FILE PHOTO: A sign of Chinese battery maker Contemporary Amperex Technology Ltd (CATL) is seen on its building in Ningde, Fujian province, China August 8, 2018. REUTERS/Stringer
BEIJING (Reuters) – China’s top electric vehicle (EV) battery maker Contemporary Amperex Technology Ltd (CATL) is exploring new battery-related services and will expand manufacturing capacity in the next two years, its chairman told Reuters.
Ningde-based CATL, which alongside LG Chem and Panasonic is one of the biggest EV battery makers globally, is developing battery-swapping and battery maintenance services, its chairman Zeng Yuqun said on Wednesday.
It will also expand recycling capabilities in China and invest in similar businesses overseas, Zeng added in a written response to Reuters questions.
The firm, which has signed supply deals with Tesla Inc and Volkswagen AG (VOWG_p.DE), expects to increase battery manufacturing capacity in the next two years, Zeng said.
It may target further overseas…
Source Reuters Tech News
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