CATL, the world's largest EV battery maker, aims for energy storage to represent half of its global sales by 2030, marking a significant strategic shift.

China, California, Texas

Who

CATL, General Motors, LG, Kurt Kelty, Waymo, B2U Storage Solutions

What

When

Wed, 10 Jun 2026 21:00:00 GMT · 2h 40m ago

Where

China, California, Texas ·

Why

Uncertainty in global energy markets and increased demand for energy storage from AI data centers are leading battery makers to diversify their operations.

The Frontline Impact

How this affects you

This pivot could lower global supplies of EV batteries, potentially causing EV prices to rise worldwide. The recycling of used EV batteries for energy storage also presents a win-win for companies, utilities, and environmentalists.

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Verified Sources & Citations

OilPrice
https://oilprice.com/Energy/Energy-General/The-Worlds-Biggest-Battery-Maker-Is-Turning-Away-From-EVs.html
HIGH

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