CATL is the world’s biggest maker of lithium-ion batteries for electric vehicles, and counts Tesla and Xpeng among its customers. Photo: Martin Schutt/dpa

A-shares

+ FOLLOW

Business / China Business

Tesla’s battery supplier CATL loses trillion-yuan value marker as Shanghai lockdown compounds stock slump

Name: SCMP
Telephone: +852-2680-8888

Stock slumped 7.6 per cent in Shenzhen, bringing this year’s pullback to 31 per cent, or US$63 billion, amid lockdown-related production hiccups

CATL is the world’s biggest maker of lithium-ion batteries for electric vehicles, and counts Tesla and Xpeng among its customers

A-shares

+ FOLLOW

Zhang Shidong in Shanghai

+ FOLLOW

Published: 4:06pm, 20 Apr, 2022

Updated: 4:06pm, 20 Apr, 2022

Why you can trust SCMP

Tesla’s battery supplier CATL loses trillion-yuan value marker as Shanghai lockdown compounds stock slump

Stock slumped 7.6 per cent in Shenzhen, bringing this year’s pullback to 31 per cent, or US$63 billion, amid lockdown-related production hiccups CATL is the world’s biggest maker of lithium-ion batteries for electric vehicles, and counts Tesla and Xpeng among its customers

Stock slumped 7.6 per cent in Shenzhen, bringing this year’s pullback to 31 per cent, or US$63 billion, amid lockdown-related production hiccups

CATL is the world’s biggest maker of lithium-ion batteries for electric vehicles, and counts Tesla and Xpeng among its customers