Chinese Industry Ministry Publication Counters 'De-CATLisation' Talk Amid Supplier Diversification
A publication affiliated with China's industry ministry has addressed market speculation regarding the diversification away from battery giant CATL by its automotive partners, noting the company's recent share decline.
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According to the South China Morning Post, a publication operating under China's industry ministry has issued a statement countering discussions in the market about a trend of 'de-CATLisation.' This pushback comes as an increasing number of automotive partners of the battery giant are diversifying their suppliers, coinciding with a recent decline in the company's stock value.
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