China’s CATL has cemented its position as the world’s largest maker of electric car batteries, just days after a warning from the country’s leader Xi Jinping of the risks of success as geopolitical rifts with the west deepen.
Xi, who is set for a third term as China’s president, said this week that he was both “happy and worried” by CATL’s market leadership, according to the Xinhua News Agency.
“Nascent industries should?.?.?.?figure out where the risks are and avoid penetrating deep into enemy territory alone, only to be caught by others and get wiped out,” Xi said in a rare intervention.
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