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Germany coughs up cash to host CATL gigafactory

Mon, 07/16/2018 - 12:39 -- Xuan Zhong
Germany coughs up cash to host CATL gigafactory

Germany is dipping into an economic aid fund to support the construction of a battery cells factory in the country by Chinese lithium giant Contemporary Amperex Technology (CATL), BEST Battery Briefing can reveal.

CATL confirmed last week it would invest €240 million (US$280m) to build the electric vehicle (EV) battery plant at Erfurt, in the east-central state of Thüringen.

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