CATL, whose clients include Tesla, VW, BMW and Ford, is the world's biggest battery maker accounting for more than a third of the sales of batteries for electric vehicles worldwide.
, is the world's biggest battery maker accounting for more than a third of the sales of batteries for electric vehicles worldwide.
It aims to increase the lead over rivals such as LG Energy Solution and BYD by accelerating expansions globally and innovation in new battery technologies. Wan Gang, Vice Chairman of China's national advisory body for policy making, said the global market size of EV batteries is expected to reach $250 billion by 2030, with demand exceeding 3.5 terrawatt hours.
CATL said in a separate announcement on Saturday that it will supply Qilin batteries with its latest battery pack technology to power
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