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
-
Robotic Exoskeleton Amplifies Human Strength
The Sarcos Guardian XO Max full-body, all-electric exoskeleton features strength amplification of up to 20 to 1, making 200 pounds—the suit’s upper limit—feel like 10 pounds for the user.
-
Jeeps Modified for Moab
On Easter morning in Moab, Utah, when the population of that exceedingly-hard-to-get-to town in one of the most beautiful settings on Earth has more than doubled, some people won’t be hunting for Easter eggs, but will be trying to get a good look at one of the vehicles six that Jeep has prepared for real-life, fast-feedback from the assembled at the annual Easter Jeep Safari.
-
Cobots: 14 Things You Need to Know
What jobs do cobots do well? How is a cobot programmed? What’s the ROI? We asked these questions and more to four of the leading suppliers of cobots.
