SHANGHAI : China's CATL, the world's largest battery maker, has offered discounts to some Chinese automakers it supplies, reflecting a downturn in the price of lithium and a bid to win more orders, three people with knowledge of the offers said.Battery costs are the most expensive component in electric ve
SHANGHAI : China's CATL, the world's largest battery maker, has offered discounts to some Chinese automakers it supplies, reflecting a downturn in the price of lithium and a bid to win more orders, three people with knowledge of the offers said.
In one case, CATL offered a discount of 7 per cent from established prices to a Chinese EV maker in January, one of the people said. At the same time, CATL has been negotiating with its material suppliers to bring its own prices down, a second person said. It was not immediately clear whether CATL would follow its offer of discounts to Chinese automakers with similar proposals for its growing roster of customers outside China, a group that includes BMW and Ford.
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