China’s battery giant CATL faces tough choices after epic US$130b sell-off

Robin Zeng Yuqun, chairman of the Chinese battery giant Contemporary Amperex Technology Ltd (CATL), has maintained an upbeat image in recent weeks, telling a conference last month that battery storage was becoming “an indispensable new infrastructure for the power system”. But analysts are less optimistic about the industry’s near-term outlook, with some calling on Zeng to take stronger measures to deal with a crisis that has seen CATL’s market capitalisation plunge by nearly 50 per cent in six...