CATL carries out its third major organizational adjustment

Chinese power battery manufacturer CATL is reportedly making the third major organizational adjustment to its passenger car division. The adjustment includes adjustments to the positions of Executive President Zhu Wei and former head of Contemporary Changan Liu Changyan, who will no longer be responsible for specific businesses. The new passenger car division will implement a group responsibility system and report to Han Wei, co-president in charge of market business. The adjustment is aimed at motivating newcomers and withdrawing the company's business veterans.