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Automobiles

CATL's dominance in EV batteries challenged by emerging rivals

Margins narrow on higher lithium costs as geopolitics loom large

China's growing electric vehicle market has buoyed CATL over the years.   © Reuters

GUANGZHOU/SEOUL -- Contemporary Amperex Technology's grip on the electric vehicle battery market is starting to slip despite record profits last year, as rivals gain ground and U.S.-China tensions cast a shadow over plans to expand overseas.

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