CATL Prioritizes Overseas Growth Amidst EV Price Wars

CATL, the biggest battery maker for electric cars, is expanding outside of China because the price war there is hurting the industry.

They are building new factories that are more efficient, use less energy, and can quickly change to make different products.

They're also using AI to help with making the batteries.

Overseas, CATL is adjusting to higher costs.

They are trying different methods like sending pre-assembled parts to speed things up.

Their new factory in Hungary, opening later this year, is designed to be very competitive.