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CATL shares rose as much as 2.3% in early trading in Shenzhen on Friday.
Source: https://jalopnik.com/rivian-and-lucid-just-cant-grow-fast-enough-to-make-any-1850287191
CATL to Supply up to 7.5 Gigawatt-Hours of Battery Energy Storage Systems to Asset Mana.
Ford in February said it would invest $3.5 billion to build an EV battery plant in Michigan, using technology from Chinese battery company CATL.
Ford is planning to drop $3.5 billion on a battery-making facility in Marshall, Michigan using technology from CATL, a Chinese company.
Source: https://jalopnik.com/ram-recalls-340-000-heavy-duty-diesel-trucks-for-engine-1850121834
In addition, I believe Tesla will continue to become more vertically integrated and the company has plans to build a battery plant alongside Chinese battery maker CATL.
It isn't something that just affects the Western because as you all know, CATL supplies the world.
On the battery side, we have cleared the first hurdle with our Gen 4 development by securing a supply agreement with CATL, the world’s largest EV battery maker for the long-term procurement of CapEx and related products for our Gen 4 vehicles.
SHANGHAI (Reuters) – Nio plans to build its first battery plant to produce big cylindrical cells similar to those used by Tesla, two people familiar with the matter said, as the Chinese EV maker seeks to cut its reliance on suppliers like CATL.
So my question would be is, are these new packs that are liquid cooled coming from CATL or are they Xos proprietary products?
The bank’s price target on CATL implies upside of 38% from current levels.
Source: https://www.etftrends.com/climate-insights-channel/bet-on-batteries-etf/
WASHINGTON : Senator Marco Rubio on Tuesday asked the Biden administration to review Ford Motor's deal to use technology from Chinese battery company CATL as part of the automaker's plan to spend $3.5 billion to build a battery plant in Michigan.
Youngkin has faced some criticism for withdrawing from a competition to attract a new Ford Motor battery plant expected to be built with China’s Contemporary Amperex Technology Co Ltd (CATL), the world’s largest battery producer.
Source: https://financialpost.com/pmn/business-pmn/amazons-aws-to-invest-35-bln-in-virginia-2