GUANGZHOU -- CATL, the world's largest producer of electric vehicle batteries, will spend up to 13.5 billion yuan ($2.09 billion) on a plant in China to produce a new type of lithium battery.
Technology
China's CATL invests $2bn in plant for new lithium battery
World's largest producer on pace to quintuple total capacity
CATL looks to quintuple battery production capacity to 600 gigawatt-hours by 2025.
Read Next
Latest on Technology
