New $5bn battery production facility for CATL

China Economic Review | Dec 7, 2021 at 10:54 AM
  • Electric vehicle (EV) battery maker Contemporary Amperex Technology (CATL) has initiated construction on a RMB 32 billion ($5 billion) manufacturing facility in China’s central Hubei Province, reports Caixin.
  • The production base, built by CATL’s subsidiary Guangdong Brunp Recycling Technology, will measure around 3.7 million square meters and have an annual output of 360,000 tons of iron phosphate and 220,000 tons of lithium iron phosphate, among other components of lithium-ion batteries.
  • For the first 10 months of 2021, China’s EV battery output increased by 250% from a year earlier to 159.8 gigawatt-hours (GWh).