Contemporary Amperex Technology Co. Ltd.
turned in higher earnings than expected on Friday, strengthening its status as the world’s largest maker of electric-vehicle batteries.
The Chinese company, known as CATL, said net profit rose 92% to 30.72 billion yuan ($4.4 billion) in 2022, beating expectations for 28.8 billion yuan among analysts surveyed by FactSet. Revenue soared 152% to 328.59 billion yuan, also beating the consensus of 325.9 billion yuan.
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