HONG KONG -- Leading Chinese battery manufacturer CATL has become the top recipient of state subsidies among all mainland listed companies, highlighting a sharper strategic focus just as such government support draws scrutiny in the West.
China tech
CATL tops China's corporate subsidies list, outranking oil majors
Emergence of EV-related recipients stands out as European tariffs loom
Battery maker CATL's booth at the Beijing International Automotive Exhibition in April 2024. The manufacturer was the top recipient of state subsidies among listed mainland companies last year. © Reuters
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