Close Menu
World Economist – Global Markets, Finance & Economic Insights
  • Home
  • Economist Impact
    • Economist Intelligence
    • Finance & Economics
  • Business
  • Asia
  • China
  • Europe
  • Economy
  • USA
    • Middle East & Africa
    • Highlights
  • This week
  • World Economy
    • World News
What's Hot

Gold surpasses $3600 for the first time ever

September 8, 2025

More well-off Malaysians seek public hospitals as insurance costs surge

September 8, 2025

‘Urgent revisions’ mulled for China’s bankruptcy law, with shortcomings in mind

September 8, 2025
Facebook X (Twitter) Instagram
Monday, September 8
Facebook X (Twitter) Instagram
World Economist – Global Markets, Finance & Economic Insights
  • Home
  • Economist Impact
    • Economist Intelligence
    • Finance & Economics
  • Business
  • Asia
  • China
  • Europe
  • Economy
  • USA
    • Middle East & Africa
    • Highlights
  • This week
  • World Economy
    • World News
World Economist – Global Markets, Finance & Economic Insights
Home » CATL bets on batteries for BMW, Volkswagen to win in Europe as it revs up Hungary plant
Business

CATL bets on batteries for BMW, Volkswagen to win in Europe as it revs up Hungary plant

adminBy adminSeptember 8, 2025No Comments2 Mins Read
Share Facebook Twitter Pinterest Copy Link LinkedIn Tumblr Email VKontakte Telegram
Share
Facebook Twitter Pinterest Email Copy Link
Post Views: 3


Contemporary Amperex Technol­ogy (CATL) is betting on two specially designed battery packs to win over customers in Europe, as the world’s largest maker of power sources for electric vehicles (EVs) counts down to flicking the on switch at its plant in Hungary in December.
The first pack is a long-life variant that is usable for up to 12 years, offering 758km (471 miles) of driving range, CATL said in a statement on Sunday. The second variant is a fast-charging lithium-ion phosphate (LFP) power pack that needs just 10 minutes of charging to drive up to 478km, CATL said.

The two battery variants show how CATL is doubling down on its technology to become the go-to supplier for European carmakers such as BMW and Volkswagen, as it provides them with tailor-made power sources to compete with BYD’s proprietary blade batteries.

“The product launches represent an active response to the urgent demand for electrification in the European market,” CATL said. “We are determined to help accelerate the transition into green transport around the globe.”

The two battery types are expected to roll out of CATL’s €7.3 billion (US$8.6 billion) factory in Debrecen, the second-largest city in Hungary. The plant has 100 gigawatt-hours (GWh) of production capacity, enough to power 2 million EVs, each with a driving range of 500km. Production is scheduled to start at the end of this year.

Debrecen is CATL’s second production facility in Europe since the Fujian province-based company’s factory in Germany’s Thuringia state began production in 2023 with 14GWh of capacity.

“CATL is sending a message to the European market that it will design more products to cater to their demands,” said Davis Zhang, a ­senior executive at Suzhou Hazard­­tex, a supplier of specialised batteries. “Some of the products require R&D efforts to fit in with the European EVs.”



Source link

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email Telegram Copy Link
admin
  • Website

Related Posts

Business

Wealthy Asians turn to secondary private equity amid geopolitical, economic strains

September 8, 2025
Business

Lidar giant Hesai seeks US$500 million in Hong Kong dual listing amid US-China tensions

September 8, 2025
Business

Green Week: Hong Kong should seize on transition-finance growth, financial secretary says

September 8, 2025
Business

Hong Kong stocks extend weekly advance in trading during Typhoon Tapah

September 8, 2025
Business

Uniqlo Hong Kong chooses upgrades over expansion as it aims to evolve with local needs

September 8, 2025
Business

Standard Chartered wealth and retail head urges diversification amid correction risks

September 8, 2025
Add A Comment
Leave A Reply Cancel Reply

Editors Picks

India hopes ‘insights’ from Pakistan clash will help woo arms buyers – World

September 8, 2025

Gold hits another all-time high in Pakistan – Markets

September 8, 2025

TPL Insurance acquisition: VEON gets BoD nod – Business & Finance

September 8, 2025

Tara Group inks MoUs with Chinese partners on agri research – Business & Finance

September 8, 2025
Latest Posts

PSX hits all-time high as proposed ‘neutral-to-positive’ budget well-received by investors – Business

June 11, 2025

Sindh govt to allocate funds for EV taxis, scooters in provincial budget: minister – Pakistan

June 11, 2025

US, China reach deal to ease export curbs, keep tariff truce alive – World

June 11, 2025

Subscribe to News

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

Recent Posts

  • Gold surpasses $3600 for the first time ever
  • More well-off Malaysians seek public hospitals as insurance costs surge
  • ‘Urgent revisions’ mulled for China’s bankruptcy law, with shortcomings in mind
  • India hopes ‘insights’ from Pakistan clash will help woo arms buyers – World
  • Wealthy Asians turn to secondary private equity amid geopolitical, economic strains

Recent Comments

No comments to show.

Welcome to World-Economist.com, your trusted source for in-depth analysis, expert insights, and the latest news on global finance and economics. Our mission is to provide readers with accurate, data-driven reports that shape the understanding of economic trends worldwide.

Latest Posts

Gold surpasses $3600 for the first time ever

September 8, 2025

More well-off Malaysians seek public hospitals as insurance costs surge

September 8, 2025

‘Urgent revisions’ mulled for China’s bankruptcy law, with shortcomings in mind

September 8, 2025

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

Archives

  • September 2025
  • August 2025
  • July 2025
  • June 2025
  • May 2025
  • April 2025
  • March 2025
  • February 2025
  • January 2025
  • December 2024
  • June 2024
  • October 2022
  • March 2022
  • July 2021
  • February 2021
  • January 2021
  • November 2019
  • April 2011
  • January 2011
  • December 2007
  • July 2007

Categories

  • AI & Tech
  • Asia
  • Banking
  • Business
  • Business
  • China
  • Climate
  • Computing
  • Economist Impact
  • Economist Intelligence
  • Economy
  • Editor's Choice
  • Europe
  • Europe
  • Featured
  • Featured Business
  • Featured Climate
  • Featured Health
  • Featured Science & Tech
  • Featured Travel
  • Finance & Economics
  • Health
  • Highlights
  • Markets
  • Middle East
  • Middle East & Africa
  • Middle East News
  • Most Viewed News
  • News Highlights
  • Other News
  • Politics
  • Russia
  • Science
  • Science & Tech
  • Social
  • Space Science
  • Sports
  • Sports Roundup
  • Tech
  • This week
  • Top Featured
  • Travel
  • Trending Posts
  • Ukraine Conflict
  • Uncategorized
  • US Politics
  • USA
  • World
  • World & Politics
  • World Economy
  • World News
© 2025 world-economist. Designed by world-economist.
  • Home
  • About Us
  • Advertise With Us
  • Contact Us
  • DMCA
  • Privacy Policy
  • Terms & Conditions

Type above and press Enter to search. Press Esc to cancel.