CATL, the world's largest battery maker, is expanding its reach beyond the electric vehicle sector in a major shift in its business strategy. According to a report by the Financial Times, the Chinese company is diversifying its portfolio by targeting industries such as renewable energy, consumer electronics, and even grid-scale energy storage. This move is seen as a strategic response to the slowing growth of the electric vehicle market, which has driven CATL's massive success in recent years. As the company looks to reduce its dependence on a single industry, it may have significant implications for the global energy landscape and the future of sustainable technologies.
Battery giant CATL is no longer just a play on electric vehicles Financial Times
