Nearly 10 battery companies built factories in Southeast Asia At present, Chinese domestic power battery companies accelerate the formation of groups to go abroad, with core competitiveness of high-end products to overseas markets, accelerate the pace of "going out" to fill the international capacity gap.
In addition to CATL, at present, domestic lithium battery enterprises including Guoxuan High-tech, EVE Lithium Energy, Sunwoda, Rupu Lanjun, Tianneng , AZURE, GEM, Huayou Cobalt, Zhongwei (CNGR) and other battery and raw material enterprises have or are preparing to invest and cooperate in Southeast Asia.
According to incomplete statistics, up to now, China''s power battery companies have built, under construction and planned to build overseas factories with a cumulative capacity of more than 300GWh, of which Southeast Asia, South Asia and other places have also become key markets of concern
In October last year, the company announced that it would invest in cylindrical lithium battery manufacturing projects in Malaysia, with an investment amount of no more than $422 million, mainly producing cylindrical lithium-ion power tools, two-wheelers and cleaning tool battery series products.
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