Current:Home > InvestHow electric vehicles got their juice -Secure Horizon Growth
How electric vehicles got their juice
TradeEdge Exchange View
Date:2025-04-08 22:44:02
The rise of Contemporary Amperex Technology Co., Limited (CATL) is one of the great business stories many people have never heard of. In just over 20 years, the company has grown from owner Zeng Yuqun and a few employees manufacturing iPod batteries to the world's largest producer of electric vehicle batteries.
The story of how CATL came to dominate the EV battery market, though, is a complex tale of nimble business decisions, the power of economies of scale and the role government protections played in promoting clean energy.
In this episode of our weeklong series on the climate crisis, we look at what CATL tells us about the role governments and markets play in securing a greener industrial future.
Music by Drop Electric. Find us: Twitter / Facebook / Newsletter.
Subscribe to our show on Apple Podcasts, Spotify, PocketCasts and NPR One.
For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org.
veryGood! (86175)
Related
- Juan Soto praise of Mets' future a tough sight for Yankees, but World Series goal remains
- Utility worker electrocuted after touching live wire working on power pole in Mississippi
- Dozens of pregnant women, some bleeding or in labor, being turned away from ERs despite federal law
- Tom Cruise performs 'epic stunt' at Olympics closing ceremony
- Federal court filings allege official committed perjury in lawsuit tied to Louisiana grain terminal
- Maine can now order employers to pay workers damages for missed wages
- Olympic medal count today: What is the medal count at 2024 Paris Games on Sunday?
- In Pennsylvania’s Competitive Senate Race, Fracking Takes Center Stage
- Tree trimmer dead after getting caught in wood chipper at Florida town hall
- Stripping Jordan Chiles of Olympic bronze medal shows IOC’s cruelty toward athletes, again
Ranking
- John Galliano out at Maison Margiela, capping year of fashion designer musical chairs
- First Snow, then Heat Interrupt a Hike From Mexico to Canada, as Climate Complicates an Iconic Adventure
- Mike Tirico left ESPN, MNF 8 years ago. Paris Olympics showed he made right call.
- From Biden to Gabbard, here’s what Harris’ past debates show before a faceoff with Trump
- Justice Department, Louisville reach deal after probe prompted by Breonna Taylor killing
- Dozens of pregnant women, some bleeding or in labor, being turned away from ERs despite federal law
- Emma Hayes, USWNT send a forceful message with Olympic gold: 'We're just at the beginning'
- Horoscopes Today, August 10, 2024
Recommendation
In ‘Nickel Boys,’ striving for a new way to see
'Snow White' trailer unveils Gal Gadot's Evil Queen; Lindsay Lohan is 'Freakier'
USA men's basketball, USWNT gold medal games at 2024 Paris Olympics most-watched in 20+ years
Tyrese Haliburton jokes about about riding bench for Team USA's gold medal
San Francisco names street for Associated Press photographer who captured the iconic Iwo Jima photo
Can I use my 401(k) as an ATM? New rules allow emergency withdrawals.
Utility worker electrocuted after touching live wire working on power pole in Mississippi
Summer tourists flock to boardwalks and piers while sticking to their budgets