As Chinese carmakers diversify beyond CATL batteries, Beijing warns of market overreaction

INTELLIGENCE SUMMARY

A publication under China’s industry ministry has pushed back against market chatter of “de-CATLisation” as a growing number of the battery giant’s automotive partners diversify their suppliers, with the company’s shares falling recently. The commentary, published by the news centre of the Ministry of Industry and Information Technology (MIIT), said supplier diversification and in-house battery projects are standard commercial practices. Such moves should not be portrayed as deliberate attempts.