Caixin
Feb 16, 2022 08:08 PM
BUSINESS

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

The CATL booth at an electrical equipment exhibition in Shanghai in June 2021. Photo: VCG
The CATL booth at an electrical equipment exhibition in Shanghai in June 2021. Photo: VCG

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.

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