Bloomberg Law
May 26, 2023, 7:00 AM

EV Battery Leader CATL Joins BYD, Tesla to Tap Solar’s Boom

Bloomberg News
Bloomberg News

Contemporary Amperex Technology Co. Ltd., the world’s biggest electric vehicle battery producer, is joining Tesla Inc. and BYD Co. in adding a focus on the booming solar sector.

CATL said it is researching the development of perovskite cells, among the most promising methods to drive new improvements in solar panel performance. It also on Thursday struck an agreement with JA Solar Technology Co., China’s fourth-biggest module maker, to cooperate on scientific innovations, marketing and storage.

“We are building a pilot test line,” CATL said in a response to questions, without providing details on timelines or capacity.

BYD booth at SNEC PV Power Expo solar conference in Shanghai on May 26.
Source: Bloomberg

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