CX Daily: CATL’s Bet on Europe Shows Challenges of Recreating Supply Chains Abroad

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In Depth: CATL’s bet on Europe shows challenges of recreating supply chains abroad

When Chinese battery giant Contemporary Amperex Technology Co. Ltd. (CATL) debuted on Hong Kong’s stock exchange last month, the message to global markets was clear: its future lies in Europe.

The company raised HK$35.7 billion ($4.56 billion) in its secondary listing, and earmarked 90% of that capital for building up its battery plant in Hungary. Once completed, the Debrecen plant’s total capacity is expected to hit 100 gigawatt-hours (GWh), making it one of the largest battery manufacturing facilities in Europe.