Intense Competition in Ternary Battery Market Results in Decreased Revenue in CATL's Mid-Year Report. As the leading player in the ternary battery market, Contemporary Amperex Technology Co., Limited (CATL) experienced a decrease in revenue but an increase in profits in the first half of this year. Its power battery system segment generated revenue of RMB 112.65 billion in the first half, a year-on-year decrease of 19.2%. Influenced by the decline in raw material prices, its product prices also fell. Despite a 30% year-on-year increase in shipments in the first half, revenue still declined, indicating a pronounced phenomenon of trading price for volume in the ternary battery market and intense price competition.