Latest news with #medievaltown
Bloomberg
23-05-2025
- Automotive
- Bloomberg
CATL's Foray Into Europe Shows China's Tariff Workaround
Hi, this is Josh Xiao in Singapore. A while back I traveled to a small, medieval town in Germany. The trip wasn't to enjoy some brats or Bach but to see how Contemporary Amperex Technology's first factory outside China was doing.
Bloomberg
20-05-2025
- Automotive
- Bloomberg
CATL's $2 Billion German Plant Boosts China's Invest-Abroad Bet
More than two years ago on the outskirts of a medieval German town, China's biggest EV battery company placed a €1.8 billion ($2 billion) bet on the future of global trade. The decision by Contemporary Amperex Technology Co. Ltd. to open a sprawling factory in central Germany — its first outside China — symbolized President Xi Jinping's recognition that protectionist impulses around the world are here to stay. The idea was simple: invest abroad, create local jobs and keep Chinese goods flowing into key markets. CATL — which this week started trading in Hong Kong after raising $4.6 billion — is a flagship example of that initiative.
