CATL Plans $5 Billion Battery Recycling Factory
CATL intends to build a $5 billion battery recycling facility in China.
CATL intends to build a $5 billion battery recycling facility in China.
Originally posted on EVANNEX. by Charles Morris Chinese battery manufacturer Contemporary Amperex Technology (CATL) is having a very good year. The company’s share price has levitated by some 167% over the past 12 months. The soaring stock price has brought the company to a market value of over $200 billion, making it … [continued]
The new CATL sodium battery that has several advantages over traditional lithium batteries.
CATL + Tesla = big battery order through 2025.
Reuters says Apple is in talks with CATL and BYD about supplying batteries for its electric car — if there ever is one.
In its quest to be the largest battery manufacturer in the world, CATL will build an 80 GWh battery factory in Shanghai.
The two largest EV battery producers in the world, as I recently reported, are CATL and LG Energy Solution (formerly LG Chem). They intend to stay at the top. On the last day of 2020, CATL announced a 39 billion yuan ($5.9 billion) investment into three new battery factories in China. LG Energy Solution, meanwhile, plans to more than double its battery cell production in China.
Let’s take a quick look at the current world leaders in EV battery production.
CATL is said to be working on a battery with no nickel and no cobalt as a way to make batteries cheaper.
One of the largest EV battery producers on the planet, CATL, and a luxury automaker out of Germany you might have heard of, Mercedes-Benz, have teamed up to “lead in battery technology.”