CATL’s ‘price war’ shows its power, and China’s EV edge
SHANGHAI/LONDON — CATL, the world’s largest battery maker, has offered to cut costs for Chinese automakers, a move that demonstrates its market power and could also widen China’s cost advantage in electric vehicles. China’s CATL has offered smaller domestic electric-vehicle makers discounted prices on batteries, according to four people with…
bubmagFebruary 27, 2023