin Protocol's Token Status and Market Activity
-
4
ITC (IoT Chain) Analysis: Current Status and Prospects of an IoT Blockchain Project
-
5
SIRIN LABS Token (SRN) Project Status and Market Liquidity Analysis
-
6
ORN Trading Guide: Buying, Selling, and Platforms for Orion Protocol Tokens
-
7
LAND Token Analysis: The Current Status and Future Prospects of The Sandbox Virtual Land and Landshare Token
-
8
Tether-backed exchange Orionx to permanently close after an audit found over $7 million in client assets had been moved to wallets outside of custody.
-
9
CBETH Token Trading Guide: How to Buy and Sell on Centralized and Decentralized Platforms?
-
10
Huawei paper shows Tau Scaling Law chip solves overheating, addressing key hurdle for Kirin 2026 launch
Markets Today
Recommended Reading









