Contemporary Amperex Technology (CATL), a major Chinese electric vehicle battery manufacturer, has projected a substantial increase in its 2023 profit. This forecast has led to a significant rise in the company’s shares despite a general market downturn. What Happened: CATL’s shares on the Shenzhen stock exchange experienced a notable 7.9% increase, reaching 151.90 yuan (approximately $23.98) on Wednesday afternoon, as reported by The Wall Street Journal. This marks the highest intraday gain since June last year. The company, a prominent supplier to Tesla Inc., has projected a 38%-48% rise in …