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Caixin

In Depth: CATL loses EV battery crown as foreign players muscle in

Chinese producer shocked by outside competition in vast home market

Contemporary Amperex Technology has seen its spark fade this year, losing its position as the world's top electric-car battery maker after foreign rivals began to invade the country's massive market.

The luck of CATL, as the company is known, has turned amid changes to China's industrial policies, which initially helped the company's rapid rise to the top.

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