CATL, the leading supplier of electric vehicle batteries, is venturing into power grid batteries, aiming to develop green energy solutions for various sectors.
Robin Zeng, founder of CATL, expressed that the potential for zero-carbon electric grids could vastly exceed the current demand for electric vehicle batteries.
Tesla's rapid success in the energy market demonstrates the financial viability of such ventures, with its energy division achieving a record gross margin recently.
CATL currently controls 37% of the global EV battery market share, illustrating its dominant position as it pivots to include energy grid developments.
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