China’s battery giant eyes global domination in Trump era

News Snapshot:

Rolling hills dominate the skyline of nondescript Ningde city on China’s southeastern coast, except for one structure. A massive glass building with a curving facade shaped like a giant lithium-ion battery pack towers above the metropolis. This is the headquarters of the world’s largest battery maker, Contemporary Amperex Technology Company, or CATL. Since its founding in 2011, the company has enjoyed meteoric growth partly thanks to China’s state-sponsored support of renewable energy. Loading...