China’s grand designs to dominate the future of clean energy paid off spectacularly this week. In a public offering on June 11 in Shenzhen, battery giant Contemporary Amperex Technology Ltd. (CATL) raised nearly $1 billion to fund ambitious expansion plans, and its stock has been shooting up every day since. Thanks largely to the company’s new plants, China will be making 70 percent of the world’s electric-vehicle batteries by 2021, according to Bloomberg New Energy Finance (BNEF).
China’s ambition to power the world’s electric cars took a huge leap forward
More of Today's Solutions
Yangtze River sees major ecological recovery after China’s fishing ban
BY THE OPTIMIST DAILY EDITORIAL TEAM After decades of ecological decline, China’s Yangtze River, Asia’s longest and one of the most degraded waterways in ...
Read More10 brain-boosting hobbies for older adults that help keep the brain and body ...
BY THE OPTIMIST DAILY EDITORIAL TEAM Many people yearn for the golden years of retirement, where the grind often slows down, and we have ...
Read MoreNavigating counteroffers: a complete guide to making the right career move
Starting a job search is like stepping onto a carousel of potential opportunities. Once you secure that amazing new job offer, the excitement is palpable. But what if, just ...
Read MoreAre holiday tunes good for your health? Here’s what science says
BY THE OPTIMIST DAILY EDITORIAL TEAM Love it or hate it, Christmas music is an inescapable part of the holiday season. For some, it’s ...
Read More
