BYD

Chinese battery giant CATL’s stock fell over 35% from its 2025 high, losing more than 700 billion yuan in market value, as automakers including Li Auto, Xiaomi, and XPeng diversify suppliers or develop in-house batteries to reduce dependence on CATL. Second-tier battery makers like Xinwangda and CALB surged. The shift, driven by cost pressures and profit imbalances, has sparked debate over CATL’s long-term dominance despite its strong financial performance and 40% global market share.

15 reports · 9 sources · Updated Sep 20, 10:08 AM UTC

On September 16, BYD subsidiary Fangchengbao launched the Fang S sports sedan and Fang SGT shooting brake in China, priced between 189,900 and 239,900 yuan. The models feature 490 kW powertrain, 3.6-second 0-100 km/h acceleration, second-generation Blade Battery, and Yunqing-M intelligent suspension. The launch targets the competitive 200,000-yuan pure-electric sedan market, with deliveries beginning within a week.

5 reports · 3 sources · Updated Sep 20, 08:18 AM UTC

Chinese battery giant CATL reduced its stake in Hunan Yuneng, a lithium iron phosphate cathode material supplier, from 7.09632% to 4.99999% between June 26 and September 16, 2026. The reduction involved selling 17.4597 million shares via centralized bidding and block trades, plus passive dilution from equity incentives. CATL cited cash management needs and normal investment arrangements, stating the change will not affect business cooperation or company control.

8 reports · 6 sources · Updated Sep 18, 04:00 PM UTC

On September 18, BYD Auto filed recall plans with China’s State Administration for Market Regulation for 183,211 domestically produced Tang and Qin series vehicles. The recall addresses a manufacturing defect in brake pedal limit pad materials that may crack or break, potentially causing brake lights to stay on when the pedal is not depressed. BYD will replace the pads free of charge at authorized dealers.

5 reports · 5 sources · Updated Sep 18, 07:37 AM UTC