CATL Shares Hit One-Year Low as Li Auto and Xiaomi Diversify Battery Orders to Rivals
CATL's Shenzhen-listed shares fell another 3.84% Wednesday, extending losses to about 35% from their early-May peak as Chinese automakers shift battery orders to rivals. Li Auto and Xiaomi are accelerating supply-chain diversification, though CATL still held a 41.45% share of China's power battery installations in August.