Shares in Contemporary Amperex Technology Co. Ltd. (CATL) fall sharply over two sessions, with losses of about 10% after declines in Shenzhen. On Wednesday, the stock drops as much as 5.5%, following a decline on Tuesday that brings the two-day total loss to roughly 10%.
Market coverage links the selloff to investor reassessment of CATL’s third-quarter outlook. One outlet reports that the move represents the company’s steepest two-day drop in nearly a year. Another notes concerns that CATL could adjust its production plans, alongside ongoing evaluation of its quarterly guidance and prospects, contributing to volatility in the shares.
