Raptors return on investment is the real dealMLS Cup the winning goal in record-breaking season for soccer in North AmericaNorth America’s oldest sport catches momentum in new professional localesCanadian Football League fanatics fuel financialsCanada’s Davis Cup team finding loveRobin Zeng, chairman of Contemporary Amperex Technology Co. , in Hong Kong, China, on Monday, March 25, 2024.
Zeng, 56, also confirmed that CATL is supplying machinery to Tesla’s factory in Nevada. Bloomberg reported last month that Tesla plans to expand battery production in Nevada, opening a small facility using idle equipment from CATL, according to people familiar with the matter. The company plans to train engineers from Ford Motor Co., for example, by inviting them to CATL’s headquarters in Ningde, Fujian in China or to Germany, where it also has a plant. CATL is in talks with around 10 to 20 other automakers in the US and Europe regarding a similar arrangement, Zeng said, without elaborating.
As America pushes back on companies like CATL and Chinese EV maker BYD Co. for their grip on the electric vehicle supply chain, Zeng said having a trusted partner that transcends geopolitics matter most. US President Joe Biden’s signature climate law has allocated some $370 billion in funding to help the US set up a comprehensive EV production and supply chain to compete with China.