China’s CATL, the world’s largest producer of EV batteries, is saying it will slash the cost of its batteries by up to 50% this year as part of a price war with China’s second largest maker, BYD subsidiary FinDreams. The main cause is the overproduction of batteries in China: the oversupply means prices must fall. Muhammad Rizwan Azhar, Waqas Uzair and Yasir Arafat at Edith Cowan University look at the causes and implications, but add that … [Read more...]