Tag: CATL

BERLIN (Reuters) – German carmaker BMW (BMWG.DE) on Thursday said it had ordered more than 10 billion euros’ ($11.07 billion) worth of battery cells from Chinese battery cell maker Contemporary Amperex Technology Co (CATL) (300750.SZ) and Samsung SDI (006400.KS). BMW said it had boosted its order with CATL to 7.3 billion euros from an original booking announced in mid-2018 that

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CATL factory could be at least as big as Tesla’s Gigafactory The Chinese battery cell manufacturer CATL has updated the plans for its German battery factory in Erfurt, giving it a boost. The reason for this is the coming of stricter CO2 requirements in Europe. CATL considers a capacity of up to 100 GWh in Thuringia to be realistic. Our

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By Zheng Lichun and David Kirton Electric vehicle battery giant CATL originally planned to invest 240 million euros in the facility in Germany, which would have a total capacity of 14 GWh per year. Photo: VCG Chinese electric vehicle (EV) battery giant Contemporary Amperex Technology Co. Ltd. (CATL) is boosting the juice for its production and research and development (R&D) center in Germany as demand

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SEOUL/BEIJING, Dec 20 (Reuters) – For automotive battery makers LG Chem Ltd and Samsung SDI Co Ltd , the Chinese market has begun to offer promise after painful loss-making investments. The reason for their hardship: a government list of recommended battery suppliers published three years ago that became linked to generous car subsidies and did not include foreign firms. Since

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MUNICH/BERLIN (Reuters) – Chinese battery maker Contemporary Amperex Technology Ltd (300750.SZ) (CATL) will build its first production site in Europe in Germany, agreeing a major contract with BMW (BMWG.DE) to supply lithium-ion batteries. Europe’s lack of its own production capabilities for the cells that power electric cars has prompted warnings that it could leave its car industry exposed and too

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