Power surge: Chinese electric car battery maker charges for global market


  • TECH Premium
  • Monday, 26 Dec 2016

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.

Article type: metered
User access status: 3
Join our Telegram channel to get our Evening Alerts and breaking news highlights
   

Next In Tech News

Spain's Cabify plans online grocery delivery in Latin America in 2022 Premium
Australia to raise possibility of more legislation on tech giants with new inquiry Premium
Battery maker Factorial Energy enters investment deal with Daimler, Stellantis Premium
JPMorgan to back KKR's 45 billion euro financing in TIM deal -paper Premium
Zoom gets sued by Japanese company that stakes claim on name Premium
Welcome to Musklandia: Austin adjusts to life with Tesla and its eccentric billionaire boss Elon Musk Premium
UK watchdog orders Facebook owner Meta to sell Giphy Premium
Unifi promises service restoration in 24 hours or RM50 billing rebate to customers Premium
LG Energy Solution gets preliminary approval for IPO Premium
South Korea set to delay crypto taxation by one year to begin in 2023 Premium

Others Also Read


Vouchers