CATL Considers Building More Factories Outside China, Including U.S.

The world’s largest electric-vehicle battery maker Contemporary Amperex Technology Co. Ltd. (CATL) has announced that it’s considering building more factories overseas, including in the U.S., to localize supplies of its products.

The news came as CATL (300750.SZ), based in East China’s Fujian province, has been trying to ease investor concerns about the recent sell-off of its stock, which as of Friday was down about 29% from a December peak.