What’s new: Rather than using tariffs to steer electric vehicle (EV) battery production capacity to different countries, it ought to be spread out based on each one’s stake in the sector, Contemporary Amperex Technology Co. Ltd.’s (CATL) chief said.
CATL Chairman Zeng Yuqun proposed that capacity should be distributed proportionately, with China taking 40% due to its technological edge and the high efficiency of its investments. The Europe and the U.S. together should have 30% and battery material suppliers 30%, Zeng said Tuesday at the 15th Summer Davos in Dalian, Northeast China’s Liaoning province.
