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Li-ion battery maker CATL opens its first North American sales and service facility

Green Car Congress

Ltd ( CATL ), a leading global supplier and manufacturer of lithium-ion battery products for electric vehicles (EVs) and energy storage facilities, is renewing its commitment to the US market by opening its first North American sales and service facility. In the US, this represented a rise in fully electric car sales of 47%.

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BCG Report Expects Battery Costs Will Constrain Widespread Market Adoption of Fully Electric Vehicles, Absent a Technology Breakthrough; Forecasts 26% of Major Market New Cars in 2020 To be Hybrid or Electric

Green Car Congress

As an example of cost direction, BCG forecasts that NCA cell and pack costs will decline 60-65% by 2020. Despite this cost challenge, however, the report projects steady growth for hybrid and electric cars—including mild- and full-hybrids; plug-in hybrids; extended range electric vehicles; and fully electric vehicles.