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In Good Company with Nicolai Tangen

CATL CEO & Founder Robin Zeng: The journey to market dominance and powering the future of batteries

In Good Company with Nicolai Tangen

Norges Bank Investment Management

In Good Company, Business, Norges Bank, Nicolai Tangen

4.8 • 186 Ratings

🗓️ 18 September 2024

⏱️ 29 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

In this episode, Nicolai is joined by Robin Zeng , founder and CEO of CATL, the world's largest battery producer. The company has a staggering 37.5% market share, and CATL has revolutionised the battery industry, powering millions of electric vehicles and contributing significantly to renewable energy storage. But how does a Chinese company view differences between their home market, the US and Europe? Tune in learn more from Robin about the importance of understanding consumer needs, the innovative technologies behind CATLs success, and the companys vision for a zero-carbon future. This episode offers a true deep dive into the challenges and triumphs of leading a global battery powerhouse, the complexities of scaling production, and the critical role of research and development in driving sustainable energy solutions.


In Good Company is hosted by Nicolai Tangen, CEO of Norges Bank Investment Management.

New episode out every Wednesday.


The production team for this episode includes PLAN-Bs Pål Huuse and Niklas Figenschau Johansen. Background research was conducted by Kristian Haga and Arnab Seal.



Hosted on Acast. See acast.com/privacy for more information.

Transcript

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0:00.0

Hi everybody and welcome to In Good Company.

0:03.8

I'm Nicola Tangian and the CEO of the Norwegian Wealth Fund.

0:06.4

And today we have an incredible guest.

0:09.3

Robin Seng, the founder and CEO of CATL, the world largest battery producer.

0:26.3

Now, it's not only the world largest.

0:30.3

It's got a whopping 40% of this mega market.

0:31.3

Wow.

0:34.5

Robin, how did this come about?

0:36.9

No, no, not yet 40%. Okay, to be correct,

0:37.9

it's 37.5% something less than 40.

0:42.1

But I think the most important is right products.

0:46.5

Definitely the market need a lot of the right products to do the immobility.

0:53.7

So right product, you need a right technology.

0:57.0

So in our world, it's more like a right chemical, right material,

1:02.0

which really have good products.

1:04.0

So this good product is a fitness to the purpose of the consumer.

1:08.0

That's why consumers really love it.

1:10.0

That's why the customers,

1:11.8

OEMs, would like to make these products and put this product into their car. That's why we can

1:18.2

power the millions of cars. So despite your incredible market position, there may be some listeners

1:24.7

who don't know what your products are. So just very briefly,

1:28.6

what type of products do you have? We have two major products. One is the battery. We call a battery

...

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