CATL, Chinese battery giant, installs a plant in Germany | Economy | companies



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The Chinese battery giant, CATL, is implanted in the heart of Germany with an official factory project on Monday and applauded by German automakers who are redoubling efforts to bridge their backlog in electric cars. Amperex Technology one of the world's leading producers of electric batteries, will provide manufacturers with this key element of its gigantic factory in Erfurt (East), after months of negotiations.

was formalized today in Berlin during a meeting between Chinese Premier Li Keqiang and German Chancellor Angela Merkel.

BMW builder was ahead of the announcement and in a statement hailed "CATL's decision to open a production plant." The group had already contracted with the Chinese juggernaut, worth a total of 4,000 million euros, to buy batteries to power its future fleet of electric models.

"CATL has the knowledge to produce mass, and this knowledge does not yet exist in Europe," acknowledged BMW purchasing director Markus Duesmann at a press conference.
CATL, headquartered in Ningde, China, and listed since June in Shenzhen, already supplies Chinese automakers such as Saic Motor or Geely.

This Sino-German project is announced when the European Union (EU) fails to equip itself with a pan-European battery group to reduce its energy dependence on energy consumption. Asia.

German builders refused to invest directly in the very expensive production of electric batteries.

European manufacturers are developing electric motors and electronic components to increase power, but they are not interested in the cells needed for batteries.

The German Bosch group withdrew this year to produce these cells, calculating that it would take 20 billion euros to become a leading player in the next decade.

The Chinese CATL is the world's first lithium-ion battery for electric cars in the Japanese Panasonic, allied with the American Tesla, in a market dominated by Asian firms.

The future plant could create up to 1,000 jobs and would be in Thuringia, a region of the former East Germany.

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