Oct 25, 2022 08:48 PM

In Depth: The World’s No. 1 EV-Battery Maker Juices Up Global Expansion

CATL’s office in Germany. Photo: Courtesy of CATL
CATL’s office in Germany. Photo: Courtesy of CATL

The world’s largest producer of batteries for electric vehicles (EVs) has long pursued a global expansion. Back in 2018 it announced a $233 million factory in Germany.

But China’s Contemporary Amperex Technology Co. Ltd. (CATL) has pushed that into overdrive this year, with a flurry of moves to expand its production across three continents.

In August, the company announced a 7.3 billion euros ($7.2 billion) factory in Hungary. Caixin has learned that plans for a production facility in Mexico have been finalized. There are also reports that CATL is considering plants in the U.S. and Indonesia.

You've accessed an article available only to subscribers
Share this article
Open WeChat and scan the QR code
Get our CX Daily, weekly Must-Read and China Green Bulletin newsletters delivered free to your inbox, bringing you China's top headlines.

We ‘ve added you to our subscriber list.

Manage subscription
Caixin Biz Roundup: China’s Door Will Only Open Wider, Liu He Tells Davos