CATL Putting $3 Billion Into 3 New Battery Factories, LG Chem Doubling Its China-Made Battery Production
The two largest EV battery producers in the world, as I recently reported, are CATL and LG Energy Solution (formerly LG Chem). They intend to stay at the top. On the last day of 2020, CATL announced a 39 billion yuan ($5.9 billion) investment into three new battery factories in China. LG Energy Solution, meanwhile,…
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