Analysts note that CATL's dominant position in China's electric vehicle (EV) market is unlikely to decline in the coming year, given its brand recognition and technological advantages. This follows a period where CATL's stock price had fallen amid competition with margin-squeezed EV manufacturers. Recently, Chinese automakers, including Xiaomi and Li Auto, have redoubled efforts to reduce their reliance on CATL, with Xiaomi and Li Auto highlighting collaborations with secondary battery suppliers in September.