Contemporary Amperex Technology (SZSE: 300750, CATL), a leading power battery manufacturer released a report on the first three quarters of 2019. According to the report, the company took in ￥32.856 billion in revenue during this period, a year-on-year increase of 71.7% with a net profit of ￥3.464 billion, a year-on-year growth of 45.65%. Its revenue in Q3 reached ￥12.592 billion, a year-on-year growth of 28.8%, with a net profit of ￥1.362 billion, a year-on-year decrease of 7.2%.
Contemporary Amperex Technology ranked the forth on the Fortune The Future 50 list released on October 23rd . The magazine notes that “This company is the biggest seller of EV battery. Its profits stood at $512 million in 2018. It is the battery provider for Volkswagen, BMW, Honda, and some major Chinese automobile manufacturers. It is working with Toyota on technology development.”