CATL Pushes Global Expansion as China EV Growth Slows
CATL is expanding globally as China's EV growth slows, with significant battery production capacity and influence. Facing maturing demand in China, CATL is accelerating overseas expansion, particularly in Europe and Southeast Asia, while navigating political scrutiny. New investments in Hungary and battery-swapping in China are potential growth drivers. In the US, CATL technology is licensed for energy storage, despite policy challenges. Cost pressures influence sourcing decisions, as seen with GM's choice to use CATL batteries for affordable US EVs.
