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CATL accelerates overseas expansion as it outgrows China’s booming EV market

Baua Electric

The two new factories will be in addition to CATL’s plans for six overseas factories already announced: Germany, Thailand, Hungary, Indonesia, and two in the US (with Ford and Tesla). It’s also considering a fully owned battery cathode materials facility in Morocco, which would supply its European battery plants.

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Ford sources battery capacity and raw materials for 600K EV annual run rate by late 2023, 2M by end of 2026; adding LFP

Green Car Congress

As Ford creates a new EV supply chain that upholds its commitments to sustainability and human rights, the company continues to plan for more than half its global production to be EVs by 2030 and achieving carbon neutrality globally no later than 2050. BHP: For nickel supply from BHP’s Nickel West operations in Australia.

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Ford will use module-less LFP batteries from CATL

Push EVs

July 21, 2022 – Building on strong demand for its new EVs, Ford today announced a series of initiatives for sourcing battery capacity and raw materials that light a clear path to reach its targeted annual run rate of 600,000 electric vehicles by late 2023 and more than 2 million by the end of 2026. DEARBORN, Mich.,

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China’s battery supply chain tops BNEF ranking for third consecutive time; Canada close 2nd, US drops to 3rd

Green Car Congress

China continues to dominate BloombergNEF’s (BNEF) global lithium-ion battery supply chain ranking, for the third time in a row, for both 2022 and its projection for 2027, due to continued support for the electric vehicle demand and raw materials investments. —Allan Ray Restauro, metals and mining analyst at BNEF and lead author.

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