CATL accelerates overseas expansion as it outgrows China’s booming EV market
Baua Electric
MAY 22, 2024
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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