China’s battery giant eyes world domination
CATL’s blockbuster listing will power its expansion
Set amid a backdrop of lush rolling hills and marshy lakes, Ningde is an unassuming town on the south-eastern coast of China, lined with low-rise buildings and apartment blocks. One structure stands out: a gleaming rectangular tower with a gently curving glass façade, which bears an uncanny resemblance to a giant lithium-ion battery pack.
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This article appeared in the Business section of the print edition under the headline “Supercharger”
From the May 24th 2025 edition
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