CATL is a high level market manipulator other than being a battery producer. That is the problem.
They say they have much better technology than Tesla's 4680 cylindrical batteries which has 300Wh/kg energy density. Tesla is already using that battery on some of its vehicles. No one can match up with that energy density atm. Not even CATL with fake news.
Where are those 500Wh/kg batteries now? They said on their own news site that they started mass production of those batteries. But no one uses those batteries atm.
They also said some time ago that they made 160kWh/kg Sodium-Ion batteries. That was the same energy density with LFB batteries. The LFP batteries should have been dead now. But it didn't happen.
So, CATL is a market manipulator IMO, spreading fake technology advancement news all the time.
CATL owns those dirty lepidolite mines in China and one of the main actors of lithium price manipulation as it has the largest share (37.5%) of battery production capacity in the world. CATL sold its ~8% share in PLS (~$850m) and I think they invested that money in lepidolite mines in China.
CATL has no ESG concerns.
LG and SKI of Korea will catch up with CATL in next couple of years because the western world is now building its own lithium supply chain and ESG is a very critical thing for that part of world.
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