Business · Companies · 1 day ago

Ningde becomes a global center for electric-car battery production

Ningde becomes a global center for electric-car battery production

Ningde was once a poor, mostly rural part of China, but CATL’s battery factories have transformed it.

CATL is the world’s largest producer of electric-car batteries and says it has a large share of the global market.

The company is also building factories in other countries, including Spain.

Its growth shows how one major manufacturer can reshape a local economy and build an industry around it.

Sources

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