Current:Home > FinanceHow electric vehicles got their juice -ThriveEdge Finance
How electric vehicles got their juice
View
Date:2025-04-20 11:12:53
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! (7163)
Related
- At site of suspected mass killings, Syrians recall horrors, hope for answers
- Family of woman killed by falling utility pole to receive $30M settlement
- NFL's new 'dynamic' kickoff rules are already throwing teams for a loop
- NASA Shares Update on Astronauts Stuck Indefinitely in Space
- Former longtime South Carolina congressman John Spratt dies at 82
- Big Georgia county to start charging some costs to people who challenge the eligibility of voters
- Bristol Palin Shares 15-Year-Old Son Tripp Has Moved Back to Alaska
- Wally Amos, 88, of cookie fame, died at home in Hawaii. He lost Famous Amos but found other success
- A South Texas lawmaker’s 15
- ATTN: The Viral UGG Tazz Slippers Are in Stock RN, Get Them Before They Sell out Ahead of Fall
Ranking
- Meta donates $1 million to Trump’s inauguration fund
- Collin Gosselin claims he was discharged from Marines due to institutionalization by mom Kate
- 51 Must-Try Stress Relief & Self-Care Products for National Relaxation Day (& National Wellness Month)
- What to stream: Post Malone goes country, Sydney Sweeney plays a nun and Madden 25 hits the field
- Google unveils a quantum chip. Could it help unlock the universe's deepest secrets?
- Red Cross blood inventory plummets 25% in July, impacted by heat and record low donations
- Charlie Sheen’s Daughter Sami Sheen Undergoes Plastic Surgery for Droopy Nose
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Back Channels
Recommendation
IRS recovers $4.7 billion in back taxes and braces for cuts with Trump and GOP in power
'Jackpot!' star John Cena loves rappers, good coffee and a fine tailored suit
Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Back Channels
'Truffles is just like me:' How a Pennsylvania cat makes kids feel proud to wear glasses
Jamie Foxx gets stitches after a glass is thrown at him during dinner in Beverly Hills
Social media took my daughter from me. As a parent, I'm fighting back.
Never seen an 'Alien' movie? 'Romulus' director wants to scare you most
Sanitation workers discover dead newborn boy inside Houston trash compactor