Chinese battery industry faces consolidation wave
中国电池行业迎来整合潮
A wave of consolidation has swept across China’s battery industry, leading to cancelled investments and the exits of smaller players even as leaders CATL and BYD push ahead with their expansion plans.
整合浪潮已席卷中国电池行业，导致许多投资被取消，规模较小的参与者被迫退出，尽管宁德时代(CATL)和比亚迪(BYD)这样的头部企业仍在继续推进各自的扩张计划。
The Chinese market is sharply divided between the bigger players such as CATL and BYD, which dominate the global market for electric vehicle batteries, and a score of smaller players that are left to compete with less financial power and cost competitiveness.
中国市场存在明显的分化，除了宁德时代和比亚迪这些在全球电动汽车电池市场占据主导地位的大型企业，还有数十家规模较小的参与者只能凭借不多的财力和不太有优势的成本参与竞争。
