Designed to look like its lithium-ion cells, CATL’s headquarters towers over its surroundings in Ningde, eastern China.
The group’s low-cost batteries, which power one in three electric vehicles worldwide, have made the coastal city a must-visit destination for any auto executive thinking about affordable next-generation cars.
Its 18,000 research staff, along with an R&D budget that doubled last year to more than $2bn, show how hard it will be for rivals to catch up. Banners on CATL’s factory walls underline its determination to stay in front, urging staff to “break through, break through and break through again”.
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