CATL drives China EV battery network expansion with 1,000 units
Vehicles from AIWAYS, SAIC-GM-Wuling and other brands will support CATL’s battery swap technology go through Brad Anderson December 19, 2024 06:50 The Chinese battery maker plans to build more than 1,000 battery swap stations by 2025. CATL has co-developed 10 electric vehicles that will be powered by its network. NIO is a leader in electric vehicle battery replacement and has operated more than 2,600 charging stations in China. More than a decade ago, Elon Musk previewed innovative battery-swapping technology for electric vehicles that could serve as a compelling alternative to charging. While Tesla later abandoned plans to introduce battery swapping, Chinese companies have taken the idea and put it into practice, establishing thousands of swapping stations across the country. The industry is now set to grow further thanks to leading battery manufacturer CATL. Electric vehicle startup Nio has built the largest battery-swapping network among automakers and currently operates more than 2,600 charging stations in China alone. Geely also has hundreds…
Stellantis spends $4.3 billion to build battery factory in partnership with CATL
Stellantis and CATL's new factory will help the automaker become a carbon grid company by 2038 go through Brad Anderson December 16, 2024 16:42 The site is designed to be completely carbon neutral. Stellantis plans to become a net-zero carbon company by 2038. Stellantis has signed a joint venture agreement with Chinese battery giant CATL to build a lithium iron phosphate (LFP) battery factory in Zaragoza, Spain. The new factory will invest up to 4.1 billion euros (approximately US$4.31 billion) and is scheduled to start production at the end of 2026. When fully operational, the plant will have a production capacity of up to 50 GWh. The new plant will be located next to the existing Stellantis plant in Zaragoza. Batteries produced at the plant will be used in the group's B- and C-segment electric passenger cars, crossovers and SUVs. Stellantis has not confirmed which of its models will be the first to use these new locally made LFP batteries,…
China’s CATL may build battery factory in U.S. if Trump allows it
The battery giant's chairman says he is open to investing in U.S. factories, and Trump has previously said he would welcome Chinese-backed projects go through Chris Chilton 16 hours ago Chinese battery maker CATL said it would consider building a factory in the United States if Donald Trump clears the way. Chairman Robin Tseng said the U.S. government had previously blocked investment, but he was willing to restart the plan. President-elect Trump wants to block Chinese car imports but says he will allow those automakers to build vehicles in the United States. Electric vehicles equipped with batteries from China's Contemporary Amperex Technology Co., Ltd. are currently not eligible for tax credits due to restrictions under the Inflation Reduction Act, but that could change with help from Donald Trump. CATL said it would consider building a battery factory in the United States if Trump approves the project. CATL Chairman Robin Zeng said previous contacts with U.S. lawmakers had been rebuffed, but…
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