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CATL to Supercharge Investment in German R&D Center

2019年06月26日 20:00 来源于 财新网
Chinese electric vehicle battery giant will increase earmarked investment in planned Erfurt facility more than seven-fold to over $2 billion
Electric vehicle battery giant CATL originally planned to invest 240 million euros in the facility in Germany, which would have a total capacity of 14 GWh per year. Photo: VCG

Chinese electric vehicle (EV) battery giant Contemporary Amperex Technology Co. Ltd. (CATL) is boosting the juice for its production and research and development (R&D) center in Germany as demand swells in Europe and competition heats up at home.

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