CATL Considers More Factories Outside China

The world’s largest electric-vehicle battery maker, Contemporary Amperex Technology Limited (CATL), has announced that it is considering building more factories overseas, including in the US, to localise supplies of its products, Caixin reported.

The news came as CATL, based in eastern China’s Fujian province, has been trying to ease investor concerns about the recent sell-off of its stock, which as of Friday was down about 29% from a December peak.

Read the full report: Caixin

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George Russell

George Russell is a freelance writer and editor based in Hong Kong who has lived in Asia since 1996. His work has been published in the Financial Times, The Wall Street Journal, Bloomberg, New York Post, Variety, Forbes and the South China Morning Post.