China's CATL moves to lock down EV battery market

The China-based battery giant CATL is slashing prices and introducing fixed prices to grab more market share as it continues an expansion overseas.

Why it matters: The discounts are right now targeted at CATL's Chinese customers. But industry insiders are watching whether the list expands along with CATL's growing roster of overseas partners.

• The move also reflects a dip in lithium prices.