Many automakers announced plans to develop their own batteries, and CATL faces challenges

At present, more than 15 automakers have announced plans to develop their own batteries, including GAC Aion, NIO, Zeekr, Changan, Great Wall, Nezha, Lantu, Wuling, SAIC, BMW, Volkswagen, Ford, Toyota, Honda, etc. Many of these automakers were once customers of CATL, and now their self-developed batteries may reduce their dependence on CATL.