It is the world’s biggest battery maker, it powers electric vehicles for Tesla, Volkswagen and BMW, and its EV technology is miles ahead of US offerings, say experts
CATL is the world’s biggest battery maker, and its Chinese ownership has the US worried about its tech dominance.CATL is the world’s biggest battery maker, and its Chinese ownership has the US worried about its tech dominance.
A Chinese company that most people have never heard of is at the heart of the global race to store the clean energy needed to power the green transition in the US and the rest of the world. “This is new,” says Tu Le, the founder of Sino Auto Insights, a consultancy, of the recent scrutiny on CATL. “This is not something that had been talked about or discussed by the US government. There were never any concerns before.”Tesla, which already uses CATL batteries, is reportedly planning to open a new battery factory using CATL machinery in Nevada this year.
Michael Dunne, the founder of Dunne Insights, an EV consultancy, says the US is “years behind when it comes to batteries, battery supply chains, critical minerals. This is where our cupboard is bare.”