CATL's Hong Kong-listed shares once fell over 4.5%, hitting a new low since March, as Li Auto plans to switch to self-developed batteries.
CATL's Hong Kong-listed shares fell over 4.5% today, hitting an intraday low since March 10, with its A-shares also declining. This follows Li Auto's statement on the 7th that while the first batch of its new generation Li MEGA would use CATL batteries, it would fully switch to Li Auto's self-developed 5C ternary lithium batteries once its in-house battery production is ready.
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