World’s top maker of battery cells for EVs to open German plant in 2021
China’s Contemporary Amperex Technology (CATL) plans to produce 60 gigawatt hours (GWh) beginning in 2026 from its battery factory in Germany, its first production site in Europe and the grounds of car giants BMW, Volkswagen and Daimler AG.
The company, the world’s largest maker of battery cells for electric vehicles (EVs), will focus the on next-generation nickel-rich batteries, which are cheaper to make and have longer life-spans.
The company currently makes NCM 523 batteries with 50% nickel, 20% cobalt and 30% manganese.
CATL’s regional president for Europe, Matthias Zentgraf, said the company’s battery cell factory in Erfurt would start production in 2021, creating about 600 jobs.
China’s No.1 maker of battery cells for EVS announced in July its decision to build a plant at Erfurt, Germany, as part of a plan to settle close to most European automakers.
Based in Fujian province in southeast China, CATL already has strategic agreements with carmakers including SAIC Motor Corp , Geely, BMW and Volkswagen.
CATL’s battery plant in Germany is expected to ease a forecast negative impact in the country’s automotive industry. According to the IG Metall labour union, the growing adoption of EVs is likely to add 25,000 jobs by 2030, though another 75,000 positions in engine and transmission making are likely to disappear, the study shows.
source: MINING.COM
Top News
Glencore in talks to sell Philippine copper smelting unit
Rasul Khalife Soltani, Secretary of the Iranian Steel Producers Association on the sidelines of the 1403 Steel Symposium:
Mobarakeh steel is producing green steel through scrap recycling
India’s record gold import said to be due to calculation error
Volkswagen buys 9.9% of Patriot Battery Metals for $48 million
Sibanye raises $500m via metals streaming deal with Franco-Nevada
Norge Mining acquires Europe’s largest natural graphite producer
Mercuria partners with Zambia on metals trading venture
Aluminum price falls to one-month low in wider commodity slump
Skeena advances Eskay Creek permitting, unlocks Orion funding
Lure of Anglo’s copper mines could test BHP’s spending resolve
Copper giant Peru foresees another production plateau in 2025
Iron ore price weakens as Australia flags return to sub-$100 prices
Nickel price hits 4-year low as gloom offsets potential Indonesia cuts
Mercuria partners with Zambia on metals trading venture
Sibanye raises $500m via metals streaming deal with Franco-Nevada
Triple Flag to acquire royalty on Tres Quebradas lithium project
Volkswagen buys 9.9% of Patriot Battery Metals for $48 million
Aluminum price falls to one-month low in wider commodity slump
India’s record gold import said to be due to calculation error
Lure of Anglo’s copper mines could test BHP’s spending resolve
Iron ore price weakens as Australia flags return to sub-$100 prices
Nickel price hits 4-year low as gloom offsets potential Indonesia cuts
Sibanye raises $500m via metals streaming deal with Franco-Nevada
Triple Flag to acquire royalty on Tres Quebradas lithium project
Volkswagen buys 9.9% of Patriot Battery Metals for $48 million
Aluminum price falls to one-month low in wider commodity slump
India’s record gold import said to be due to calculation error
Glencore in talks to sell Philippine copper smelting unit
