It would be a stretch to describe Zeng Yuqun as China’s answer to Elon Musk. While the latter is one of the world’s best-known entrepreneurs, as famous for his ambitions in space travel as for founding Tesla, the electric carmaker, the other does not even have his own Wikipedia entry. Yet, in the race for leadership of the battery technology that is forecast to transform the worlds of automotives and energy, Zeng could have as big a role as his better-known American rival. In just seven years since founding Contemporary Amperex Technology, or CATL, the media-shy Zeng has turned the company into one of China’s biggest battery producers, with aggressive plans for further expansion which would see it surpass Tesla’s giant “gigafactor y” in the US.
FT 15th March 2018 read more »