CATL plans additional expansion overseas

Chinese EV battery manufacturer CATL is looking to expand facilities outside China. „The company plans to expand overseas production facilities and improve training for foreign employees in the future,“ CATL said in a statement released after an investor meeting on Monday. According to the business magazine Caixin, CATL has been in talks with clients in the US about developing production plants. Against the backdrop of supply chain problems caused by the aftermath of the global Covid pandemic, CATL wants to produce „closer“ to its key markets, according to the statement.