Gotta do something with all that loot.
https://www.reuters.com/technology/chinese-ev-battery-maker-catl-posts-134-jump-second-quarter-profit-2024-07-26/
Chinese electric vehicle battery giant CATL (300750.SZ), opens new tab recorded faster profit growth in the second quarter, even as EV demand slows in the world’s largest auto market while geopolitical tensions cast clouds over its overseas expansion.
CATL’s net profit jumped 13.4% from a year earlier to 12.36 billion yuan ($1.70 billion) in April-June, on a 13.2% drop in revenue to 87 billion yuan, according to Reuters calculations based on a stock filing on Friday.
Pretty amazing.