CATL Prioritizing Overseas Expansion as EV Price War Persists

Contemporary Amperex Technology Co. Ltd., the world’s largest electric vehicle battery maker, is making overseas expansion its “No. 1 priority” as intense competition in China’s domestic car market threatens the industry’s health, according to Chief Manufacturing Officer Ni Jun.

Everyone in the sector and the government knows irrational competition “is unhealthy and will destroy the industry,” Ni said in an interview with Bloomberg Television’s Stephen Engle on Wednesday during the World Economic Forum in Tianjin.