（Cover image source: Reuters）
Reuters reported today that CATL plans to build a new factory in Shanghai with an annual production capacity of up to 80 GWh, higher than CATL’s current total capacity (69.1 GWh) and the new capacity under construction (77.5 GWh).
Sources further said that CATL’s new Shanghai factory may be located south of Tesla’s Lingang factory and may hire 5,000 workers to produce CTC batteries. At the same time, CATL is also considering setting up a research center and a global sales and operations center in Shanghai.
CATL is currently negotiating with the Shanghai government, and it is unclear when a final agreement can be reached or when the new factory will begin production. If the new factory is completed and put into operation, its capacity of 80 GWh can meet the installation capacity of 800,000 electric vehicles.
In response to this news, Garage No. 42 contacted CATL for the first time, and CATL responded that they have no comment. According to sources close to CATL, this news is true, and the factory will initially be a battery pack factory, with investment gradually increasing in the future.
🔗Source: Reuters
This article is a translation by ChatGPT of a Chinese report from 42HOW. If you have any questions about it, please email bd@42how.com.