Newcomer Surges to Top of Electric-Vehicle Battery Market
* 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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