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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.

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