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CATL to Spend Over HK$1 Billion on HK Headquarters, R&D Center
- Center will develop patents, battery maker’s founder Zeng says
- Hong Kong’s Paul Chan says center will employ over 500 people
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Contemporary Amperex Technology Co Ltd., the world’s biggest producer of electric-vehicle batteries, is making Hong Kong its international headquarters and opening a research and development center in the city.
CATL will invest more than HK$1 billion ($128 million) in the process, Hong Kong Financial Secretary Paul Chan said during a ceremony Thursday with officials including Zeng Yuqun, the battery maker’s founder and chairman.