CATL Plant

CATL launched the Shenxing Battery in China on August 16, saying it can get 400 kilometers of range on a 10-minute charge.

Thailand is talking to many companies, not just CATL, but many in the battery industry, an official in the Southeast Asian country said.

Construction of the Yibin-based project begins in October 2020 with a planned annual capacity of 15 GWh.

With the rapid development of the global new energy industry, power and energy storage battery shipments will enter the "TWh" era in the coming years, CATL said.

CATL is evaluating the expansion of its EVOGO battery swap product into Europe and considering building a third factory there, latest reports say.

The project, with an investment of 7.34 billion euros and a planned capacity of 100 GWh, will start construction of its first building within the year.

Power crunches are occurring in parts of China amid persistent hot weather, rekindling memories of a similar situation last September.

Nio's battery swap station plant in Hungary will be operational in September, about two hours from CATL's planned battery production base in the country.

CATL will work with Shandong to promote the development of the local new energy battery and materials, battery swap and energy storage industries, as well as the electrification of ships.

The two sites CATL is considering are both near the Texas border, and the company is considering investing as much as $5 billion in the project, according to Bloomberg.