In addition to improved energy density thanks to new materials, Yuqun said that costs will be lower as compared to both cobalt- and nickel-based batteries that are widely used today. Ideally, this will translate to a cheaper, more affordable electric car. We say car because it isn’t just Tesla that CATL is making these batteries for.
In fact, the brand is the world’s largest battery maker, and its sales figures alone account for more than one-third of the sales of batteries for EVs across the globe. CATL’s clientele includes other automakers as well, like Volkswagen and BMW. Ford even gets batteries from CATL.
