CATL provides financial support to upstream suppliers

It is reported that CATL will provide financial support to upstream suppliers to accelerate technological innovation of battery materials and equipment, thereby alleviating their supply chain pressure in the brutal price war. In addition, CATL will also help suppliers with certification work so that new battery materials can be applied and produced faster and increase market share. It is reported that this year, many car companies have asked CATL for price cuts and rebates.