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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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