Surely this will help PLS performance today...... note the...

Surely this will help PLS performance today...... note the highlighted section below.
For those not familiar with CATL - PLS is a key supplier.

CATL’s Profit Climbs as Battery Dominance Pays Dividends

• First-quarter net income up 7% in typically slow season
• Chinese cell manufacturer supplies automakers the world over
• Net income climbed 7% to 10.51 billion yuan ($1.5 billion) in the period, CATL said Monday. The manufacturer’s gross margin reached the highest since the third quarter of 2021.
  As supplier to major automakers including Tesla, Volkswagen and Toyota, CATL plays a key role in China’s grip on the global EV supply chain. The company has vowed to keep expanding in the face of cooling demand for battery-powered cars.
  The robust results suggest that CATL, thanks to its leading technology and scale, has “better-than-expected cost control,” said Joanna Chen, an analyst at Bloomberg Intelligence. The first quarter usually is the weakest period for auto sales in China because of the Lunar New Year holiday.
  In an interview last month, CATL founder and Chairman Robin Zeng said the company has no plans to slow down its expansion even as EV demand is cooling in parts of the world.
  Zeng, worth $27.4 billion thanks to the success of CATL, dismissed overcapacity fears and said he plans to increase output — particularly for the cell maker’s more cutting-edge batteries offering longer range or better durability in extreme weather conditions.
  What Bloomberg Intelligence Says
  
  CATL’s 10.5 billion-yuan 1Q profit beats our scenario by more than 10%, and its sequential margin expansion during a typically slow season suggests better-than-expected cost control — likely bolstered by its technology edge and peer-beating scale. Earnings appear resilient even as the battery industry battles rising competition and price pressure.
  - Joanna Chen, BI auto industry analys