Focus topics


CATL moves closer to Tesla in Shanghai

CATL is planning a new e-car battery factory in Shanghai, Reuters reported, citing two sources. The Shanghai site would put the world’s largest battery maker closer in location to Tesla’s Gigafactory 3. CATL has been supplying batteries to the US company since last year. CATL is aiming to become the California-based automaker’s largest battery supplier in the near future, the report added. The Chinese manufacturer is aiming to supply half of the battery cells Tesla needs worldwide in electric vehicles and rooftop storage, it added. According to the report, the factory will be able to produce battery cells with a capacity of 80 gigawatt hours per year, which is enough for around 800,000 electric cars. A precise timetable is not yet available. nib

Continue reading now

Get 30 days of free access to the Decision Brief to read these and more quality news every day.

Are you already a guest at the China.Table? Log in now

Related

    Xi arrives in Hong Kong
    International reputation suffers
    VW CEO: partners inform us about human rights
    Ifo: Reduce raw material dependence on China