HONG KONG -- Chinese electric vehicle battery supplier CATL raked in 35% more government subsidies in the first half of this year, compared with the same period in 2023, maintaining its perch atop the league table of mainland-listed companies receiving the most financial assistance.
While China's public support for its EV sector has been the focus of a Western push to raise tariffs on its electric cars, top industry player CATL took in about 3.85 billion yuan ($547 million) worth of assistance in the first six months.
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