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
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
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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

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
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
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