Hyperdrive
Tesla Supplier CATL Weighs Sites for $5 Billion Battery Plant
- Chinese battery maker considering Mexico, U.S., Canada sites
- Plant to have 80 gwh annual capacity, supply multiple firms
A display by CATL at World Intelligent Connected Vehicles Conference in Beijing.
Photo by VCG/Getty Images
This article is for subscribers only.
China’s Contemporary Amperex Technology Co. Ltd., the world’s biggest maker of batteries for electric vehicles, is considering sites across North America for a massive $5 billion plant to supply customers including Tesla Inc.
The company aims to build a factory capable of producing as much as 80 gigawatt-hours of batteries a year, according to people familiar with the matter. The facility would eventually employ as many as 10,000 workers, said the people, who asked not to be named discussing private information.