This is a China news story, published by CNBC, that relates primarily to Contemporary Amperex Technology news.
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Chinese salesCNBC
•Technology
Technology
84% Informative
China 's Contemporary Amperex Technology posted a 9.7% drop in annual revenue as a price war in the electric vehicle market ensnared the world's largest battery maker.
Revenue for the 12-month period ending December came in at 362 billion yuan ( $50.01 billion ), just under a LSEG mean estimate of 368.7 billion yuan .
It marked the company's first drop in yearly revenue since the company started releasing its operating figures in 2015 .
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