Tier 1 battery makers CATL and LG profits hit by raw material costs
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Tesla suppliers CATL and LG Energy Solution said this week that net profits fell shaprly in the first quarter due to rising battery raw material costs. China’s largest battery maker CATL said on Friday that its net profit fell 24% in the quarter to 1.49 billion RMB ($226 million) while South Korea’s LGES reported a […]