CATL needs to find a growth catalyst
CATL just posted a 33% YoY growth in 1Q25 net income. But revenue grew just 6.1% for the period, while gross margins expanded 116bps.
The company is getting ready for its HKEXGroup IPO which should do reasonably well. But it needs to find a growth catalyst to make this picture complete.
Possibly why CATL has been announcing a series of tie-ups with private and public firms in the field of battery swapping.
$NIO Inc.(NIO)$ $BYD COMPANY(01211)$ $Li Auto(LI)$ $XPeng Inc.(XPEV)$
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