CATL may suspend plans to build battery factories in North America

Chinese electric vehicle battery giant CATL has decided to delay announcing a North American plant amid tensions over the U.S. House speaker, according to people familiar with the matter. It is reported that the factory is expected to invest billions of dollars to supply Tesla Inc. and Ford Motor Co.

Previously, the power battery company CATL was revealed to be going to the United States to build a power battery factory to provide power batteries for Ford, Tesla and other car companies. However, a source said recently that the company decided to delay the announcement of the North American plant. Up to now, Ningde Times has not responded to this rumor.

According to previous reports, CATL has been planning to build battery factories in the United States and Mexico to provide power batteries for American car companies. The company has already looked at two locations in Mexico near Texas, with the U.S. as one of its sites. Negotiations on site selection and incentives for the CATL are at an advanced stage and are expected to be announced in the coming weeks.

According to reports, CATL is also considering sites including Ciudad Juarez in Chihuahua, Mexico, and Saltillo in Coahuila, where the company plans to invest up to $5 billion in the project. It is reported that the plant sites in the United States and Mexico are still under active consideration, and there is no plan to give up the construction of plants yet.

In the United States, there are rumors that CATL intends to build a factory in Kentucky, but the official has not responded to the matter, but this plan seems reasonable, because Kentucky has Ford's important pure electric vehicle production base. The factory can make battery supply more convenient.

As the world's largest power battery manufacturer, CATL currently occupies more than 30% of the world's power battery business, and as one of the world's largest auto markets, the United States has always been an important market for it. CATL has been looking for a battery factory in the United States. possibility.

But in fact, due to the complicated situation between China and the United States, this wish has not been realized. However, if a factory is set up in Mexico to provide battery supply for American car companies, it may also have the effect of expanding the market share in the United States.