CATL denies rumors of production cuts

In response to market rumors about CATL's production cuts, the company said that its business is in good condition, its global market share is steadily increasing, and its recent and third-quarter production plans show month-on-month growth. Market rumors said that "two of the four pull lines at a certain base of CATL were stopped, and this situation only occurred when there were no orders at the end of November 2023."