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Contemporary Amperex Technology Limited

Chinese battery maker muscles into European EV market

Wed, 02/15/2017 - 13:29 -- Xuan Zhong
Chinese battery maker muscles into European EV market

Lithium battery maker Contemporary Amperex Technology Limited (CATL) has bought a large stake in a Finnish firm as it looks to move into the European electric vehicle market.

The Ningde, China-based battery maker bought a 22% stake in the auto supplier for an undisclosed fee, reported newswire Reuters.

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