GUANGZHOU -- China's biggest electric vehicle battery maker, CATL, will invest up to 26 billion yuan ($3.7 billion) to quadruple its production capacity for lithium-ion batteries used in cars and storage systems.
Energy
China's CATL revs up EV battery production following Tesla deal
Company to spend up to $3.7bn to quadruple output capacity
Tesla will start receiving batteries from CATL. © Reuters
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