August 13, 2022

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Beyond Automotive

CATL scouts Mexico for EV battery plant to supply Tesla, Ford

2 min read
CATL scouts Mexico for EV battery plant to supply Tesla, Ford

Backed by China’s strategic force into electrical cars and trucks, CATL is using a boom in demand from customers for EVs as nations do the job to cut down carbon emissions and customers embrace cleaner motor vehicles. The enterprise, which finished an first community supplying in 2018, controls much more than 30 percent of the world EV battery market.

CATL has been contemplating a battery plant in the U.S. for decades, but climbing geopolitical tensions in between the U.S. and China have intricate the energy. It’s also underneath competitive pressure to velocity a selection as rivals these kinds of as LG Electricity Option, Samsung SDI Co. and Panasonic Holdings Corp. ink discounts with automakers to build battery crops in the U.S.

The U.S.-Mexico-Canada Settlement on trade, negotiated below then President Donald Trump, even more complex CATL’s options by introducing higher wage requirements for gentle automobiles to trade duty-free of charge, alongside with stricter information policies. A CATL web page would aid Mexico, which has long been a big part of the car industry’s source chain, cement its part in the region’s electrical vehicle production.

CATL could choose to manufacture battery cells in Mexico and then ship them to Kentucky to be assembled into battery packs. In 2020, the Chinese battery huge bought a previous RR Donnelley & Sons Co. printing plant in Glasgow, Kentucky, and formed a subsidiary in the condition, documents show. In April 2021, it hired Charles Huang, a producing govt, to be main executive officer of the task, according to his LinkedIn website page.

Huang’s LinkedIn web site suggests his mandate is to “establish corporate structure and tactic for CATL manufacturing task in North America.”

A spokesman for Kentucky’s financial development company declined to remark on CATL’s ideas in the condition.

An expanded existence in North The usa could unsettle U.S. officials who are eager on supporting domestic suppliers. President Joe Biden is allocating billions to cultivate the US battery offer chain and wean the car field off its reliance on China, but those people attempts will acquire a long time to occur to fruition by way of American startups and partnerships with Korean and Japanese providers.

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