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The Nexus
BUSINESSMay 28 · 11:30 UTCSCMP WORLDThemis Qi

CATL set to boost global energy storage with world’s largest testing facility in Xiamen

Contemporary Amperex Technology Ltd (CATL) is launching a 3 billion yuan energy storage research facility in Xiamen, China, to expand its global EV battery dominance amid rising demand driven by the global oil crisis. The facility aims to strengthen CATL's position in the energy storage market, where it already holds nearly 40% of the EV battery market share.

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Contemporary Amperex Technology LtdorganizationXiamenplaceFujian provinceplaceenergy storagetopicelectric vehicle (EV) batteriestopicglobal oil crisistopicXiamen Energy Storage Research Facilityorganization
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