CATL declared that it had established its first such factory in northern China, a 60-gigawatt-hour energy storage and EV battery manufacturing base in Shandong.
According to a media report, the chairman of battery manufacturer CATL stated that by 2028, half of China’s heavy truck sales might be electric, up from 10% in 2024.
According to the Shanghai government-affiliated news site Jiemian, Zeng Yuqun’s remarks at a heavy-truck battery-swapping launch point to additional challenges for the trucking industry’s fuel demand, which is already being impacted by the growth of LNG trucks in China.
CATL declared that it had established its first such factory in northern China, a 60-gigawatt-hour energy storage and EV battery manufacturing base in Shandong.
In the following two years, a second and third phase of the project will be added, creating a battery cluster in the energy sector worth billions of yuan in the area, CATL announced on the social media platform WeChat. By this year, Shandong wants to develop a lithium battery sector worth 100 billion yuan ($14 billion), which will include electrode materials, electrolytes, battery cells, and assembly.
Click Here to get the latest EV news and exclusive updates from EV Mechanica on WhatsApp!