South Korean media: CATL's first-quarter net profit soars by 33%! On May 7, South Korean media "Everyday Economy" published an article stating that statistics show that China's CATL, the world's largest electric vehicle battery company, saw its first-quarter net profit increase by more than 30%. Recently, CATL released its first-quarter report showing that its net profit for the first quarter was 13.96256 billion yuan RMB, a year-on-year increase of 32.9%. This figure exceeded market expectations of 13.8 billion yuan RMB. The same period sales increased by 6.2% year-on-year to 84.7 billion yuan RMB. Research and development investment reached 4.8 billion yuan RMB. In the first quarter of this year, CATL's research and development expenditure was 4.81 billion yuan RMB, an increase of 10.9% year-on-year. According to data from market research firm SNE Research, in January and February this year, CATL continued to maintain the top global position in the use of electric vehicle batteries, reaching 49.6 GWh. During the same period, the combined market share of South Korea's three battery companies LG Energy Solution, SK On, and Samsung SDI fell by 5.5 percentage points year-on-year to 17.7%, while CATL's market share only fell by 0.1 percentage points year-on-year to 38.2%. CATL is seeking to list on the Hong Kong Stock Exchange in the second quarter this year. It plans to raise more than $5 billion through this move. Part of the raised funds will be used to build a 7.3 billion euro battery factory in Hungary. Original article: https://www.toutiao.com/article/1831450311450889/ Disclaimer: This article solely represents the author's personal views.