Why do so many people get annoyed by grand narratives? CATL holds a 40% market share in power batteries and has been the world’s number one for nine consecutive years—this should be considered a success story of Made in China. The company’s net profit in 2025 is projected to exceed 70 billion yuan, with 36 billion yuan distributed as dividends, meaning the founder alone received 19 billion yuan over three years. Meanwhile, frontline workers saw their base salary increase by only 150 yuan in 2026, totaling just 230 million yuan in additional labor costs—only 0.3% of the company’s 2025 net profit. Logically, the pie has grown large enough, but this prosperity doesn’t seem to have reached the workers.
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