RE CATL, its worth reading the article below (and sorry if already linked and discussed)
There are multiple instances in this article where the CATL offer looks to be trying to retain customers that they are at risk of losing (or have already partly lost and are now trying to regain). When special offers are provided to customers to retain them and the offer requires circa 80% of their business to be done under the offer, IMO its not a genuine guess at future market prices.
Cnevpost article re CATL special offer
https://cnevpost.com/2023/02/17/catl-cutting-battery-costs-some-clients/
For example, the article below interprets statements made by XPeng to mean that CATL had lost sufficient business from XPeng to mean CALB rather than CATL was its primarily supplier.
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