The tightly choreographed pro-business meet marked a turnaround in Beijing's approach to the tech industry in the face of a slowdown in growth, deflationary concerns and a bitter rivalry with the US

In 2022, while lithium prices were soaring to life-time highs, CATL intervened in the market by opening a huge lithium hub in China. Prices have since slumped 86%

While CATL's board has approved the plan, the proposal still requires approval from regulators in Beijing

The power pack, developed by SAIC-GM and CATL, would be the fastest charging electric vehicle battery to date

The sector leader says its new Tianxing-B power pack will last 15 years and will be rolled out with the likes of Dongfeng, Golden Dragon and Yutong Bus

The South Korean tech giant says its new cutting-edge power pack charges in just nine minutes and boasts a 20-year lifespan

Lawmakers say the US should ban imports from the battery-makers because their supply chains are linked to Xinjiang and 'deeply compromised'

Solid-state batteries hold the promise of improved safety, a longer lifespan and faster charging compared with conventional lithium-ion batteries, but mass adoption remains some way off

CATL showed off the lithium iron phosphate (LFP) Shenxing Plus battery on the first media day of the Beijing auto show

US lawmakers are worried Chinese automakers will use Mexico as a back door to sell cheap EVs north of the border without paying tariffs

The US auto giant refused to say why it has paused construction but some lawmakers said it was a chance to call off its tie-up with the Chinese firm

The battery giant is shadowed by increasing competition from rivals like BYD, a capacity glut with its production facilities and headwinds in its efforts to expand globally