Contemporary Amperex Technology Limited (CATL) is hardly a household name to US EV advocates, but that could change if the company’s plans come to fruition. CATL, which was profiled last week by Bloomberg, was founded in 2011 and now sells more cells to EV-makers in China than any other firm. CATL hopes to raise $2… Read more »
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NEVS secures battery supplier for a quarter million Chinese EVs
Swedish/Chinese EV-builder NEVS has signed an agreement with Contemporary Amperex Technology (CATL) to secure the battery supply for its new EV in the Chinese market. And what a market it is. NEVS has received from the Beijing auto leasing firm Panda New Energy for 250,000 EVs (for comparison, the total number of plug-in vehicles sold worldwide last… Read more »
Chinese battery-maker and Finnish manufacturer partner to supply battery packs to Europe
Chinese battery builder Contemporary Amperex Technology Limited (CATL) and Finnish contract manufacturer Valmet Automotive have formed a strategic partnership to develop electric automotive solutions. As part of the deal, CATL has taken a 22% ownership position in Valmet. CATL currently offers NCM and LFP Li-ion chemistries in cells, modules and packs. The companies’ strategy is… Read more »
Is China opening up its EV battery market to foreign suppliers?
China has eliminated its list of “recommended battery suppliers,” according to the industry ministry. Foreign battery-makers hope this will open up the country’s market for EV batteries. When the list was first published in 2015, it included only Chinese firms, a policy designed to aid China’s domestic battery sector. Foreign battery-builders complained that the list… Read more »