China's top electric vehicle (EV) battery maker Contemporary Amperex Technology Ltd (CATL) is exploring new battery-related services and will expand manufacturing capacity in the next two years, its chairman told Reuters.
FILE PHOTO: A sign of Chinese battery maker Contemporary Amperex Technology Ltd is seen on its building in Ningde, Fujian province, China August 8, 2018. REUTERS/Stringer
Ningde-based CATL, which alongside LG Chem and Panasonic is one of the biggest EV battery makers globally, is developing battery-swapping and battery maintenance services, its chairman Zeng Yuqun said on Wednesday. The firm, which has signed supply deals with Tesla Inc and Volkswagen AG , expects to increase battery manufacturing capacity in the next two years, Zeng said.
Zeng said the firm will control costs to better manage the impact from the coronavirus pandemic. He did not offer details.
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