CATL develops pick-up truck batteries for US despite trade barriers
Source: FT Economics ↗
Comments from Chinese company come ahead of President Xi Jinping’s visit to Washington Save now on essential digital access to trusted FT journalism on any device. Savings based on annualised monthly price. Then €69 per month. Complete digital access with exclusive insights and industry deep dives on any device.
Cancel anytime during your trial. Complete digital access with exclusive insights and industry deep dives on any device. Save now on our curated print edition delivered Monday - Saturday* plus our digitised print replica. Savings based on annual price.
Check whether you already have free access via your university or organisation. *Hand delivery availability confirmed when you enter your address. Digital access for organisations. Includes exclusive features and content.
⚡ Effects Interpreter
🌍World Economylow impact
What this means for you
- ▶Forecasters typically revise their outlook when data like this lands.
- ▶Economists will chew this over, and growth forecasts might be nudged.
🏙️Local Economylow impact
What this means for you
- ▶Prices at the pump and the supermarket typically trail moves like this.
- ▶Your take-home pay may feel an indirect pull from shifts like this.
🏦Rates & Bankslow impact
What this means for you
- ▶Borrowing plans are usually safe from sudden shocks over something like this.
- ▶Savings accounts may see their rates nudged only after a broader trend emerges.
❤️Healthmedium impact
What this means for you
- ▶A story like this can linger in the back of people's minds for a while.
- ▶Looking after mental health is worth it when headlines feel heavy.
💷Wealthmedium impact
What this means for you
- ▶Savings and portfolios can see short-lived ups and downs after this kind of news.
- ▶Diversified savings usually cushion the blow from stories like this.
🏠Housingmedium impact
What this means for you
- ▶The property market tends to move slowly, so expect any change to take time.
- ▶A slow-moving market like housing rarely reacts overnight.
🌍 Effects for your country
The U.S.'s central bank rate currently stands at 3.75%, so a global rates move like this could feed through to local borrowing costs. The U.S.'s economy is growing at 2.3% with inflation at 3.2%, the backdrop this story's effects play out against locally. Housing-market effects like this are usually felt most where mortgage rates track the U.S.'s own central bank rate closely. With the U.S.'s unemployment at 4.4%, personal-finance effects like this land on a labour market that is currently fairly stable. Health-system effects are harder to localise from economic indicators alone — the real impact in the U.S. depends more on local healthcare capacity than the figures above.
The UK's central bank rate currently stands at 3.75%, so a global rates move like this could feed through to local borrowing costs. The UK's economy is growing at 0.8% with inflation at 3.2%, the backdrop this story's effects play out against locally. Housing-market effects like this are usually felt most where mortgage rates track the UK's own central bank rate closely. With the UK's unemployment at 5.6%, personal-finance effects like this land on a labour market that is currently fairly stable. Health-system effects are harder to localise from economic indicators alone — the real impact in the UK depends more on local healthcare capacity than the figures above.
France's central bank rate currently stands at 2%, so a global rates move like this could feed through to local borrowing costs. France's economy is growing at 0.9% with inflation at 1.8%, the backdrop this story's effects play out against locally. Housing-market effects like this are usually felt most where mortgage rates track France's own central bank rate closely. With France's unemployment at 7.9%, personal-finance effects like this land on a labour market that is already under strain. Health-system effects are harder to localise from economic indicators alone — the real impact in France depends more on local healthcare capacity than the figures above.
Romania's central bank rate currently stands at 6.5%, so a global rates move like this could feed through to local borrowing costs. Romania's economy is growing at 0.7% with inflation at 7.8%, the backdrop this story's effects play out against locally. Housing-market effects like this are usually felt most where mortgage rates track Romania's own central bank rate closely. With Romania's unemployment at 6%, personal-finance effects like this land on a labour market that is currently fairly stable. Health-system effects are harder to localise from economic indicators alone — the real impact in Romania depends more on local healthcare capacity than the figures above.
The UAE's central bank rate currently stands at 3.65%, so a global rates move like this could feed through to local borrowing costs. The UAE's economy is growing at 3.1% with inflation at 2.5%, the backdrop this story's effects play out against locally. Housing-market effects like this are usually felt most where mortgage rates track the UAE's own central bank rate closely. Health-system effects are harder to localise from economic indicators alone — the real impact in the UAE depends more on local healthcare capacity than the figures above.