In fact, the subsidy of the Chinese government has also contributed to the rapid growth of this company. Since 2015, the Chinese government started giving subsidies to companies making batteries for electric cars.
CATL Chinese Company
Whether it is about economy or super power, America’s name comes first in the world. But there is a battery-making company in China, which has defeated many countries of the world, including India and the US, in the case of REC. The world’s largest billionaire employees work in this old company of just 10 years. In case of REC, the employees here beat companies like Google and Facebook.
The name of this Chinese company is Contemporary Ampex Technology (CATL), it is the highest billionaire company in the world. This Chinese company manufactures batteries for electric models of luxury cars companies BMW, Fox Wagon and Mercedes Benz.
There are 9 billionaire employees in the company
There are 9 billionaire employees in this battery-making company in China. At the same time, if you talk about America’s biggest companies, there are only 8 billionaires in companies like Facebook, Walmart and Google. Actually, this company has registered tremendous growth during the Corona period. Shares of this company have gone above 150 percent in just one year. This company was founded in the year 2011 and in just ten years this company has defeated many companies in the world in terms of rich employees.
The benefit of the policy of the Chinese government
Actually, the subsidy of the Chinese government has also contributed to the rapid growth of this company. Since 2015, the Chinese government started providing subsidies to companies making batteries for electric cars. This decision of the Chinese government significantly reduced the cost of the companies. This company also benefited from this decision of the government and today this company has become a big name in making batteries for electric vehicles and in this segment of more than 25 percent Has captured the market. According to Edamas Intelligence, 22% of the batteries used in electronic cars worldwide are made of CATL.
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