Tech Insider: Foxconn’s Sales Fall, CATL Looks to Battery-Powered Ships

Welcome to Caixin’s Tech Insider, your twice-weekly wrap on the movers, shakers and deal-makers in China’s tech scene.

CATL establishes ship battery making subsidiary

Contemporary Amperex Technology Co. Ltd. (CATL) has set up a subsidiary to develop batteries for ships, Caixin has learned, in a move that would allow it to capitalize on China’s push to turn river transportation into a green industry.