Robin Zeng, the billionaire head of battery giant CATL, expects that half of all new trucks sold in China will be electric-powered by 2028, a forecast that heralds huge disruption for the global market in heavy goods vehicles.
In an interview with the Financial Times to mark CATL’s $4.6bn listing in Hong Kong, the largest in the world this year, Zeng said trucks powered by his batteries could cut cost per tonne-kilometre by 35 per cent compared with those fuelled by petrol.
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