Tesla EV Batter Supplier CATL Wants to Catch Up to Peers, Gets In Solar Panels
Portfolio Pulse from Anusuya Lahiri
Tesla's EV battery supplier, Contemporary Amperex Technology Co Ltd (CATL), is researching perovskite cells for solar panel improvements and has partnered with China's JA Solar Technology Co for cooperation on scientific innovations, marketing, and storage. Tesla increased solar deployments by 40% YoY in Q1.
May 26, 2023 | 11:47 am
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BYD Co, an electric vehicle-to-battery producer, has built capacity to produce about 5 gigawatts of solar panels a year. The growing interest in solar technology and energy storage could benefit BYD.
BYD Co has built capacity to produce 5 gigawatts of solar panels a year, both domestically and overseas. With the growing interest in solar technology and energy storage, BYD could benefit from the expanding market and increased demand for solar panels and related products.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 60
POSITIVE IMPACT
BYD Co, an electric vehicle-to-battery producer, has built capacity to produce about 5 gigawatts of solar panels a year. The growing interest in solar technology and energy storage could benefit BYD.
BYD Co has built capacity to produce 5 gigawatts of solar panels a year, both domestically and overseas. With the growing interest in solar technology and energy storage, BYD could benefit from the expanding market and increased demand for solar panels and related products.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 60
POSITIVE IMPACT
Tesla's battery supplier CATL is researching solar panel improvements and partnering with JA Solar Technology, potentially benefiting Tesla's solar deployments, which increased 40% YoY in Q1.
CATL's research on perovskite cells and partnership with JA Solar Technology could lead to improvements in solar panel performance, which may benefit Tesla's solar deployments. Tesla has already seen a 40% YoY increase in solar deployments in Q1, and further advancements in solar technology could boost this growth.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80