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China's EV Juggernaut Is a Warning for the West

It wasn’t just a big hand from the state; competitive pressure and creativity have made Chinese-designed and -built electric cars formidable competitors. It wasn’t just a big hand from the state; competitive pressure and creativity have made Chinese-designed and -built electric cars formidable competitors. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is…

The Green Energy Factory Facing a Storm of China Backlash

Chinese clean-energy manufacturers were enticed by huge green subsidies to expand in the U.S. Now, they are confronting a storm of anti-China sentiment. Projects across the country involving Chinese companies face resistance, including a $3.5 billion battery factory Ford Motor Co. is setting up with the help of Chinese battery company Contemporary Amperex Technology Co. , or CATL. Other projects are soft-pedaling their Chinese ties.  Chinese clean-energy manufacturers were enticed by…

Chinese Battery Giant CATL Raises $6.7 Billion in Share Sale

Tesla Inc. battery supplier Contemporary Amperex Technology Co. 300750 4.02% raised about $6.7 billion in one of the world’s biggest share sales this year, showing the relative resilience of China’s market for stock offerings. The deal also reflects continued investor appetite for some new-energy-related investments—even as share prices for many U.S.-listed electric-vehicle manufacturers have tumbled in…

This Tesla-Supplying Battery Maker Has Lost Some of Its Power

The world’s largest maker of EV batteries is struggling to win back investor confidence after shedding nearly $100 billion of market value in less than six months.The market has cooled on China’s Contemporary Amperex Technology Co. 300750 2.77% , or CATL, as high raw-material costs have squeezed its profit margins. Over a longer term, some investors and analysts question whether CATL’s growth could suffer as competitors expand rapidly and customers try to diversify their…