
Chinese battery giant CATL reported a net profit of 21.25 billion yuan for Q3, marking a significant growth slowdown to 14.54% compared to previous quarters, as analysts warn of cooling demand in the Chinese electric vehicle market.
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CATL is the world's largest electric vehicle battery manufacturer. The company has experienced rapid growth in previous quarters before this recent slowdown.
Chinese battery giant Contemporary Amperex Technology Limited (CATL) has recorded a surprise slowdown in third-quarter net profits, as analysts warned the company could be hit by slowing demand from China’s electric car industry next year.
The world’s largest electric vehicle battery maker posted a net profit of 21.25 billion yuan (US$3.18 billion) for the July-September period, up 14.54 per cent from a year earlier, according to an exchange filing on Tuesday.
The increase marked a sharp slowdown from the 36 per cent jump recorded in the second quarter of the year and a peak of 57 per cent in the final quarter of 2025.
The company’s third-quarter revenue grew 58.58 per cent year on year, reaching 165.22 billion yuan.

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Beijing released the "Modern Logistics Development Plan during the 15th Five-Year Plan Period", which proposed that by 2030, the proportion of new energy trucks will reach 30%, and the proportion of green transportation will reach 13%. The plan emphasizes the intelligent and green transformation of logistics, and promotes the construction of zero-emission freight corridors and the upgrading of logistics technology and equipment in the Beijing-Tianjin-Hebei region.

A work safety accident occurred at TSMC's Kaohsiung plant. Four workers from the contractor Shanghao Machinery fell while performing steel structure lifting operations. Three people died and one was seriously injured and sent to the intensive care unit. The Nanke Administration Bureau has ordered the P4 steel structure hoisting operation to stop and launch an investigation.

The Life Insurance Association released premium income statistics for the first nine months of this year. Overall premium income reached 2.4442 billion yuan, an annual increase of 27%. Among them, premium income in the first year increased by 58.6%, and investment insurance products were driven by stock market performance and channel cooperation, with an annual growth rate of 128.7%.

Zhejiang Province has promoted strong growth in industrial sales and exports by deeply exploring the entire cosmetics industry chain, using technology to extract raw materials such as gardenia, and combining traditional Chinese medicine culture with digital transformation. Driven by innovation in policy supervision and independent research and development by enterprises, Zhejiang cosmetics is accelerating its entry into the global market.

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