CATL accelerates overseas expansion as it outgrows China’s booming EV market
Baua Electric
MAY 22, 2024
After installing nearly 300 GWh of batteries in 2023, up 41% year-over-year, CATL was the top power battery maker. Last year, the world’s largest EV battery maker, CATL, had a 36.8% It’s also considering a fully owned battery cathode materials facility in Morocco, which would supply its European battery plants.
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