Caixin
May 08, 2018 06:40 PM
BUSINESS & TECH

Newcomer Surges to Top of Electric-Vehicle Battery Market

Battery-maker CATL hosts a booth in the southern city of Shenzhen on Nov. 12. Photo: VCG
Battery-maker CATL hosts a booth in the southern city of Shenzhen on Nov. 12. Photo: VCG

* Fujian-based CATL has managed to pull ahead of other big players in the electric-vehicle battery industry over the last four years.

* However, the battery-maker faces uncertainties once the Chinese government phases out subsidies and other preferential policies for electric vehicles by the end of the decade

 

(Beijing) — It took only four years for Contemporary Amperex Technology Co. Ltd. (CATL), previously a little-known business in Ningde, Fujian province, to seize the crown as the world’s top maker of batteries for electric vehicles.

You've accessed an article available only to subscribers
VIEW OPTIONS
Share this article
Open WeChat and scan the QR code
Copyright © 2017 Caixin Global Limited. All Rights Reserved.