CATL To Build Battery Factory In Europe Like LG Chem & Samsung SDI

MAR 24 2018 BY MARK KANE 15

Chinese lithium-ion battery manufacturer Contemporary Amperex Technology Ltd. intends to build a factory in Europe.

Bloomberg reports that CATL is considering three countries – Germany, Poland, Hungary, which strongly support battery investments and are close to EV assembly facilities.

Poland was already chosen by LG Chem, while Hungary got the nod from Samsung SDI.

For CATL, it would be its first factory outside of China, but that’s the way to go as the European market is expanding. Among customers, BMW was mentioned.

There are no numbers, but Bloomberg suggests that CATL’s capacity in Europe will be bigger than Tesla’s Gigafactory.

“Contemporary Amperex Technology Ltd. is close to picking one of three sites in the European Union for its first overseas plant, Chairman Zeng Yuqun said in an interview. The company is exploring Germany, Hungary and Poland for the plant, according to a person familiar with the plan who asked not to be identified as the information isn’t public.

“We see a big opportunity in Europe,” Zeng said on the sidelines of the National Committee of the Chinese People’s Political Consultative Conference in Beijing. “Korean companies, using a low-price strategy to compete with us, haven’t made much technological progress in the past two years, while we have managed to grow fast and surpass them.”

The European factory wouldn’t be CATL’s only addition though. A new factory in Ningde, Fujian is planned to “quintuple its production capability and make it the world’s largest EV battery cell maker”.

Read Also – CATL Announces $2 Billion IPO To Fund New Battery Manufacturing Plants

CATL Global Deployment

source: Bloomberg

Categories: Battery Tech

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15 Comments on "CATL To Build Battery Factory In Europe Like LG Chem & Samsung SDI"

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They have signed a massive deal with the VW group, together with LG and Samsung.

I hope the EU government will demand a certified clean-up of the cobalt supply chain – from CATL and from anyone else setting up factories in Europe. It’s a chance to do right by the people of the Democratic Republic of the Congo.

So what work do you suggest should the people in Congo do after you close the mines? Let them starve?
Solution is to buy cobalt from there, and to spend more while demanding a better work environment from the owner or to offer more well paid jobs in manufacturing etc.

I don’t think Assaf is saying to not buy Cobalt at all from DRC, but to improve the working environment for the people there.

It is not either/or, make working conditions and wages better for people in the Congo.

The people of the (not so much) Democratic Republic of the Congo are responsible for the working conditions and wages in the Democratic Republic of the Congo no me you or anyone else…

If you want to be responsible then move there and become a citizen…

That is a cop out, real Wrong Wing avoidance.

No it is not…

I dont mind helping out foreign countries by teaching them but that is it…
They are responsible for themselves and they have to stand up and be a MAN and make their own life and country a better place…

heisenberghtfromouterspace

Yeah!

Let’s hope you don’t “teach” them the complex geopolitical stuff…

Keep beeing a “MAN” that’s what you can 😉

How will the other manufacturers get their batteries without their own gigafactory??? For all the vaporware EVs?????

I know Its crazy…

Apparently all you have to do is sign a 20 billion plus contract and battery manufactures start building factories all over the world for vaporware EVs that will never be built… ever… never… vaporware forever!!!

Another Euro point of view

…and don’t forget the vaporware super charger networks that will charge all those vaporware EVs using those vaporware battery cells.

Hungary already has 3 major battery plants in construction or ramping up:

– Samsung SDI
– SK Innovation
– GS Yuasa

Probably because Hungary has significant car manufacturing capacity built-out (Opel, Audi, Mercedes and Suzuki have operations here) and those will soon need as much battery capacity as they can get.

And competetive (low) wages.

Bingo!