Analysts predict CATL will retain EV battery dominance in China
According to SCMP Business, CATL’s dominance in the Chinese EV market is unlikely to slump over the coming year due to brand recognition and an edge in technology, even as its shares have tumbled amid profit-squeezed EV makers. The report notes that Xiaomi and Li Auto highlighted their partnership with tier-two battery suppliers in September.
Key facts
- 01CATL’s dominance in the Chinese EV market is viewed as unlikely to slump next year due to brand recognition and technology edge.
- 02Shares have tumbled as the company faces a battle with profit-squeezed EV makers.
- 03In September, Xiaomi and Li Auto highlighted their partnership with tier-two battery suppliers.
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