“New entrants can’t quickly catch up,” said a CATL spokesperson. “We are way ahead in innovation and we have demonstrated the ability to rapidly transfer R & D to mass production.”

In one recent example of the Chinese group’s prowess, US carmaker Ford has turned to licensing CATL’s technology and engineering knowhow to build a $US3.5 billion battery plant in Michigan.

Can anyone break China’s EV battery stranglehold? comes via ChinaTechNews.com.