Battery giant CATL sees sell-off amid concerns over high valuation, rising competition

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Shares of Chinese electric vehicle battery giant CATL tumbled by more than 17% in the first week after the Spring Festival holiday to hit 489.99 yuan, the lowest level since September last year.

The stock rebounded 3.7% on Monday to jump above 500 yuan per share mark to close at 508 yuan per share.

As one of the best-performing . . .

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