Published: June 4th, 2021,
Last updated: January 2nd, 2023
CATL is planning a new EV battery factory in Shanghai, Reuters reported, citing two sources. The Shanghai site would put the world’s largest battery maker closer in location to Tesla’s Gigafactory 3. CATL has been supplying batteries to the US company since last year. CATL aims to become the California-based automaker’s largest battery supplier in the near future, the report added. The Chinese manufacturer plans to supply half of the battery cells Tesla needs worldwide in EVs and rooftop storage. According to the report, the factory will be able to produce battery cells with a capacity of 80 gigawatt-hours per year, which is enough for around 800,000 EVs. A precise timetable is not yet available. nib