Chinese electric vehicle battery maker CATL reported a 13.4% increase in net profit for the second quarter, reaching 12.36 billion yuan. However, the company's revenue fell by 13.2% to 87 billion yuan during the same period, as the ongoing price war in the EV battery market impacted earnings. Despite the revenue drop, CATL's gross margin remained flat. Additionally, state subsidies for CATL increased by 35% amid the European Union's tightening regulations on Chinese EVs.