How CATL came to dominate the EV-battery market, and how it has positioned itself to reap rewards from the coming boom in renewable energy.
Credit: Martin Schutt/picture-alliance/dpa/AP Images
In early 2017, employees of Chinese battery manufacturer Contemporary Amperex Technology Co. Limited (CATL) received an email from their boss, asking: “Will pigs fly?”
Buoyed by government subsidies, CATL was growing quickly and doing well financially. But its CEO and founder Zeng Yuqun was worried even so. Invoking the Chinese allegory, ‘when the typhoon comes, pigs will fly’, he questioned what would happen when the ‘typhoon’ of state subsidies for the electric vehicle ind
Exclusive longform investigative journalism, Q&As, news and analysis, and data on Chinese business elites and corporations. We publish China scoops you won't find anywhere else.
A weekly curated reading list on China from Andrew Peaple.
A daily roundup of China finance, business and economics headlines.
We offer discounts for groups, institutions and students. Go to our Subscriptions page for details.
The former Biden official and China scholar makes the case for the previous administration's approach and discusses why Beijing is content to watch the U.S. now dismantle its sources of strength
Navigate China's Business Landscape with Confidence.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.OKPrivacy policy