TechBloomberg Tech2h ago
CATL Sees Limited Impact From China’s New Battery Tax on Orders
TL;DRChina's new battery tax hasn't significantly hurt CATL's order volume so far.
Why it matters: Shows EV supply chain resilience, but signals potential margin pressure ahead for battery makers.
Contemporary Amperex Technology Co. has seen some volatility in domestic orders since China’s consumption tax on batteries took effect this month, but overall the impact has been limited, according to a company executive.
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