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business/news//Caixin
CATL Nears 2 Trillion Yuan Valuation as demand surges from artificial-intelligence data centers and energy storage.
CATL's market capitalization neared 2 trillion yuan after shares hit a record high.
KEY POINTS
Surging demand from AI data centers and energy storage is driving CATL's valuation increase.
Only five other companies on China's A-share market have exceeded a 2 trillion yuan valuation.
CATL is the first battery maker in China to approach this valuation milestone.