As Europe reels from Northvolt’s bankruptcy, as Goldman Sachs writes off its $900 million wager to a big fat zero in this embarrassing failure, CATL chugs along.
CATL should be one of the best known companies in the world, but as consumers don't see the batteries they don't really catch interest. This article comes at the same time that CATL struck a deal with Stellantis for a new battery plant in Spain. Expansion continues while European battery companies seem to fail one after the other with Northvolt the most famous and expansive just going bankrupt a few weeks ago.
I wonder what could make CATL lose it's lead? Is it mainly a better battery as when the BYD blade battery advanced beside CATL.
CATL should be one of the best known companies in the world, but as consumers don't see the batteries they don't really catch interest. This article comes at the same time that CATL struck a deal with Stellantis for a new battery plant in Spain. Expansion continues while European battery companies seem to fail one after the other with Northvolt the most famous and expansive just going bankrupt a few weeks ago.
I wonder what could make CATL lose it's lead? Is it mainly a better battery as when the BYD blade battery advanced beside CATL.
Great story and research, thank you!