CATL Boss Robin Zeng Calls for End to Price War Among China’s EV Makers
Robin Zeng, founder and chairman of Contemporary Amperex Technology Ltd, has urged China’s electric vehicle manufacturers to stop their price war and focus on safety and reliability. He mentioned this at the 15th Annual Meeting of the New Champions in Dalian, highlighting that price competition could hurt both safety and profitability in the industry. Zeng's remarks align with warnings from other leaders like David Xu Daquan of Bosch China.
Robin Zeng, founder and chairman of Contemporary Amperex Technology Ltd (CATL), has called on China’s electric vehicle (EV) manufacturers to halt their ongoing price war and concentrate on product reliability.
Speaking at the 15th Annual Meeting of the New Champions in Dalian, he warned that excessive price competition jeopardizes safety and profitability.
Zeng joins industry leaders like David Xu Daquan from Bosch China in cautioning against price cuts that could harm the sector, including major players like BYD.
CATL, headquartered in Ningde, holds a 37.7% share of the global market, with major clients like Tesla, BMW, and Nio.
The company recently launched the Shenxing Plus battery, promising significant advancements in range and charging efficiency.
Speaking at the 15th Annual Meeting of the New Champions in Dalian, he warned that excessive price competition jeopardizes safety and profitability.
Zeng joins industry leaders like David Xu Daquan from Bosch China in cautioning against price cuts that could harm the sector, including major players like BYD.
CATL, headquartered in Ningde, holds a 37.7% share of the global market, with major clients like Tesla, BMW, and Nio.
The company recently launched the Shenxing Plus battery, promising significant advancements in range and charging efficiency.
