Beijing wants to end the battery industry’s intense price wars, but a recent move from CATL “complicates that picture and raises questions about who really controls pricing in the market,” as Volt Rush’s Henry Sanderson wrote yesterday. When suppliers tried to force prices higher to satisfy the government’s new “anti-involution” mandate, the battery giant simply bankrolled a cheaper newcomer—proving that even in China's power hierarchy, a monopoly can still overrule the regulators.