Industry dynamics

CATL's Zhaoqing base finishes construction of first phase plant, expected to start production in June

Publishtime:1970-01-01 08:00:00 Views:16

Equipment installation for the project is underway, and the module plant has seen battery pack samples roll off the line.

As China's largest power battery maker, CATL (SHE: 300750) is still expanding its production capacity, one of which is at its base in Zhaoqing, Guangdong.

CATL began construction on March 28 of last year on the project in Zhaoqing, which is also home to Xpeng Motors' (NYSE: XPEV, HKG: 9868) current plant. As a year has passed, information released today by the local government provides an update on the project's progress.

CATL's project has completed construction of the first phase of the plant, installation of equipment is underway and the module plant has seen battery pack samples come off the line, the official WeChat account of the Zhaoqing municipal government said in an article posted today, adding that the project is scheduled to start production in June.