How China left the world far behind in the EV battery race

CATL at the Munich show 2023 — CATL can trace its origins as a battery producer to 1999. A model of a battery-powered motor at the CATL booth is shown on the opening day of the IAA Munich mobility show this year. (BLOOMBERG)

AR

By:

AKSHAT RATHI

B

By:

Bloomberg

|

October 13, 2023 09:53 AM

Below is an extract from a new book Climate Capitalism, written by Akshat Rathi, a London-based reporter for Bloomberg News. Akshat explains the origin of China's dominance in the battery market through the lens of CATL, now the world's largest battery company.

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