Bloomberg Businessweek

Electric Battery Makers Should Fear This Factory

China’s CATL is building a mammoth plant as it tries to expand abroad
The CATL plant is rising on landfilled mudflats in Ningde, in eastern China

The isolated city of Ningde, on the mountainous shoreline of the East China Sea, is best known for fishing and farming. Only recently have a few Starbucks and McDonald’s outlets begun to show up in this home to 3 million. When President Xi Jinping apprenticed here as a Communist Party chief in the 1980s, it was the poorest city on the coast. Now, however, Ningde should have Panasonic, Samsung SDI, and LG Chem, the Big Three makers of lithium ion batteries for electric vehicles, running scared.

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