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. 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). share of the market.
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