Strong quarterly results expected from Contemporary Amperex Technology Co. Ltd. may widen its market-capitalization lead over electric-vehicle maker BYD Co., reinforcing the companies’ diverging trajectories.
CATL may report a 32% year-on-year increase in sales for the December quarter, according to Bloomberg-compiled data, driven by strong energy storage orders from grid projects and artificial intelligence data centers. In contrast, BYD is expected to report its worst quarterly sales decline in five years later this month, as intense competition and sluggish consumption in China weigh on demand.
