Current:Home > NewsHow electric vehicles got their juice -Finovate
How electric vehicles got their juice
View
Date:2025-04-18 12:33:02
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! (12666)
Related
- As Trump Enters Office, a Ripe Oil and Gas Target Appears: An Alabama National Forest
- A Missouri law forbids pregnant women from divorce. A proposed bill looks to change that.
- Nashville Uber driver fatally shoots passenger after alleged kidnapping
- Stock market today: Asian shares are mixed after Wall Street slips lower and bitcoin bounces higher
- Civic engagement nonprofits say democracy needs support in between big elections. Do funders agree?
- White powder sent to judge in Donald Trump’s civil fraud case, adding to wave of security scares
- Report: Chiefs release WR Marquez Valdes-Scantling, save $12 million in cap space
- Medicaid expansion proposal advances through Republican-led Mississippi House, will go to Senate
- Federal court filings allege official committed perjury in lawsuit tied to Louisiana grain terminal
- Electronic Arts cutting about 5% of workforce with layoffs ongoing in gaming and tech sector
Ranking
- Juan Soto to be introduced by Mets at Citi Field after striking record $765 million, 15
- Odysseus lunar mission: See the best pictures from the lander's historic moon landing
- Parents are hiring 'concierge moms' to help their kids at college, but is it a bad idea?
- 2024 NFL draft: Notre Dame's Joe Alt leads top 5 offensive tackle prospect list
- The FTC says 'gamified' online job scams by WhatsApp and text on the rise. What to know.
- Don Henley says lyrics to ‘Hotel California’ and other Eagles songs were always his sole property
- Donna Summer's estate sues Kanye West and Ty Dolla $ign, accusing artists of illegally using I Feel Love
- Reparations experts say San Francisco’s apology to black residents is a start, but not enough
Recommendation
The Grammy nominee you need to hear: Esperanza Spalding
Titan Sub Tragedy: New Documentary Clip Features Banging Sounds Heard Amid Search
Norwegian Dawn cruise ship allowed to dock in Mauritius after cholera scare
Curb Your Enthusiasm Actor Richard Lewis Dead at 76
Civic engagement nonprofits say democracy needs support in between big elections. Do funders agree?
Get a $1,071 HP Laptop for $399, 59% off Free People, 72% off Kate Spade & More Leap Day Deals
Maine’s deadliest shooting spurs additional gun control proposals
Family Dollar is fined over $40 million due to a rodent infestation in its warehouse