High demand: CATL has tripled its production capacity for lithium-ion car batteries.
NINGDE: A dusty village on the outskirts of Ningde, a third-tier city in China's southeast, seems an unlikely place for the headquarters of a potential global leader in future automotive technology.
Yet China's top-down industrial policy diktats – move up the value chain, clean up polluted urban skies, and shift to plug-in cars – have Contemporary Amperex Technology Ltd (CATL) poised to go from hometown hero to national champion, and beyond.
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