CATL Reinvents as Green Energy Firm
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battery businessReuters
•Exclusive-Chinese giant CATL pushes beyond batteries into power grids, EV platforms
74% Informative
CATL founder Robin Zeng aims to reinvent the world’s largest battery maker as a green-energy provider.
Zeng says he expects the business of developing and managing " zero carbon" electric grids could be " ten times" larger than supplying electric-vehicle batteries.
He plans to offer an off-the-shelf electric-car platform with a long-range battery integrated into a chassis.
CATL supplies batteries for more than a third of electric or hybrid vehicles globally.
CATL faces competition in the new market for ready-to-make EV platforms, including from Xpeng and Launch Design.
CATL operates a six-year-old factory in Germany , its first in Europe , and is building a new plant in Hungary .
Zeng : European automakers would be better off partnering with Chinese automakers to bring lower-cost EVs to market.
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