CATL is ready to assist European battery makers and contribute to building up a regional industry hub as the Chinese giant bets on strong growth in the continent’s EV market.
Matt Shen, CATL’s general manager for Europe, said local battery makers needed help to overcome the high production costs and supply chain challenges in the region, which have hampered their efforts to manufacture at scale at competitive prices.
“The [European] market is big enough” to support multiple battery manufacturers, Shen said.
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