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Headline : CATL state subsidies jump by 35% amid EU squeeze on China EVs

Read more from the original article on here at asia.nikkei.com.






Tags : #catl #state #subsidies #jump #3525 #amid #eu #squeeze #china #evs


No. of Paragraph 5

Rise in aid outpaces net profit growth; company sues domestic rival for IP infringement

HONG KONG -- China's leading battery manufacturer CATL received 35% more in state subsidies during the first half of the year even as the Chinese electric vehicle industry's export drive faces severe scrutiny over such financial assistance from the government.

In a separate move, the company brought its domestic competitor CALB Group to local court over alleged intellectual property infringement.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Read more from the original article on here at asia.nikkei.com.


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