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CATL’s EV battery dominance shouldn’t cause Xi undue worry

Contemporary Amperex Technology Co. Ltd. is truly the undisputed electric vehicle battery-making king. It supplies a roll call of carmakers — from Tesla Inc. to Ford Motor Co., Volkswagen AG to Hyundai Motor Co. and Stellantis NV — and commands a 37% share of the market globally. Net income almost doubled last year to $4.4 billion.