Chinese President Xi Jinping told CATL on Monday he had mixed feelings about its status as the world's largest battery maker - remarks that come at a time when the company is rapidly expanding abroad and moving to undercut domestic rivals.
"Emerging industries must do a good job in planning, figuring out how big the market is and where the risks are," Xi was quoted as saying.
Xinhua did not say whether Zeng had responded to Xi, but state broadcaster CCTV reported that Zeng said Xi was very happy with the development of the new energy industry and had asked private companies to lead development and innovation.FORD DEAL IN FOCUS At the same time, it has come under growing pressure from Washington, which has restricted Chinese companies' access to advanced AI chips and other semiconductors, citing national security.
with Ford, saying that it would deepen U.S. reliance on the Chinese Communist Party for battery technology.the deal to ensure the Chinese company's core technology is not shared with the U.S. automaker, Bloomberg reported last month.
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