Current:Home > MyHow electric vehicles got their juice -Wealth Pursuit Network
How electric vehicles got their juice
View
Date:2025-04-18 07:03:51
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! (21)
Related
- Federal hiring is about to get the Trump treatment
- Lizzo Seemingly Quits Hollywood Over “Lies” Told About Her
- The Biden Administration Adds Teeth Back to Endangered Species Act Weakened Under Trump
- Minnesota Legislature will return from Easter break with plenty of bills still in the pipeline
- 'No Good Deed': Who's the killer in the Netflix comedy? And will there be a Season 2?
- Closed bridges highlight years of neglect, backlog of repairs awaiting funding
- Powerlifter Angel Flores, like other transgender athletes, tells her story in her own words
- Beyoncé's 'Cowboy Carter' is a little bit country and a whole lot more: Review
- Paris Hilton, Nicole Richie return for an 'Encore,' reminisce about 'The Simple Life'
- Tori Spelling files to divorce estranged husband Dean McDermott after 17 years of marriage
Ranking
- $73.5M beach replenishment project starts in January at Jersey Shore
- Nate Oats channels Nick Saban's 'rat poison' talk as former Alabama football coach provides support
- Midwest Maple Syrup Producers Adapt to Record Warm Winter, Uncertainty as Climate Changes
- Five wounded when man shoots following fight over parking space at a Detroit bar
- Nearly half of US teens are online ‘constantly,’ Pew report finds
- 'Young and the Restless' actress Jennifer Leak dies at 76, ex-husband Tim Matheson mourns loss
- 'Young and the Restless' actress Jennifer Leak dies at 76, ex-husband Tim Matheson mourns loss
- New Jersey father charged after 9-year-old son’s body found in burning car
Recommendation
Can Bill Belichick turn North Carolina into a winner? At 72, he's chasing one last high
Georgia House and Senate showcase contrasting priorities as 2024 session ends
Powell says Fed wants to see ‘more good inflation readings’ before it can cut rates
American tourist dies, U.S. Marine missing in separate incidents off Puerto Rico coast
From family road trips to travel woes: Americans are navigating skyrocketing holiday costs
Truck driver in fatal Texas school bus crash arrested Friday; admitted drug use before wreck, police say
What restaurants are open Easter 2024? Details on Starbucks, McDonald's, fast food, takeout
At collapsed Baltimore bridge, focus shifts to the weighty job of removing the massive structure