Current:Home > MyHow electric vehicles got their juice -Excel Wealth Summit
How electric vehicles got their juice
View
Date:2025-04-19 13:24:11
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! (78)
Related
- Will the 'Yellowstone' finale be the last episode? What we know about Season 6, spinoffs
- Colorado, Deion Sanders control their own destiny after win over Texas Tech: Highlights
- How many points did Bronny James score tonight in G League debut?
- A record 13 women will be governors next year after New Hampshire elected Kelly Ayotte
- IRS recovers $4.7 billion in back taxes and braces for cuts with Trump and GOP in power
- Levi Strauss heir Daniel Lurie pledges to make San Francisco safer as mayor
- Indiana, Alabama among teams joining College Football Playoff bracket projection
- Michigan jury awards millions to a woman fired after refusing to get a COVID-19 vaccine
- Trump issues order to ban transgender troops from serving openly in the military
- Nico Iamaleava injury update: Why did Tennessee QB leave game vs. Mississippi State?
Ranking
- Dick Vitale announces he is cancer free: 'Santa Claus came early'
- Boys who survived mass shooting, father believed dead in California boating accident
- Ariana Grande's Parents Joan Grande and Edward Butera Support Her at Wicked Premiere
- Historic winter storm buries New Mexico, Colorado in snow. Warmer temps ahead
- Macy's says employee who allegedly hid $150 million in expenses had no major 'impact'
- Democrat April McClain Delaney wins a US House seat in a competitive Maryland race
- After impressive Georgia win, there's no denying Lane Kiffin is a legit ball coach
- The Boy Scouts inspired Norman Rockwell. His works will now help pay abuse survivors
Recommendation
'No Good Deed': Who's the killer in the Netflix comedy? And will there be a Season 2?
Kevin O'Connell encourages benched Anthony Richardson: 'I still believe in you'
Officials say 1 of several New Jersey wildfires threatens 55 structures; no evacuations ordered
Pretty Little Liars' Brant Daugherty Reveals Which NSFW Movie He Hopes His Kids Don't See
Macy's says employee who allegedly hid $150 million in expenses had no major 'impact'
Parked vehicle with gas cylinders explodes on NYC street, damaging homes and cars, officials say
LGBTQ+ hotlines experience influx in crisis calls amid 2024 presidential election
Jason Kelce Reacts After Getting in Trouble With Kylie Kelce Over NSFW Sex Comment