CATL to Invest $4.9B in New Battery Upstream Material Project
On October 12, Chinese battery firm Contemporary Amperex Technology Co., Limited (CATL) announced that its subsidiary company plans to invest in the construction of an integrated battery material industrial park project in Yichang, Hubei Province, with a maximum price tag of 32 billion yuan ($4.96 billion) and a building period of six years.
This project…