This Tesla-powered battery maker has lost some of its power

The world’s largest EV battery maker is struggling to regain investor confidence after losing nearly $100 billion in market value in less than six months.

The market has cooled for China’s Amperex Contemporary Technology, or CATL, as high raw material costs have dented the company’s profit margins. In the longer term, some investors and analysts question whether CATL’s growth will suffer as competitors expand rapidly and customers try to diversify their supply chains. are not.

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