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Now China’s CATL ‘makes play for EU expansion’

Mon, 03/12/2018 - 12:13 -- Xuan Zhong
Now China’s CATL ‘makes play for EU expansion’

Chinese battery giant CATL is reportedly on the lookout for a site in Europe to manufacture lithium-ion batteries for the electric vehicle market, after becoming a supplier for Volkswagen cars built in China.

According to Bloomberg, CATL (Contemporary Amperex Technology Co) “is close to” deciding on a site in either Germany, Hungary or Poland to build what would be its first overseas automotive battery manufacturing plant.

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