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 batt
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.
"It's very much a market share game," said Caspar Rawles, chief data officer at Benchmark Mineral Intelligence."This is, I think, in part, a price war." China's government cost and price regulatory agency said on Thursday its officials had visited CATL earlier this month and said it would"strengthen cooperation" with the company, without providing further details.
Battery prices had been falling for more than a decade before turning higher in 2022. That began to reverse late last year in China. SVOLT, among CATL's smaller rivals, has also offered discounts on battery supplies, Chinese media have reported. SVOLT declined to comment and Reuters could not confirm those reports.
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