Mexican Media Brands
China’s CATL Plans Battery Plant in Germany
CATL—China’s Contemporary Amperex Technology Ltd.—expects to open a factory in Germany to supply BMW AG and other carmakers with cells for electric car batteries.
Share
CATL—China’s Contemporary Amperex Technology Ltd.—expects to open a factory in Germany to supply BMW AG and other carmakers with cells for electric car batteries, according to Reuters.
Sources tell the news service the deal will be finalized in Berlin on July 9. Details about the factory’s location and capacity aren’t yet known. BMW confirmed yesterday it has awarded a supply contract to CATL to buy €1 billion ($1.2 billion) worth of cells.
CATL is China’s largest maker of EV batteries. The carmaker also has signed deals with two South Korean battery providers, LG Chem and Samsung. Reuters says the three multi-year agreements are worth $25 billion in batteries.
RELATED CONTENT
-
Multiple Choices for Light, High-Performance Chassis
How carbon fiber is utilized is as different as the vehicles on which it is used. From full carbon tubs to partial panels to welded steel tube sandwich structures, the only limitation is imagination.
-
On Fuel Cells, Battery Enclosures, and Lucid Air
A skateboard for fuel cells, building a better battery enclosure, what ADAS does, a big engine for boats, the curious case of lean production, what drivers think, and why Lucid is remarkable
-
The Koenigsegg Jesko Has An Amazing Engine
It is hard to believe that this is a vehicle in “serial” production with such extraordinary powertrain performance
