CATL will bring 2,000 workers to build and set up a plant in Spain.
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Category: Battery
CATL's Jianxiawo mine has received reserve approval, bringing it one step closer to restarting production, Bloomberg reported.
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CATL is set to launch its new 8-series high-nickel batteries next year, which will be used in EREV models from leading EV startups.
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Its blade batteries deliver a maximum capacity of 2,710 Ah, more than 300 percent higher than conventional energy storage batteries.
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Li Auto and CATL will also collaborate to expand domestic and international operations, jointly advancing battery technology innovation and global deployment.
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China aims to install over 180 million kW of new energy storage capacity by 2027, driving about RMB 250 billion ($35 billion) in direct project investment.
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CATL's August share increased by 0.95 percentage points compared to July, while BYD's share decreased by 0.34 percentage points.
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Following the production halt at the CATL lithium mine on August 10, China's lithium carbonate prices surged by 24 percent at one point.
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The facility is CATL's second European plant besides its German operation, with an annual capacity target of 100 GWh.
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The Shenxing Pro is the first product featuring CATL's latest NP 3.0 technology, targeting Europe's EV market with high safety, ultra-fast charging, and long range.
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