Chinese electric vehicle battery giant CATL reported a 41.2% increase in net profit to 18.5 billion yuan in the third quarter, outpacing smaller competitors. Revenue also rose 12.9% to 104.2 billion yuan, solidifying its position as a leader in global EV battery usage, despite a slight drop in market share. CATL faces new challenges from Beijing’s export controls on lithium battery parts, affecting its overseas expansion plans.

Read more at Yahoo Finance: Chinese battery maker CATL posts faster profit growth in third quarter