Current:Home > NewsHow electric vehicles got their juice -Wealth Axis Pro
How electric vehicles got their juice
View
Date:2025-04-19 09:58:04
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! (716)
Related
- Who are the most valuable sports franchises? Forbes releases new list of top 50 teams
- Alaska’s Big Whale Mystery: Where Are the Bowheads?
- Gov. Newsom sends National Guard and CHP to tackle San Francisco's fentanyl crisis
- Supreme Court extends freeze on changes to abortion pill access until Friday
- South Korea's acting president moves to reassure allies, calm markets after Yoon impeachment
- States Look to Establish ‘Green Banks’ as Federal Cash Dries Up
- Bruce Willis' 9-Year-Old Daughter Is Researching Dementia Amid Dad's Health Journey
- Tom Brady romantically linked to Russian model Irina Shayk, Cristiano Ronaldo's ex
- What do we know about the mysterious drones reported flying over New Jersey?
- Ex-NYPD sergeant convicted of acting as Chinese agent
Ranking
- Rolling Loud 2024: Lineup, how to stream the world's largest hip hop music festival
- Knoxville has only one Black-owned radio station. The FCC is threatening its license.
- Search for British actor Julian Sands resumes 5 months after he was reported missing
- Damaged section of Interstate 95 to partially reopen earlier than expected following bridge collapse
- Meet the volunteers risking their lives to deliver Christmas gifts to children in Haiti
- Mass. Governor Spearheads the ‘Costco’ of Wind Energy Development
- New Samsung Galaxy devices are coming—this is your last chance to pre-order and get $50 off
- North Dakota's governor has signed a law banning nearly all abortions
Recommendation
Nearly half of US teens are online ‘constantly,’ Pew report finds
Meet the 3 Climate Scientists Named MacArthur ‘Genius Grant’ Fellows
North Dakota governor signs law limiting trans health care
It's never too late to explore your gender identity. Here's how to start
IRS recovers $4.7 billion in back taxes and braces for cuts with Trump and GOP in power
Inside the Coal War Games
Some state lawmakers say Tennessee expulsions highlight growing tensions
Is coconut water an electrolyte boost or just empty calories?