(Reuters) - Chinese battery maker Contemporary Amperex Technology Co Ltd (CATL) said on Wednesday it has agreed to acquire Canada’s Millennial Lithium Corp, as it looks to shore up supply of key ingredients for electric vehicle (EV) batteries.
The deal is the battery maker’s second upstream investment this week, after AVZ Minerals said on Monday that it won funding of $240 million from a private investment firm, jointly owned by CATL, to develop a lithium and tin project in the Democratic Republic of Congo (DRC).
they are serious
(Reuters) - Chinese battery maker Contemporary Amperex...
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