US market is doomed without my company, says China’s fourth richest man to America
Chinese battery giant CATL asserts that the US cannot produce electric vehicles without China’s involvement, citing its global dominance. Despite US lawmakers’ efforts to block Chinese batteries, CATL and BYD remain unfazed, believing protectionist measures will hinder the American auto market. CATL’s technology and low costs have propelled its leadership, with a significant portion of global EVs using its batteries.
