China’s Automotive Industry Faces Pressure to End Price Wars
In a dramatic turn of events, China’s automotive industry is grappling with intense pricing pressures that have prompted government intervention. The Ministry of Industry and Information Technology (MIIT) has urged manufacturers to halt what it describes...
Staff Reporter
Shares of Contemporary Amperex Technology Co., Ltd. (CATL), the world's largest battery manufacturer, jumped over 16% in their trading debut in Hong Kong on Tuesday.
Investors are optimistic about the company’s potential to capitalize on the expanding electric vehicle (EV) market.
The shares closed at...