Chinese battery company takes 22% stake in Valmet Automotive; strategic partnership for EVs
Green Car Congress
JANUARY 31, 2017
China-based Contemporary Amperex Technology Limited (CATL), a leading global provider of battery and energy storage solutions, has taken a 22% stake in Finland-based Valmet Automotive as part of a new strategic partnership in electric automotive solutions. Simultaneously CATL has subscribed to new shares issued by Valmet Automotive for a 22 % ownership in the company.
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