🔴 CATL is trading 5.66% down today amid Li Auto’s shift toward in-house batteries

CATL is trading at THB 5.00, down -5.66%, amid concerns that Li Auto’s broader shift toward in-house batteries could reduce future CATL demand.

• The upcoming i9 is initially set to use CATL packs but is expected to transition later.
• An unconfirmed report indicated a near-10% September production decline, although analysts cited strong installations and order flow.
• Broader China demand concerns also weigh on sentiment; August retail sales were below expectations. The catalyst appears company- and sector-related rather than broad-market driven.