Thuringia was able to attract a showcase economic project to the region in the form of the Contemporary Amperex Technology Co., Limited (CATL) battery plant. The group is investing €1.8 billion, receiving just €7.5 million in subsidies and will employ around 2,000 people by the end of 2023. Production started at the beginning of February. All this will take place under the umbrella of Contemporary Amperex Technology Thuringia GmbH (CATT). Initial expansion plans are also already in place; demand for battery cells is high. Germany’s industry urgently needs batteries. CATL technology is world-class.
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