Reuters
China’s CATL presses ahead with battery plans for North America -source
China’s CATL, the world’s largest battery maker, is pressing ahead with plans to deliver lower-cost lithium iron batteries to Ford Motor Co and with plans for battery production in North America by 2026, a person with knowledge of the matter said on Wednesday. Bloomberg News reported on Tuesday that CATL was delaying a decision on a North American plant after U.S. House Speaker Nancy Pelosi’s visit to Taiwan, saying that an announcement could still come by September or October. The Wall Street Journal reported on Wednesday that before Pelosi’s visit, which China sees as a provocation, CATL had been planning to announce its North American investment plans this month.