Chinese battery giant CATL, the world’s largest electric vehicle battery manufacturer, is expanding its workforce at its primary European production facility in Thüringen, Germany.
The company aims to scale up operations, eventually producing enough batteries to power up to 350,000 electric vehicles annually for European automakers. CGTN’s Natalie Carney reports from Arnstadt..
Read more about the factory here ⬇️
https://tinyurl.com/4zu4mjpa
#CATL #ElectricCars #Germany #EV
The company aims to scale up operations, eventually producing enough batteries to power up to 350,000 electric vehicles annually for European automakers. CGTN’s Natalie Carney reports from Arnstadt..
Read more about the factory here ⬇️
https://tinyurl.com/4zu4mjpa
#CATL #ElectricCars #Germany #EV
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NewsTranscript
00:00Germany has long been a pivotal force in the global car industry, renowned as the birthplace of the automobile.
00:08With the drive towards greener mobility, Germany wants to stay on track and wants more manufacturers to build factories and advance domestic electric vehicle production.
00:18China's CATL, the world's largest battery supplier, has set up shop in the German state of Thuringen.
00:25As a Chinese-based company, why did CATL decide to invest here in Germany?
00:31Yes, battery baking business is something that you do very close with your customers. It's an eye-to-eye thing.
00:39And it's important to have the short supply chains in the long term.
00:45We have had our first cooperation here in Germany starting in 2012.
00:51And then we decided to come here and start producing batteries in Germany and in Europe in 2018.
00:57Batteries account for around 40% of the price of an electric vehicle.
01:02Local production will cut costs and reduce transportation emissions. It also brings more jobs.
01:08So how has then the CATL factory here in Germany helped develop not only Germany's EV manufacturing industry, but also Europe's?
01:18Well, we're bringing a lot of new know-how here into the region.
01:22Battery manufacturing is still quite a new subject in Europe.
01:27And that also comes with some added benefits.
01:32We're also helping train people on the ground for future generations of battery production here on site.
01:38EV technology is key to the decarbonation of road transport.
01:42But with not enough European battery producers to satisfy demand, Germany and other EU countries appear to be open to Chinese investment.
01:51This plant aims to build hundreds of thousands of EV batteries for electric vehicles across the continent and beyond.
01:59Which will go to help the European Union's growing electric vehicle manufacturing industry,
02:04which has long relied on batteries from China that are now subject to EU tariffs.
02:10Many in Germany view these EU tariffs as detrimental.
02:14But some argue that the tariffs now incentivize more Chinese investment in building European production centers, like this one in Turingen.
02:23Natalie Carney, CGTN, Arnstadt, Turingen.