CATL Raises Wages for Workers, Boosting EV Job Market Confidence
Chinese battery giant CATL is raising wages for its frontline workers in a move that stands out amid China's economic slowdown and widespread layoffs. The company will increase base salaries by RMB 150 ($21) starting January 1, 2026.Key TakeawaysCATL raises wages for over 90,000 production workers to attract and retain talent.The move boosts morale amid economic uncertainty in China's EV sector.An incentive program encourages work during the Chinese New Year holiday period.With CATL having around 132,000 employees at year-end 2024 and nearly 97,000 frontline workers, this wage hike comes as a positive signal to China's electric vehicle supply chain. Robin Zeng, the company’s founder and CEO, confirmed the decision in local media.The JG1-6 job grades that will see increased wages include as...