CleanTechnica•about 2 months ago
CATL Launches Factory Construction In Spain
- •CATL, the world's largest EV battery producer, is establishing a new factory in Spain to localize production within Europe.
- •This strategic move is a direct response to recent EU tariffs imposed on Chinese-manufactured EVs, signaling a shift in global supply chain dynamics.
- •The new European battery manufacturing capacity is expected to increase the availability and potentially stabilize pricing for EV batteries and broader energy storage solutions in the EU market.
oempolicystorage