CATL to invest $1.86 billion for battery production in China

February 11, 2021
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The battery producer will build out three new facilities in Guangdong, China. The first phase will build a plant with an annual capacity of 25 GWh for an investment of $1.86 billion. By the end of 2030, CATL plans to install a capacity of up to 150 GWh. This is in addition to the announced 80 GWh of capacity by 2023. As large battery manufacturers continue to announce gargantuan investments in production facilities, clients should take note that it's just as important for these companies to secure a materials supply chain in the face of potential supply gaps.

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