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By shifting its products to the high-end segment, the group is becoming stronger, he said.
CATL said the decline was mainly due to a higher base in 2017 when it received earnings from sale of a stake in a smaller power battery company.
By the end of this year, the business-to-consumer sector for China's pharmaceutical industry is predicted to reach 45.77 billion yuan (.83 billion), an increase of 70.9 percent compared with 2016, the book reported.
CATL said that through the nonpublic issuance of stocks, CATL will strengthen its battery development and further expand production capacity to meet growing market demands and enhance the company's profitability.
CAAM official says previous estimate of 3 percent growth for the whole year 'out of the question'
