Tag: EV battery

21
Dec

China’s CATL to build its first European EV battery factory in Germany

MUNICH/BERLIN (Reuters) – Chinese battery maker Contemporary Amperex Technology Ltd (300750.SZ) (CATL) will build its first production site in Europe in Germany, agreeing a major contract with BMW (BMWG.DE) to supply lithium-ion batteries. Europe’s lack of its own production capabilities for the cells that power electric cars has prompted warnings that it could leave its car industry exposed and too

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