China's CATL offers financial support to suppliers to boost tech innovation

China's CATL offers financial support to suppliers to boost tech innovation

FILE PHOTO: A sign of battery manufacturer CATL is pictured at its booth the Beijing International Automotive Exhibition, or Auto China 2024, in Beijing, China, April 25, 2024. REUTERS/Tingshu Wang/File Photo

China’s CATL has told suppliers it is willing to provide them with financial support to speed up technology innovation in battery materials and equipment, part of efforts to relieve stress on its supply chain amid a brutal EV price war.

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