June 29, 2018 / 10:50 AM / 9 months ago

China's CATL battery factory plan for Germany is commercial decision - Germany

BERLIN, June 29 (Reuters) - Chinese battery maker CATL’s plans for a factory in Germany reflected a commercial investment decision and were unrelated to Berlin’s plans to strengthen Germany’s position in the field, a government spokeswoman said.

Earlier, sources told Reuters China’s battery maker Contemporary Amperex Technology Ltd (CATL) is planning a factory in the German state of Thuringia, establishing a European base for supplying carmakers including BMW.

A spokeswoman for the German economy ministry said the factory plans were unrelated to the government’s ambition to support European investments in battery technology, regarded as crucial to the long-term survival of the continent’s car industry as the sector transitions to electric traction. (Reporting by Thomas Escritt Editing by Andrea Shalal)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below