S&P 5007,765.36▼0.5% Nasdaq27,193.34▼1.2% Dow51,231.64▲0.1% Russell 2K2,794.13▲0.0% 10-Yr5.23%−5bp VIX15.41+0.33 WTI$91.10▲3.2% Gold$4,157.80▲0.4% EUR/USD1.122▼0.3% BTC$81,907▼1.4% Nikkei70,036▼0.9%
At close · Thu, Oct 8, 2026
Daily Market Updates.

Global Markets

Home›Global Markets›China›China warns against “de-CATLisation” chatter as shares…

China warns against “de-CATLisation” chatter as shares slide

CATL’s Shenzhen-listed shares were down about 1.2% on the day and roughly 25% from mid-August, after the company faced renewed supplier diversification concerns.

A publication under China’s Ministry of Industry and Information Technology pushed back against market talk of “de-CATLisation,” after several Chinese automakers expanded partnerships with battery suppliers other than CATL or said they were developing batteries in house, according to SCMP Economy.

The ministry-linked commentary comes as the battery maker’s shares have fallen sharply, with CATL’s Shenzhen-listed stock down about 25.0% from its mid-August level by Wednesday.

By that point, CATL shares were also down nearly 35.0% from a record high reached in early May, SCMP Economy reported, adding the shares were down 1.19% on the day.

SCMP Economy said the commentary pointed to supplier diversification by CATL’s automotive partners rather than signaling a direct shift away from the industry leader.

More like this

Sources

Get the close, explained.

One email every trading day: what moved, why it moved, and what's on deck tomorrow. Read in 3 minutes.

Free. Unsubscribe anytime.