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CATL, the world's largest maker of electric vehicle batteries, is considering building a third factory
in Europe.
"We are considering this issue, but there is no clear decision or activity yet," Matthias Zentgraf, head of the European region, told Bloomberg in an interview that internal discussions were already underway
.
The Fujian Ningde-based company announced last month plans to invest 7.
3 billion euros in partnership with Mercedes-Benz to build a second European EV battery plant
in Hungary.
The facility, which has a planned capacity of 100 GWh, will also supply Volkswagen, BMW and Stellantis NV
.
"If there is no prospect for demand, we will not build a third plant," Zentgraf said
in a video call to the IAA conference in Hannover, Germany.
CATL has established several production bases in China and subsidiaries
in the United States, Japan and Europe.
It has invested 27 billion yuan
in two battery projects in Shandong and Fujian provinces.
Zentgraf declined to comment on whether CATL would supply batteries
for Tesla's new factory in Berlin.
The battery maker has also been looking for factories in Mexico and the United States to supply Tesla, Ford Motor and others, though the process has been delayed
, Bloomberg reported in August.
Zentgraf called on the EU to provide more flexible state aid to help localize and expand the EV battery supply chain, and to complement the multibillion-dollar investments made by battery manufacturers, "focusing subsidy funds on building the overall supply chain
of the battery business.
" ”
CATL, the world's largest maker of electric vehicle batteries, is considering building a third factory
in Europe.
"We are considering this issue, but there is no clear decision or activity yet," Matthias Zentgraf, head of the European region, told Bloomberg in an interview that internal discussions were already underway
.
The Fujian Ningde-based company announced last month plans to invest 7.
3 billion euros in partnership with Mercedes-Benz to build a second European EV battery plant
in Hungary.
The facility, which has a planned capacity of 100 GWh, will also supply Volkswagen, BMW and Stellantis NV
.
"If there is no prospect for demand, we will not build a third plant," Zentgraf said
in a video call to the IAA conference in Hannover, Germany.
CATL has established several production bases in China and subsidiaries
in the United States, Japan and Europe.
It has invested 27 billion yuan
in two battery projects in Shandong and Fujian provinces.
Zentgraf declined to comment on whether CATL would supply batteries
for Tesla's new factory in Berlin.
The battery maker has also been looking for factories in Mexico and the United States to supply Tesla, Ford Motor and others, though the process has been delayed
, Bloomberg reported in August.
Zentgraf called on the EU to provide more flexible state aid to help localize and expand the EV battery supply chain, and to complement the multibillion-dollar investments made by battery manufacturers, "focusing subsidy funds on building the overall supply chain
of the battery business.
" ”
