Overall screams of desperation from CATL to lock up low cost, long term contracts to sustain market share due to increased competition coming online.
By offering 7%~ discounts on batteries to automakers they are looking to recoup that lost margin by pressuring raw material suppliers (spod) to drop their prices by 10%.
Having just renegotiated our contract pricing I don't imagine this would affect us however it will bear down on overall market sentiment for a bit, more of a short term blip before demand for raw materials increases even further when new gigafactories come online.
Overall screams of desperation from CATL to lock up low cost,...
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