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.
Sign-up to our FREE weekly industry newsletter, to get the weeks news delivered to your inbox every Monday.
