CATL’s battery sales in the first quarter were approximately 95GWh, with energy storage accounting for nearly 20%

CATL released its first quarter report for 2024 yesterday, showing that net profit in the first quarter of 2024 increased by 7% year-on-year to 1.051 billion yuan, and revenue reached 7.977 billion yuan, a year-on-year decrease of 10.41%.

This website noticed that CATL’s investor relations activity records show that the company’s battery sales in the first quarter were approximately 95GWh, of which energy storage accounted for nearly 20%, and the remaining business revenue accounted for approximately 4%.

Financial report shows that CATL’s operating costs in the first quarter of 2024 were 58.69 billion yuan, a year-on-year decrease of 16.27%; R&D expenses were 4.34 billion yuan, a year-on-year decrease 6.71%.

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"CATL's net profit in the first quarter of 2024 was 10.51 billion yuan, a year-on-year increase of 7%, with revenue declining 10.41%》

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