woonws
2021-08-13
We often focus on the electric vehicles and forget about their suppliers and supply chains
Tesla, Nio Supplier CATL Seeks To Raise $9B In Bid To Expand Lithium-Ion Battery Production
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The move comes at a time when CATL is expanding battery manufacturing capacity across China and in Germany.</p>\n<p>The funding will also be used to build several battery factories in Fujian, Zhejiang and Guangdong provinces in China besides developing battery technologies for energy storage facilities, Reuters noted.</p>\n<p><b>Why It Matters:</b> Battery suppliers are adding capacities as automakers across the globe make a dash to either switch to electric vehicles or expand the existing electric lineup.</p>\n<p>CATL, which also supplies batteries to <a href=\"https://laohu8.com/S/VWAGY\">Volkswagen AG</a>, was earlier reported to be planning a major new automotive battery plant in Shanghai, which would be able to produce 80 gigawatt-hours of battery cells a year, in addition to the 69.1GWh in current production capacity and another 77.5GWh under construction.</p>\n<p>Tesla has a manufacturing facility in Shanghai, which it opened in 2019. The facility started delivering China-made Model 3 cars last year and China-made Model Y vehicles this year.</p>\n<p>The ramp-up plan is also likely to add to competitive pressure on <a href=\"https://laohu8.com/S/PCRFY\">Panasonic Corp.</a> and <a href=\"https://laohu8.com/S/LGCLF\">LG Chemical Co., Ltd.</a>'s LG Energy Solution unit, which are Tesla’s other battery suppliers.</p>\n<p><b>Price Action:</b> Tesla shares closed 2.04% higher at $722.25 on Thursday.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tesla, Nio Supplier CATL Seeks To Raise $9B In Bid To Expand Lithium-Ion Battery Production</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTesla, Nio Supplier CATL Seeks To Raise $9B In Bid To Expand Lithium-Ion Battery Production\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga </p>\n<p class=\"h-time\">2021-08-13 14:18</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<p>China's <b>Contemporary Amperex Technology Co Ltd</b>, a battery supplier to <a href=\"https://laohu8.com/S/TSLA\">Tesla Motors</a> and <a href=\"https://laohu8.com/S/NIO\">NIO Inc.</a>, is planning to raise up to $9 billion in a private share placement, Reutersreportedon Thursday.</p>\n<p><b>What Happened:</b> CATL aims to fund six projects aimed at lifting the production capacity of lithium-ion batteries, with the amount raised. The move comes at a time when CATL is expanding battery manufacturing capacity across China and in Germany.</p>\n<p>The funding will also be used to build several battery factories in Fujian, Zhejiang and Guangdong provinces in China besides developing battery technologies for energy storage facilities, Reuters noted.</p>\n<p><b>Why It Matters:</b> Battery suppliers are adding capacities as automakers across the globe make a dash to either switch to electric vehicles or expand the existing electric lineup.</p>\n<p>CATL, which also supplies batteries to <a href=\"https://laohu8.com/S/VWAGY\">Volkswagen AG</a>, was earlier reported to be planning a major new automotive battery plant in Shanghai, which would be able to produce 80 gigawatt-hours of battery cells a year, in addition to the 69.1GWh in current production capacity and another 77.5GWh under construction.</p>\n<p>Tesla has a manufacturing facility in Shanghai, which it opened in 2019. The facility started delivering China-made Model 3 cars last year and China-made Model Y vehicles this year.</p>\n<p>The ramp-up plan is also likely to add to competitive pressure on <a href=\"https://laohu8.com/S/PCRFY\">Panasonic Corp.</a> and <a href=\"https://laohu8.com/S/LGCLF\">LG Chemical Co., Ltd.</a>'s LG Energy Solution unit, which are Tesla’s other battery suppliers.</p>\n<p><b>Price Action:</b> Tesla shares closed 2.04% higher at $722.25 on Thursday.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PCRFY":"松下","VWAGY":"大众汽车ADR","VLKAF":"Volkswagen AG","TSLA":"特斯拉","NIO":"蔚来"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1151707328","content_text":"China's Contemporary Amperex Technology Co Ltd, a battery supplier to Tesla Motors and NIO Inc., is planning to raise up to $9 billion in a private share placement, Reutersreportedon Thursday.\nWhat Happened: CATL aims to fund six projects aimed at lifting the production capacity of lithium-ion batteries, with the amount raised. The move comes at a time when CATL is expanding battery manufacturing capacity across China and in Germany.\nThe funding will also be used to build several battery factories in Fujian, Zhejiang and Guangdong provinces in China besides developing battery technologies for energy storage facilities, Reuters noted.\nWhy It Matters: Battery suppliers are adding capacities as automakers across the globe make a dash to either switch to electric vehicles or expand the existing electric lineup.\nCATL, which also supplies batteries to Volkswagen AG, was earlier reported to be planning a major new automotive battery plant in Shanghai, which would be able to produce 80 gigawatt-hours of battery cells a year, in addition to the 69.1GWh in current production capacity and another 77.5GWh under construction.\nTesla has a manufacturing facility in Shanghai, which it opened in 2019. The facility started delivering China-made Model 3 cars last year and China-made Model Y vehicles this year.\nThe ramp-up plan is also likely to add to competitive pressure on Panasonic Corp. and LG Chemical Co., Ltd.'s LG Energy Solution unit, which are Tesla’s other battery suppliers.\nPrice Action: Tesla shares closed 2.04% higher at $722.25 on Thursday.","news_type":1,"symbols_score_info":{"NIO":0.9,"PCRFY":0.9,"TSLA":0.9,"VLKAF":0.9,"VWAGY":0.9}},"isVote":1,"tweetType":1,"viewCount":222,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":76,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/894592028"}
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