Current:Home > reviewsHow electric vehicles got their juice -TruePath Finance
How electric vehicles got their juice
View
Date:2025-04-20 12:31:37
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! (13)
Related
- Global Warming Set the Stage for Los Angeles Fires
- Getting a measly interest rate on your savings? Here's how to score a better deal
- A multiverse of 'Everything Everywhere' props are auctioned, raising $555K for charity
- Thousands Came to Minnesota to Protest New Construction on the Line 3 Pipeline. Hundreds Left in Handcuffs but More Vowed to Fight on.
- Tarte Shape Tape Concealer Sells Once Every 4 Seconds: Get 50% Off Before It's Gone
- A multiverse of 'Everything Everywhere' props are auctioned, raising $555K for charity
- Citing an ‘Imminent’ Health Threat, the EPA Orders Temporary Shut Down of St. Croix Oil Refinery
- Nissan recalls over 800K SUVs because a key defect can cut off the engine
- Newly elected West Virginia lawmaker arrested and accused of making terroristic threats
- You'd Never Guess This Chic & Affordable Summer Dress Was From Amazon— Here's Why 2,800+ Shoppers Love It
Ranking
- Angelina Jolie nearly fainted making Maria Callas movie: 'My body wasn’t strong enough'
- Inside Pregnant Kourtney Kardashian and Travis Barker's Blended Family
- Warming Trends: Cacophonous Reefs, Vertical Gardens and an Advent Calendar Filled With Tiny Climate Protesters
- Flash Deal: Get a Samsung Galaxy A23 5G Phone for Just $105
- FACT FOCUS: Inspector general’s Jan. 6 report misrepresented as proof of FBI setup
- Florida community hopping with dozens of rabbits in need of rescue
- Colorado’s Suburban Firestorm Shows the Threat of Climate-Driven Wildfires is Moving Into Unusual Seasons and Landscapes
- Was 2020 The Year That EVs Hit it Big? Almost, But Not Quite
Recommendation
Apple iOS 18.2: What to know about top features, including Genmoji, AI updates
CBOhhhh, that's what they do
Is the government choosing winners and losers?
Man, woman charged with kidnapping, holding woman captive for weeks in Texas
$73.5M beach replenishment project starts in January at Jersey Shore
Elon Musk apologizes after mocking laid-off Twitter employee with disability
Alaska’s Dalton Highway Is Threatened by Climate Change and Facing a Highly Uncertain Future
Alyson Stoner Says They Were Fired from Children’s Show After Coming Out as Queer