China’s CATL, the world’s largest battery maker, has offered discounts to some Chinese automakers it supplies, reflecting a downturn in the price of lithium and a bid to win more orders, three people with knowledge of the offers said.
Battery costs are the most expensive component in electric vehicles (EV) and a move toward lower prices by CATL, which had 37 percent of the global market last year, would ease a major cost pressure on automakers.
CATL, which counts Tesla, Nio and Volkswagen among its largest clients, is offering targeted rebates, said the people, who declined to be named as the matter is private.
