CATL thrives while China’s EV makers squeezed by supply chain, weak market

Battery producer passes on higher costs, boosts capacity of its products CATL's broad range of vehicle batteries includes those designed for longer ranges and low-cost models with long lifespans and short charging times. (Photo by Shizuka Tanabe) GUANGZHOU — Chinese automotive battery maker CATL has achieved strong earnings this year with improved capacity for electric vehicle batteries and success in passing on higher costs, in stark contrast to the deteriorating performance of its automaker customers caught between market pressures.

Read the full article at the source →