China’s CATL aims to recharge stock price with 1,000-km EV battery

GUANGZHOU — Leading electric-vehicle battery supplier Contemporary Amperex Technology Co. Ltd. (CATL) is expanding its lineup to capture diverse demand among automakers, including with a recent release that promises a 1,000 kilometer range on a single charge.

Tapping into domestic demand will likely be key to overcoming investor doubts. CATL’s shares tumbled to their lowest in more than three years after it announced its 2023 earnings preview in late January and are still down by half from their record high marked in late 2021.