Part 7/11:
Drawing from her personal experience working in China, she painted a stark contrast between Australia and other nations leading in R&D. For example, she visited Contemporary Amperex Technology Co. Limited (CATL), the world’s largest lithium-ion battery manufacturer, which employs 21,000 engineers and 2,500 PhDs, investing $2.5 billion annually in R&D. This relentless focus on innovation has led to breakthroughs like batteries capable of traveling 1,100 km on a single charge and charging from 0 to 520 km in just five minutes.