China Dwarfs Rivals in Making Electric-Car Batteries

Contemporary Amperex Technology Co. Ltd. (CATL) is positioning itself as a major player in the global electric vehicle (EV) battery market, aiming to surpass Tesla in production capacity. Based in Nindy, China, CATL is transforming the region from a tea-growing area into a battery production hub. The company plans to launch a $2 billion IPO to fund the construction of the world's second-largest battery plant. Already dominant in China, CATL is expanding into Europe and the US, establishing offices and partnerships with automakers to solidify its global presence.

What is the primary goal of Contemporary Amperex Technology (CATL) as discussed in the first section?

• To collaborate exclusively with Tesla

• To diversify into solar energy production

• To focus solely on the Chinese market

• To become a leading global player in the EV battery market

Which city is being transformed into a battery production hub by CATL?

• Nindy

• Beijing

• Guangzhou

• Shanghai

What was Nindy primarily known for before CATL's expansion?

• A financial center

• A tea-growing region

• A major tech hub

• A tourist destination

Which regions are part of CATL's global expansion plans?

• Middle East and India

• Australia and New Zealand

• Europe and the US

• Africa and South America

What is CATL's strategy for entering the US market?

• Acquiring a US-based battery company

• Building a factory in Texas

• Hiring people in Detroit and opening an office

• Partnering with local startups