The world’s largest maker of electric-vehicle batteries is struggling to win back investor confidence after shedding nearly $100 billion of market value in less than six months.
The market has cooled on China’s Contemporary Amperex Technology Co. , or CATL, as high raw-material costs have squeezed its profit margins. Over a longer term, some investors and analysts question whether CATL’s growth could suffer as competitors expand rapidly and customers try to diversify their supply chains.
