CATL and Stellantis will build a $4.26 billion battery plant in Spain with a designed annual capacity of 50 GWh.
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Category: CATL Global
The offshore fund will help CATL finance the corporate ecosystem needed to expand production in Europe and other foreign markets, according to the Financial Times.
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CATL's efforts to expand overseas markets are now being personally led by its chairman, and the company will add two additional overseas plants to the six it has previously disclosed, according to local media.
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CATL is in talks with General Motors on a License Royalty Service model partnership, with plans to jointly build an LFP battery plant in North America, according to a local media report.
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CATL launched the Shenxing Battery in China on August 16, saying it can get 400 kilometers of range on a 10-minute charge.
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