CATL, the little-known Chinese battery maker that has the US worried

https://www.theguardian.com/world/2024/mar/18/catl-chinese-battery-maker-evs-electric-vehicles

Below is just the introduction but it seems clear from the piece that Chinese battery companies will not be allowed to control the battery market. The EU and US are likely to introduce market mechanisms to ensure environmental, energy and national security imperatives.

"A Chinese company that most people have never heard of is at the heart of the global race to store the clean energy needed to power the green transition in the US and the rest of the world.China’s Contemporary Amperex Technology Co Limited, or CATL, is an energy storage specialist that is the world’s largest battery maker for electric vehicles (EVs). But despite the fact that the company controls nearly two-fifths of the world’s EV battery market – and has powered cars made by brands including Tesla, Volkswagen and BMW – it has long flown under the radar of US politics. Until now.In February, Duke Energy, a US energy company that serves more than 8 million customers, said it was phasing out the use of CATL batteries. Duke said it would replace the CATL products with technology from a “domestic or allied nation supplier”."