CATL’s new lithium pricing structure gives Chinese original equipment manufacturers (OEM) an effective discount of more than 20%. It is making the move to win more orders amid a slowdown in the electric-vehicle market and the ongoing efforts of cell manufacturers to secure raw materials.
In the coming years, the global battery market will be shaped primarily by the factors of sustainability, the availability of raw materials, the growing number of electric cars, and the desire for .
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Volkswagen CEO Herbert Diess
Max Senges traded the visionary buzz of Silicon Valley for an old-school German industrial centre bracing for a dramatic overhaul.
As head of a new coding school in Wolfsburg, the former Google researcher is a small but important part of Volkswagen’s massive push into software. The strategy involving more than US$30-billion in investment and multiple projects and partnerships is critical to catch up to Tesla and counter the existential risks posed by the automotive ambitions of Apple and Alphabet.
“The car industry is changing from a focus on, ‘faster, stronger,’ to becoming more sustainable and smarter,” said Senges, who worked at Google for more than a decade. “What matters for us here is to foster a mindset” that can bridge the tech and auto worlds.