CATL Losing Market Share in China Amid Slowing EV Demand and Rising Competition
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CATL's market share in China dropped to 39% in Sept, lowest since June 2021, amid competition from smaller rivals like BYD and CALB.
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CATL faces pressure to cut battery prices amid weaker EV demand and sales slowdown in China.
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CATL's Q3 results on Thurs expected to show profit growth slowing amid challenges.
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CATL's growth in China battery shipments lagging smaller rivals BYD and CALB.
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CATL shares down 15% this year on worries over competition and slowing EV market growth.