#NYTimes: Why a #Chinese Company Dominates Electric Car Batteries
CATL has given China a commanding lead in electric car batteries, a technology central to the broader green revolution. The company already supplies batteries to almost all of the world’s automakers, including G.M., Volkswagen, BMW and Tesla. CATL has emerged as one of the biggest winners of the electric car boom, along with Tesla.
Chinese government officials made sure CATL’s business stayed in Chinese hands. They created a captive market of battery customers. And when CATL needed money, they doled it out.
“CATL definitely seems like it’s the concept and creation of a master plan,” said Michael Dunne, a former G.M. executive in Asia and now an analyst.
Read more at: How China’s CATL Became the Top Electric Car Battery Maker – The New York Times (nytimes.com)