Tech Insider: CATL’s Beijing Battery Plant, BYD Pulls Further Ahead

Welcome to Caixin’s Tech Insider, your twice-weekly wrap on the movers, shakers and deal-makers in China’s tech scene.

CATL battery plant bolsters Beijing’s EV ambitions

Contemporary Amperex Technology Co. Ltd. (CATL) (300750.SZ) plans to build a plant in Beijing this year, according to the city’s economic planner, a move that comes as the battery giant aims to bolster its manufacturing capabilities to meet the growing demand for new-energy vehicles (NEVs).