China's Xi tells CATL he has mixed feelings about its battery market dominance

"Emerging industries must do a good job in planning, figuring out how big the market is and where the risks are. They should avoid marching ahead alone in an invincible fashion, only to be caught out by others and fail in the end," Xi was quoted as saying.Beijing has in recent years tightened its grip over the country's biggest companies, regulating how they do business in and outside China on areas from fundraising to data security.

CATL did not immediately respond to a request for comment. Xinhua did not say whether Zeng had responded to Xi.Reporting by Zhang Yan and Brenda Goh; Editing by Edwina Gibbs

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China Accuses the U.S. of Suppressing Chinese Tech CompaniesChina pushed back against the U.S. government's technology bans and accused the U.S. of 'ideological bias.' The same as China does. The true suppression of the Chinese companies is China itself. Specifically, Xi.
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