MARKET
An increasing number of Chinese steelmakers suffer losses amid sluggish market demand, falling prices
An increasing number of Chinese steelmakers are making losses amid sluggish market demand falling prices.
China’s power battery giant CATL saw domestic market share rebound to nearly 50% in June
China’s largest power battery maker CATL’s installed capacity reached 13.4 GWh in June, ranking first with a 49.6% share of the domestic market, marking the second straight month of increase, after falling to 38.28% in April.
China’s power battery installed capacity surged 143.3% on year in June
China’s total installed capacity of power batteries reached 27.0 GWh in June, jumping 143.3% from a year earlier and up 45.5% from May, according to data released by the China Automotive Battery Innovation Alliance (CABIA).
