HONG KONG -- China's leading battery manufacturer CATL received 35% more in state subsidies during the first half of the year even as the Chinese electric vehicle industry's export drive faces severe scrutiny over such financial assistance from the government.
Electric vehicles
CATL state subsidies jump by 35% amid EU squeeze on China EVs
Rise in aid outpaces net profit growth; company sues domestic rival for IP infringement
Battery manufacturer CATL shows off its technology at the Beijing International Automotive Exhibition, also known as Auto China 2024, in April.
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