BizBeat Ep.148: Made in China: CATL powers up electric vehicle world
Contemporary Amperex Technology Ltd (CATL), the world No.1 power battery provider in new energy vehicle sector exceeded one trillion yuan market cap recently. A company situated in Ningde, Fujian province, CATL achieved its leading position within less than a decade and successfully surpassed its international peers LG and Panasonic. As the lock-up period expires today, about 40% of CATL’s outstanding shares will be added to its public free float. In this episode of BizBeat, CGTN's Kate Kui deciphers the core competitive advantage of CATL for you.