“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.
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