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Chinese battery giant CATL posts 63% growth in Q2 profit, Auto News, ET Auto

Chinese battery giant CATLs Q2 net profit surged 63.22%, reaching 10.895 billion yuan. Despite intensifying competition in the EV battery market, CATL maintains its industry leadership, facing challenges from weaker demand and cost reduction pressures.
China Automotive Catl S Chongqing Changan Automobile Guangzhou Automobile Group Ev Battery Manufacturing V Battery

India trashes Chinese EV maker BYD's proposal to set up $1 billion plant

The Narendra Modi government has trashed Chinese automaker BYD’s proposal to set up a $1 billion manufacturing plant in India, reported Economic Times on Saturday. The Chinese EV giant had earlier submitted a proposal to build EVs as well as electric batteries in India in partnership with an Indian EV company Megha Engineering and Infrastructure Ltd.
New Delhi Tamil Nadu Narendra Modi Infrastructure Ltd Economic Times Megha Engineering

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