CATL and Other Battery Makers Race to Stay Ahead of Tesla Batteries
CATL is the largest lithium-ion battery supplier in the world and they plan to increase production by four times to 263 GWh in 2023. CATL Chairman Zeng Yuqun said global lithium battery market demand will increase significantly starting in 2021. Zeng said growth of capacity in the entire industry chain is relatively slow, and effective …