China’s leading battery manufacturer, Contemporary Amperex Technology (CATL), has commenced operations at the first phase of its new production facility in Luoyang, Henan province. The facility, boasting a production capacity of 30GWh per year, will manufacture CATL’s advanced 255 Wh/kg Qilin battery, which enables electric vehicles to travel over 1,000km on a single charge. This factory marks CATL's 13th in China.
The project’s total investment is projected to be up to 14 billion yuan ($1.93 billion). While specific details regarding the second phase remain undisclosed, the initial phase’s launch underscores CATL's significant growth. The company installed 93.3GWh of batteries in the first half of this year, making up 46% of China's total battery output. Additionally, CATL’s international battery installations increased by 16% year-on-year to 27.7GWh from January to April. By the end of the decade, CATL aims to establish two of Europe’s largest gigafactories in Hungary and Germany.
We publish to analyze metals and the economy to ensure our progress and success in fierce competition.
No comments
Post a Comment