CATL explores new EV battery services
2020-05-28 11:10:50 [Print]
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 revealed.
CATL 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.
The firm, which has signed supply deals with Tesla Inc and Volkswagen AG, expects to increase battery manufacturing capacity in the next two years, Zeng said. It may target further overseas expansion based on customer demand, he added. The firm is currently building a plant in Germany.
CATL 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.
The firm, which has signed supply deals with Tesla Inc and Volkswagen AG, expects to increase battery manufacturing capacity in the next two years, Zeng said. It may target further overseas expansion based on customer demand, he added. The firm is currently building a plant in Germany.
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