China’s Battery Kings: Diverging fortunes of CATL and BYD highlight raw material challenge

This year is panning out quite differently for China’s two electric vehicle kingpins: CATL and BYD. BYD has seen its vehicle sales soar despite continued lockdowns in China, and has confirmed it will soon sell batteries to Tesla. CATL, however, has suffered due to investor concerns about falling margins because of its exposure to higher […]