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On July 9, Zeng Yuqun, the founder of CATL, and Wolfgang Tiefensee, Minister of Economy of the German state of Thuringia, jointly signed an investment agreement
for CATL to invest in the construction of a lithium battery factory and an intelligent manufacturing technology research and development center in the state.
CATL will invest EUR 240 million in
Erfurt, Thuringia, Germany.