SHANGHAI -- Investor excitement about China's rapidly growing electric vehicle market helped make Tesla a $1 trillion stock as well as turn its battery supplier Contemporary Amperex Technology Ltd. into a 1 trillion yuan ($148.1 billion) company.
CALB, a smaller rival of CATL, aims to rack up big numbers too. Liu Jingyu, the group's chairwoman and chief executive who is among the highest-profile female executives in China's male-dominated automotive industry, wants to raise CALB's annual production capacity to 1 terawatt-hours worth of batteries by 2030 from 11.9 gigawatt-hours.
