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CATL to Respond to Rumors of Automakers Switching Battery Suppliers
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According to a report from Jin10 Data on September 16, citing the China Securities Journal, sources indicate that Contemporary Amperex Technology Co. Limited (CATL) will soon respond to rumors that 'relevant automakers have chosen other power battery suppliers.' These rumors have caused consecutive declines in CATL's stock price. The company's forthcoming response is expected to address market concerns and clarify the situation regarding its customer relationships in the power battery sector.
Source report
Jin10 Data, September 16 — In response to market rumors that "relevant automakers have chosen other power battery suppliers," which have led to consecutive declines in its stock price, sources indicate that Contemporary Amperex Technology Co., Ltd. (CATL) will issue a statement shortly.
Source: China Securities Journal
Source
金十数据Regional
Part of this Story
CATL market cap erases over $100B as automakers shift battery supply to rivals