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.
China tech
China's CATL hikes investment with $2bn German battery plant
Initial plans expanded as market for electric vehicles accelerates
CATL looks to tap into Europe's demand for electric vehicles with its planned battery plant in Germany. © Reuters
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