The combined investment in the two battery plants is 2.514 billion euros ($2.6 billion), both with an annual capacity of 20 GWh.
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Category: Gotion High-Tech
China's EV battery installations were 67.2 GWh in November, up 49.7 percent year-on-year and up 13.5 percent from October.
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CATL and BYD continued to hold the top two positions as the world's largest battery makers in the January-October period, both increasing their share slightly from January-September.
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CATL contributed 35.2 percent of global EV battery shipments in the third quarter, while BYD FinDreams contributed 17.0 percent.
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In October, China's power battery installations amounted to 59.2 GWh, up 51 percent year-on-year and up 8.6 percent from September.
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CATL and BYD continued to hold the top two positions as the world's largest battery makers in the January-September period, with the former seeing a slight decrease in share and the latter remaining unchanged.
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CATL and BYD both saw their share of the Chinese EV battery market decrease slightly in September, as smaller players, including Gotion High-tech, gained share.
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CATL and BYD continued to hold the top two positions as the world's largest battery makers in the January-August period, with the former seeing a slight decrease in share and the latter an increase.
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CATL's share in August decreased by 2.84 percentage points from July, while BYD increased by 2.14 percentage points.
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CATL and BYD continue to hold the top two spots as the world's largest battery makers in January-July, with several other Chinese companies in the top 10.
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