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China invests heavily in energy storage and auto industry, boosting CATL's market share and expansion.
China plans to invest 250 billion yuan in energy storage and support its auto industry, boosting stocks of major battery makers like CATL, the world's largest EV battery maker.
The government aims to increase new-energy vehicle sales by 20% and set a 2025 sales target of 32.3 million vehicles.
CATL has seen its market share grow to 42.4% in China and is expanding in Europe with new battery packs for clients like BMW and a factory in Hungary.
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China invierte fuertemente en el almacenamiento de energía y la industria automotriz, impulsando la cuota de mercado de CATL y su expansión.