China’s top EV battery maker CATL’s big discounts to Nio, Li Auto could force rivals to cut prices, with benefits cascading to consumers

• Ningde-based CATL has agreed to offer top clients like Nio, Li Auto, Huawei and Zeekr batteries at sharply lower prices for the next three years, industry sources said
• CATL, China’s dominant EV battery maker, has seen smaller rivals like Sunwoda and Svolt lure away some long-term clients