Current:Home > ScamsHow electric vehicles got their juice -TradeWise
How electric vehicles got their juice
View
Date:2025-04-19 07:09:21
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! (68)
Related
- Toyota to invest $922 million to build a new paint facility at its Kentucky complex
- Is Hurricane Beryl going to hit Texas? The chances are increasing
- Mindy Kaling and the rise of the 'secret baby' trend
- Lightning strike blamed for wildfire that killed 2 people in New Mexico, damaged 1,400 structures
- McConnell absent from Senate on Thursday as he recovers from fall in Capitol
- Bunnie XO details her and Jelly Roll's plans to welcome babies via surrogate
- Celebrate July 4th with a hot dog: Best cities for hot dogs, America's favorite hot dog
- See How Tom Brady, Glen Powell and More Stars Celebrated Fourth of July
- Who are the most valuable sports franchises? Forbes releases new list of top 50 teams
- Mindy Kaling and the rise of the 'secret baby' trend
Ranking
- Grammy nominee Teddy Swims on love, growth and embracing change
- Are tanning beds safe? What dermatologists want you to know
- Here’s how Harris could take over Biden’s campaign cash if he drops out and she runs for president
- When is the Part 1 finale of 'Power Book II: Ghost' Season 4? Date, time, cast, where to watch
- The FBI should have done more to collect intelligence before the Capitol riot, watchdog finds
- 7 new and upcoming video games for summer 2024, including Luigi's Mansion 2 HD
- Bridgerton Surpasses Baby Reindeer With This Major Milestone
- 130 degrees: California's Death Valley may soon break world heat record
Recommendation
Bodycam footage shows high
Ranger injured and armed person making threats dies at Yellowstone, park says
Chet Hanks clarifies meaning of 'White Boy Summer' after release of hate speech report
Ford recalls more than 30,000 Mustangs over potential loss of steering control
Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Hi Hi!
Mega Millions winning numbers for July 2 drawing: Jackpot grows to $162 million
What are Americans searching for this July 4th? See top trending cocktails, hot dogs and more
Massachusetts lawmakers seek to expand scope of certain sexual offenses