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01 Mar
12:53

Times SAIC’s expansion project gets CATL go-ahead

China’s giant battery manufacturer CATL said it will invest in the expansion project of its subsidiary Times SAIC Power Battery Co, Kallanish learns from an exchange announcement. Times SAIC is a joint venture 51% owned by CATL and 49% by SAIC Investment Management Co. The company plans to build a battery production line in the Zhongguancun High-Tech zone, in Liyang city, Jiangsu Province of China. The project is expected at a cost tag of no more than RMB…
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