The demand for car batteries is rising rapidly with increasing availability; of new electric car models. For this reason, companies that produce cells for batteries are investing in the expansion of their plants or in the construction of new factories, especially in strategic areas near the factories of the car manufacturers. CATL , the most & ugrave; major battery manufacturer, has made it known that he is evaluating the possibility; to get to build a new plant, the third , for the construction of cells for batteries in Europe.
DISCUSSIONS IN PROGRESS
A definitive decision is not; has still been taken and the company would be discussing this possibility internally as Matthias Zentgraf pointed out, President of CATL Europe. The decision will be; taken according to market demands. If the demand for batteries grows & egrave; possible that the new factory could actually be built. Otherwise, the project will remain; in the drawer.
It is worth mentioning that CATL is already in the drawer. investing heavily in the Old Continent. The company & agrave; Chinese already has; a factory in Germany which will begin to produce battery cells by the end of the year. Even more; important, towards the middle & agrave; in August 2022, CATL had announced plans to create a new factory in Hungary. Plant that will have; a capacity production, once fully operational, of 100 GWh per year. Project that involves an investment of over 7 billion euros. Among the first customers of this factory there will be & agrave; Mercedes.
The battery maker is also evaluating a new site in the United States for a factory that will go. to supply car manufacturers such as Tesla and Ford with batteries. However, this project & egrave; been slowed down due to tensions between China and the United States.
Returning to the European market, CATL already has; prepared an emergency plan to be able to continue producing batteries in Germany given the current energy crisis. Zentgraf added that they already have; some ideas on how to exploit renewable energies .
What seems clear is; that CATL has ambitious plans for the European market. The possibility of a third battery factory speaks volumes about the importance of the Old Continent for the Chinese company. Investments that should allow CATL to continue to be the leader in the battery sector with a wide advantage over the most; direct rivals, as we have seen more & ugrave; times within the reports on the world production of accumulators.
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