CATL sees net profits surge 131.45% in H1

Contemporary Amperex Technology Co Ltd, better known as CATL, reported a net profit growth of 131.45 percent to $4.48 billion yuan ($692 million) in the first half of this year.

According to its interim statement filed with the Shenzhen Stock Exchange on Wednesday, the company gained 44.07 billion yuan in the first half of the year, up 134.07 percent year-on-year.

The country's new energy vehicle sales surged twice year-on-year to reach over 1.2 million units in the January-June period, the latest data from China Association of Automobile Manufacturers showed.