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CATL plans cash boost for German EV gigafactory project

Thu, 06/27/2019 - 13:16 -- John Shepherd
CATL plans cash boost for German EV gigafactory project

Chinese lithium giant Contemporary Amperex Technology (CATL) has revealed it is set to pour a total of up to €1.8 billion (US$2.1bn) of cash into its planned electric vehicle (EV) battery plant in Germany.

CATL said the proposed investment included €240 million already pledged for the project at Erfurt, in the east-central state of Thüringen.

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