CATL Gets China Approval for Battery Deal in Consolidation Push
CATL secured approval to acquire a stake in Geely-backed Chongqing Yaoning, marking a key step in Beijing’s strategy to consolidate the battery sector and curb capacity oversupply.
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CATL secured approval to acquire a stake in Geely-backed Chongqing Yaoning, marking a key step in Beijing’s strategy to consolidate the battery sector and curb capacity oversupply.
The U.S. Transportation Department raised national security concerns over Ford's partnerships with Chinese battery maker CATL and automakers Geely and BYD, citing reliance on subsidized foreign techno
China's PV industry faces deep adjustment with H1 installations dropping over 60% and polysilicon prices falling 42%. Concurrently, Geely acquired 34% equity in Ford's Spanish plant to jointly develop
Geely will ship its first Lotus EVs to Canada next month under a new trade agreement allowing 49,000 Chinese EVs annually. The deal also highlights expanded trade potential in Canadian crude oil, LNG,
Geely executives warn EU carbon border taxes will increasingly restrict exports. The CBAM scheme covers six basic material sectors starting in 2026, with plans to expand to automotive parts by 2028.
Chinese automakers BYD and Geely anticipate increased EV demand driven by rising oil prices due to the Iran conflict, while Hindustan Unilever faces potential input cost pressures.
Bahrain Aluminium halted 19% capacity amid Hormuz Strait disruptions, while Geely secured EU certification for its ADAS. Broader industry updates include oil market volatility, iron ore arrivals, and