News: On the eve of the reduction in purchase tax, car companies are rushing to purchase batteries from Ningde Times.

Procurement personnel from several Chinese car companies gathered at the sales office of Contemporary Amperex Technology Co. Limited (CATL) headquarters, aiming to secure the battery production capacity of CATL before the phase-out of subsidies for new energy vehicles in the last quarter. An insider from one of the car companies said, "It's now a battle to grab batteries. The more cars we deliver in the fourth quarter, the more revenue we will earn." According to our understanding, CATL is more willing to provide guarantees and discounts to car companies that have extensive deployment and high shipment volumes.