GreenergyDaily

Jun. 25, 2025

Contemporary Amperex Technology Co. Ltd., the world’s largest electric vehicle battery maker, is making overseas expansion its “No. 1 priority” as intense competition in China’s domestic car market threatens the industry’s health, according to Chief Manufacturing Officer Ni Jun.

Everyone in the sector and the government knows irrational competition “is unhealthy and will destroy the industry,” Ni said in an interview with Bloomberg on Wednesday during the World Economic Forum in Tianjin.

His comments echo those from BYD Co. Executive Vice President Stella Li, who said in an interview earlier this month that the EV price war it helped spark was “very extreme and tough.” Li also emphasized that it would be “unsustainable.” BYD, which makes cars as well as batteries, is a competitor to CATL.

Chinese electric vehicle champion BYD has slowed its production and expansion pace in recent months by reducing shifts at some factories in China and delaying plans to add new production lines, Reuters reports, citing two people with knowledge of the matter.

BYD has cancelled night shifts and reduced output by at least a third of the capacity at some of its factories, said the sources who declined to be named because the matter is private.

These previously unreported measures were imposed on at least four factories and BYD had also suspended some plans to set up new production lines, one of the people said.