China's CATL Boosts EV Innovation
This is a China news story, published by MSN, that relates primarily to CATL news.
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EV market leader BYDReuters
•China's CATL offers suppliers financial support to drive battery innovation
76% Informative
China 's CATL has told suppliers it is willing to provide them with financial support to speed up technology innovation in battery materials and equipment.
The world's largest battery maker confirmed the letter, dated simply December 2024 , was authentic but declined to comment further.
Over the past two years , fierce price competition in China has meant automakers and suppliers alike are under pressure to cut costs.
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