Chinese battery maker CATL's first-quarter net profit jumps 33%

FILE PHOTO: A sign of battery manufacturer CATL is pictured at its booth the Beijing International Automotive Exhibition, or Auto China 2024, in Beijing, China, April 25, 2024. REUTERS/Tingshu Wang/File Photo

BEIJING (Reuters) - Chinese electric vehicle battery giant CATL increased first-quarter net profit by 32.9% year on year, a stock market filing showed on Monday.

CATL reported net profit of 14 billion yuan ($1.91 billion) for the January-March period on revenue up 6.2% at 84.7 billion yuan.