CATL reported net income of RMB 13.96 billion ($1.9 billion) in the first quarter, up 32.85 percent year-on-year, albeit down 5.30 percent from the fourth quarter of 2024.
It had a gross margin of 24.41 percent in the first quarter, up 1.16 percentage points from a year ago and up 9.37 percentage points from the fourth quarter.
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