The world’s largest maker of electric vehicle batteries unveiled a new technology last month: a cell that runs not on lithium but sodium, a cheap and abundant material that can be extracted from salt.
“Innovation is in the genes of CATL,” said Robin Zeng, the Chinese company’s co-founder and chief executive, “and also the driving force of our rapid development.”
Based in the coastal city of Ningde, better known for its tea plantations, Contemporary Amperex Technology has risen in less than 10 years to become the biggest global battery group by market share, supplying carmakers from Tesla and BMW to domestic start-up Nio.
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