CATL's Global EV Expansion

This is a China news story, published by CNBC, that relates primarily to Transport & Environment news.

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Chinese EV maker

CNBC

•

Technology

Chinese battery giant and Tesla supplier CATL is expanding globally: Here’s why it matters

Summary

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China 's CATL is a key player in the global transition to more sustainable transport.

The battery maker is intensifying its global expansion efforts on the back of a blockbuster public offering.

CATL also plans to roll out its battery-swapping and recycling technology to Europe , a move that could shake-up the regional market.

"Of companies that could succeed in developing the European battery swapping industry, none are better placed than CATL considering its market position," says Watts .

Campaign group Transport & Environment says major carmakers would have to agree to a standardized cell design for battery-swapping technology to work at scale in Europe .

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formal

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English

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not hateful