GUANGZHOU -- Chinese company CATL, the world's largest maker of car batteries, intends to invest up to 1.8 billion euros ($2.05 billion) in a planned factory in Germany, encouraged by the strong global appetite for electric vehicles and plug-in hybrids.
That figure would be more than seven times the 240 million euros that Contemporary Amperex Technology Ltd. had set aside when it unveiled plans last July to build a factory in the German city of Erfurt.
