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CATL just announced to increase their Investment in German battery project from Eur 240m to EUR 1.8 billion.


Ningde era (CATL) plans to further increase investment in the German battery project

Cai Liyuan Editor
2019-06-26 11:24
[Car home industry] The domestic power battery company Ningde era is accelerating overseas layout. On June 25, Ningde Times announced that according to the changes in overseas business development and market demand, the company's global strategic industrial layout will be further deepened. The company reviewed and approved the “Proposal on Increasing Investment in European Production and Rising Base Projects”. It is agreed to expand the investment scale of the European production and research base project, and the total investment of the project will not exceed 1.8 billion euros.



According to the data, the R&D base project is located in Erfurt, Thuringia, Germany. The Chinese name is German Era New Energy Technology (Thuringia) Co., Ltd., and its business scope includes R&D, production and sales of lithium-ion batteries and related products. The investment is not more than 1.8 billion euros (including the original estimated investment of 240 million euros, the final project investment is based on the actual investment), and the lithium-ion power battery production base and lithium battery research and development test center will be built. The total investment includes land acquisition and plant. Purchase and construction, equipment purchase and installation, other construction costs, reserve fees and working capital required for operations.