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CATL dives into batteries for power grids

  • China's biggest EV cell supplier, CATL, plans to develop and manage green energy power grids for various sectors.
  • CATL founder Robin Zeng believes zero-carbon electric grids could be ten times larger than EV batteries.
  • CATL currently holds a 37% global market share for electric vehicle batteries.
  • Tesla's energy division, Tesla Energy, has already exceeded battery deployment expectations and reported a record gross margin in Q3 2024.

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