Chinese firm CATL will build a battery factory in central Germany to supply the country's auto industry through its transformation toward electric cars, high-end manufacturer BMW said today.
"We are very pleased that CATL has decided to build a factory for battery cells in Erfurt," capital of Thuringia state, the Munich-based firm said in a statement, adding it has a deal with the world's largest battery maker to buy cells worth 4.0 billion euros ($4.7 billion) in China and Germany.
Disclaimer: No Business Standard Journalist was involved in creation of this content
