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CATL announces plans to invest $5 billion to boost lithium-ion battery production

Mon, 01/04/2021 - 11:26 -- Paul Crompton

Chinese lithium-ion battery producer Contemporary Amparex Technology (CATL) is set to invest 39billion yuan ($5.4 billion) to raise its overall capacity to a reported 70GWh. 

The firm will spend the money on making a new plant in China and expanding capacity at two existing facilities in the country.

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