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.
Chinese lithium battery giant Contemporary Amperex Technology (CATL) is to supply batteries for Renault’s Kangoo ZE electric vehicle range, BBB has confirmed.
And Renault’s EV “alliance” partner, Nissan, has told BBB it will also use Chinese-made batteries for its first mass-produced Sylphy Zero Emission EVfor China— although it declined to name the supplier.
Chinese battery recycler GEM has signed a three-year colbalt materials supply deal with Swiss mining company Glencore.
GEM said the move would secure materials needed to supply batteries to China’s growing electric vehicle market.
China’s CATL has reportedly bought a 90% controlling stake in a Canadian lithium firm— to shore up supplies of the key raw material for its expanding global battery business.
Contemporary Amperex Technology (CATL) acquired 36.6 million shares of North American Lithium from Jilin Jien Nickel Industry, according to the China Daily.
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.