CATL to Invest 13.5 Billion Yuan in Building a Lithium-Ion Battery Plant in Yichun, China
On Monday, leading Chinese battery firm Contemporary Amperex Technology Co., Limited (CATL) announced plans to invest a maximum of 13.5 billion ($2.09 billion) in building a new lithium-ion battery plant in the city of Yichun. It is expected to take less than 30 months to complete the construction. The planned area is about 214 acres.
CATL says the inves…
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