CATL's Third-Quarter Net Profit Unexpectedly Slows, Shenzhen Shares Fall More Than 10%

CATL's third-quarter net profit unexpectedly slowed, with its Shenzhen shares extending losses by more than 10 per cent in Wednesday morning trading and its Hong Kong shares falling 8.6 per cent. Analysts warn the world's largest electric-vehicle battery maker may be dragged down next year by slowing demand in China's electric-vehicle industry.