CATL is trading 4.19% down now at HK$480.00 after investors reacted to reports that Chinese authorities have largely halted registrations for new power- and energy-storage battery capacity.
- Planned energy-storage capacity is approaching 2 TWh, substantially exceeding projected global demand.
- The imbalance is raising concerns about industry oversupply, production scaling and pricing pressure.
- Bloomberg reported investors are reassessing CATL’s third-quarter outlook and possible production cutbacks.