China’s largest battery maker has taken a large controlling stake in a lithium project in Quebec, as companies rush to get access to supplies of the key raw material.
The purchase comes as Contemporary Amperex Technology, or CATL, is rapidly expanding its production of electric car batteries with the aim of becoming the world’s largest producer by 2020.
The Ningde-based company is set to raise $2bn through an initial public offering in China this year, valuing it at $20bn.
您已閱讀32%（475字），剩餘68%（995字）包含更多重要資訊，訂閱以繼續探索完整內容，並享受更多專屬服務。