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China's CATL, the world's largest manufacturer of electric vehicle batteries, is in discussions to establish a $1.5 billion fund aimed at expanding its global supply chain. The fund will support CATL, a key supplier to Tesla, Volkswagen, and Ford, in financing an ecosystem to enhance production in Europe and other international markets. Talks are being held with Europe's elite, including sovereign wealth funds, family offices, and automakers, to secure the necessary investment.
China’s CATL, the world’s biggest maker of electric vehicle batteries, is in talks to launch a $1.5 billion fund to expand its global supply chain, a source says https://t.co/kZuZa0hoIg via @business
"#China’s CATL has held talks w/overseas SWFs about raising a $1.5B fund to build out its global supply chain...The fund would help CATL, supplier to Tesla, Volkswagen & Ford, to finance an ecosystem to expand production in Europe & other foreign markets" https://t.co/WFCuvPx8wz
China’s battery giant taps Europe’s elite to expand supply chain Tesla supplier CATL holds talks with sovereign wealth funds, family offices and automakers https://t.co/qgzzL8GeX6 via @ft
