Current:Home > StocksHow electric vehicles got their juice -Prime Capital Blueprint
How electric vehicles got their juice
Johnathan Walker View
Date:2025-04-06 14:20:11
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! (4455)
Related
- A Mississippi company is sentenced for mislabeling cheap seafood as premium local fish
- Daunting, daring or dumb? Florida’s ‘healthy’ schedule provides obstacles and opportunities
- Judge blocks 24-hour waiting period for abortions in Ohio, citing 2023 reproductive rights amendment
- Virginia man arrested on suspicion of 'concealment of dead body' weeks after wife vanishes
- Tree trimmer dead after getting caught in wood chipper at Florida town hall
- TikTok Organization Pro Emilie Kiser’s Top Tips & Must-Have Products for a Clean, Organized Life
- Zayn Malik Shows Off Full Beard and Hair Transformation in New Video
- Unusually early cold storm could dust California’s Sierra Nevada peaks with rare August snow
- Former Syrian official arrested in California who oversaw prison charged with torture
- Parents charged after baby fatally mauled by dogs; pair accused of leaving baby to smoke
Ranking
- Nevada attorney general revives 2020 fake electors case
- Federal lawsuit challenges mask ban in suburban New York county, claims law is discriminatory
- Scott Servais' firing shows how desperate the Seattle Mariners are for a turnaround
- Oklahoma teachers were told to use the Bible. There’s resistance from schools as students return
- A South Texas lawmaker’s 15
- Fire hits historic Southern California baseball field seen in Hollywood movies
- Row house fire in Philadelphia kills woman, girl; man, boy taken to hospitals with 3rd-degree burns
- Prosecutor says ex-sheriff’s deputy charged with manslaughter in shooting of an airman at his home
Recommendation
Rylee Arnold Shares a Long
Union rep says West Virginia governor late on paying worker health insurance bills, despite denials
Oklahoma teachers were told to use the Bible. There’s resistance from schools as students return
Kylie Jenner, Chris Pratt and More Stars Celebrate Birth of Hailey and Justin Bieber's Baby Jack
'No Good Deed': Who's the killer in the Netflix comedy? And will there be a Season 2?
'I will be annoyed by his squeaky voice': Drew Bledsoe on Tom Brady's broadcasting debut
How smart are spiders? They zombify their firefly prey: 'Bloody amazing'
Chargers players rescued from 'inoperable elevator' by Dallas Fire-Rescue