CATL Responds to Market Concerns: Industry Demand Not Pessimistic, Capacity Utilization to Remain High, Q3 Operating Cash Flow Decline Due to Proactive Payment Adjustments
CATL responded on October 21 to market concerns about its third-quarter report and sharp share price drop, stating that "industry demand is not that pessimistic, and capacity utilization will remain at a high level going forward." The company said that industry demand in 2027 "can still be anticipated," and the global power and energy storage battery markets still have good growth potential. Regarding the 23.60% year-on-year decrease in operating cash flow in the third quarter, CATL explained that it was due to the company's proactive adjustment of payment arrangements to suppliers to support the healthy development of the lithium battery supply chain, which will not affect cash profitability in the long run.
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