Part 2/11:
The battery industry has become an intensely competitive arena, similar to a high-stakes chess game. Major players like Tesla and Toyota have committed billions to the development of solid-state battery technology, which promises enhanced energy density and safety. With an ambitious projection that the global EV battery market will soar to $135 billion by 2027, competition has only intensified. Tesla aims for an energy density of 400 watt-hours per kilogram, while Toyota sets sights on 500 watt-hours. However, CATL, holding a market share of 36.7%, is quietly charting a different course with its revolutionary innovations.