On August 31, CATL fell 3.73% in regular trading, trading at 591.0 HKD/share, with turnover of 3.93 billion HKD. Multiple negative catalysts converged to weigh on the stock.

On the policy front, the lithium battery consumption tax is set to officially resume collection starting September 1 at a 4% tax rate, significantly raising the tax burden on battery producers. Industry players have already begun responding — some manufacturers have issued price adjustment letters to pass the incremental cost downstream, while others rushed to complete deliveries before the deadline. Analysts note the policy may also benefit automakers with in-house battery production capabilities, potentially pressuring pure-play battery makers like CATL.

Compounding the pressure, the environmental impact assessment acceptance notice for the company's flagship lithium spodumene mine in Jiangxi was withdrawn by local authorities on August 26 after public concerns over the compliance of the prior disclosure website. This effectively delays the mine's restart and nullifies expectations for incremental lithium salt supply within the year.

Additionally, a block trade at an 18.71% discount totaling 28.77 million RMB on August 27 further dampened short-term market sentiment.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)