Battery manufacturer CATL shows off its technology at the Beijing International Automotive Exhibition, also known as Auto China 2024, in April.
KENJI KAWASE, Nikkei Asia chief business news correspondent |
HONG KONG — China’s leading battery manufacturer CATL received 35% more in state subsidies during the first half of the year even as the Chinese electric vehicle industry’s export drive faces severe scrutiny over such financial assistance from the government.
Contemporary Amperex Technology Co. Ltd., the official name for CATL, became the top recipient of government aid for the full year in 2023 among all companies listed in mainland China.
