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CATL Invests in New Zealand Firm for Graphite Production from Wood · Cyprus Report

Business · World

CATL Invests in New Zealand Firm for Graphite Production from Wood

1 sourceFirst reported 16 days agoUpdated 16 days ago

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Contemporary Amperex Technology Co. Ltd. (CATL) is investing in a New Zealand company that specializes in converting forestry byproducts into graphite.
The graphite produced will be used in lithium batteries, which are crucial for electric vehicle production.
This investment aligns with CATL's efforts to secure sustainable materials for battery manufacturing.
The New Zealand firm's technology could potentially provide a more eco-friendly source of graphite.
The deal highlights growing interest in alternative materials in the battery supply chain.

Generated by AI from the 1 sources below · always verify with the originals

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All coverage (1)

CATL Invests in New Zealand Firm to Develop Graphite From WoodBloomberg · 16 days ago

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AI summary: catch up in 20 seconds

Contemporary Amperex Technology Co. Ltd. (CATL) is investing in a New Zealand company that specializes in converting forestry byproducts into graphite.
The graphite produced will be used in lithium batteries, which are crucial for electric vehicle production.
This investment aligns with CATL's efforts to secure sustainable materials for battery manufacturing.
The New Zealand firm's technology could potentially provide a more eco-friendly source of graphite.
The deal highlights growing interest in alternative materials in the battery supply chain.

Generated by AI from the 1 sources below · always verify with the originals