Can battery companies expand overseas?
However, as the US and Europe introduce related entry policies, battery companies are facing numerous international regulatory and legal challenges, making overseas expansion much more difficult.
Are Chinese battery companies going global?
Since last year, leading Chinese battery companies such as CATL, Gotion High-Tech, EVE Energy, Envision AESC, Farasis Energy, and REPT have accelerated their steps to "go global."
Are lithium battery companies expanding overseas?
In light of global market uncertainties, lithium battery companies are also beginning to seek diversified overseas expansion paths. CATL adopts a dual approach of "light and heavy assets" to actively expand overseas. CATL has built and is planning or constructing a total of eight factories overseas.
What is the biggest challenge facing the lithium battery industry?
The projects in the lithium battery industry chain are numerous, with sites spanning Europe, Southeast Asia, and other regions. In March this year, CATL Chairman Zeng Yuqun stated that the biggest challenge faced by CATL comes from geopolitical issues.
How many lithium battery factories are there in China?
Currently, Chinese battery companies have over 25 overseas factory projects, with a total planned capacity exceeding 500 GWh. The projects in the lithium battery industry chain are numerous, with sites spanning Europe, Southeast Asia, and other regions.
When will batteries be banned in the US?
Additionally, as part of the latest National Defense Authorization Act passed on December 22, 2023, the US will ban the procurement of batteries from CATL, BYD, and four other Chinese companies starting in October 2027.
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