Germany Clinches Investment for Huge Lithium Cell Factory
Poster: SySAdmin
Posted on July 10, 2018 at 8:21:01 AM
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style="Margin:0;color:#0a0a0a;font-family:Montserrat,Arial,sans-serif;font-size:16px;font-weight:400;line-height:1.3;margin:0;padding:0;text-align:left"><table class="spacer" style="border-collapse:collapse;border-spacing:0;padding:0;text-align:left;vertical-align:top;width:100%"><tbody><tr style="padding:0;text-align:left;vertical-align:top"><td height="16px" style="-moz-hyphens:auto;-webkit-hyphens:auto;Margin:0;border-collapse:collapse!important;color:#0a0a0a;font-family:Montserrat,Arial,sans-serif;font-size:16px;font-weight:400;hyphens:auto;line-height:16px;margin:0;mso-line-height-rule:exactly;padding:0;text-align:left;vertical-align:top;word-wrap:break-word"> </td></tr></tbody></table> <h4 class="text-center" style="-moz-hyphens:none;-webkit-hyphens:none;Margin:0;Margin-bottom:10px;color:#fff;font-family:Montserrat,Arial,sans-serif;font-size:18px;font-weight:400;hyphens:none;line-height:22px;margin:0;margin-bottom:10px;padding:0;text-align:center;text-transform:uppercase;word-break:none;word-wrap:normal">News From Germany Trade and Invest</h4><h5 class="text-center" style="-moz-hyphens:none;-webkit-hyphens:none;Margin:0;Margin-bottom:10px;color:#fff;font-family:Montserrat,Arial,sans-serif;font-size:14px;font-weight:500;hyphens:none;line-height:18px;margin:0;margin-bottom:0;padding:0;text-align:center;word-break:none;word-wrap:normal">Transmitted by PR Newswire for Journalists on <span class="prevent-break" style="display:inline-block">July 10, 2018 08:00 AM EST </span></h5></th><th class="expander" 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style="Margin:0;color:#0a0a0a;font-family:Montserrat,Arial,sans-serif;font-size:16px;font-weight:400;line-height:1.3;margin:0;padding:0;text-align:left"> <table class="spacer" style="border-collapse:collapse;border-spacing:0;padding:0;text-align:left;vertical-align:top;width:100%"><tbody><tr style="padding:0;text-align:left;vertical-align:top"><td height="24px" style="-moz-hyphens:auto;-webkit-hyphens:auto;Margin:0;border-collapse:collapse!important;color:#0a0a0a;font-family:Montserrat,Arial,sans-serif;font-size:24px;font-weight:400;hyphens:auto;line-height:24px;margin:0;mso-line-height-rule:exactly;padding:0;text-align:left;vertical-align:top;word-wrap:break-word"> </td></tr></tbody></table> <h1 style="Margin:0;Margin-bottom:10px;color:#4D4E53;font-family:Montserrat,Arial,sans-serif;font-size:20px;font-weight:500;line-height:28px;margin:0;margin-bottom:0;padding:0;text-align:left;word-wrap:normal">Germany Clinches Investment for Huge Lithium Cell Factory</h1> <table class="spacer" style="border-collapse:collapse;border-spacing:0;padding:0;text-align:left;vertical-align:top;width:100%"><tbody><tr style="padding:0;text-align:left;vertical-align:top"><td height="24px" style="-moz-hyphens:auto;-webkit-hyphens:auto;Margin:0;border-collapse:collapse!important;color:#0a0a0a;font-family:Montserrat,Arial,sans-serif;font-size:24px;font-weight:400;hyphens:auto;line-height:24px;margin:0;mso-line-height-rule:exactly;padding:0;text-align:left;vertical-align:top;word-wrap:break-word"> </td></tr></tbody></table> </th><th class="expander" style="Margin:0;color:#0a0a0a;font-family:Montserrat,Arial,sans-serif;font-size:16px;font-weight:400;line-height:1.3;margin:0;padding:0!important;text-align:left;visibility:hidden;width:0"></th></tr></table></th> </tr></tbody></table> <table class="row content" style="background:#fff;border-collapse:collapse;border-spacing:0;display:table;padding:0;position:relative;text-align:left;vertical-align:top;width:100%"><tbody><tr style="padding:0;text-align:left;vertical-align:top"><th class="small-12 large-12 columns first last" style="Margin:0 auto;color:#0a0a0a;font-family:Montserrat,Arial,sans-serif;font-size:16px;font-weight:400;line-height:1.3;margin:0 auto;padding:0;padding-bottom:16px;padding-left:30px;padding-right:30px;text-align:left;width:570px"><table style="border-collapse:collapse;border-spacing:0;padding:0;text-align:left;vertical-align:top;width:100%"><tr style="padding:0;text-align:left;vertical-align:top"><th style="Margin:0;color:#0a0a0a;font-family:Montserrat,Arial,sans-serif;font-size:16px;font-weight:400;line-height:1.3;margin:0;padding:0;text-align:left"> <table class="spacer" style="border-collapse:collapse;border-spacing:0;padding:0;text-align:left;vertical-align:top;width:100%"><tbody><tr style="padding:0;text-align:left;vertical-align:top"><td height="24px" style="-moz-hyphens:auto;-webkit-hyphens:auto;Margin:0;border-collapse:collapse!important;color:#0a0a0a;font-family:Montserrat,Arial,sans-serif;font-size:24px;font-weight:400;hyphens:auto;line-height:24px;margin:0;mso-line-height-rule:exactly;padding:0;text-align:left;vertical-align:top;word-wrap:break-word"> </td></tr></tbody></table><p class="sub-headline" style="Margin:0;Margin-bottom:10px;color:#4D4E53;font-family:Montserrat,Arial,sans-serif;font-size:14px;font-weight:500;line-height:20px;margin:0;margin-bottom:16px;padding:0;text-align:left"><strong>Chancellor Merkel and Premier Xi Jinping present to witness signatures on investment agreement</strong><p><span class="xn-location">BERLIN</span>, <span class="xn-chron">July 10, 2018</span> /PRNewswire/ --</p>
<p>Contemporary Amperex Technology Ltd. (CATL) founder Dr. <span class="xn-person">Robin Zeng</span> and Thuringia's Minister for Economic Affairs <span class="xn-person">Wolfgang Tiefensee</span> signed an investment agreement on Monday, for the set-up of a lithium cell factory in the former eastern German state, under the eyes of German Chancellor <span class="xn-person">Angela Merkel</span> and Chinese Premier Xi Jinping.</p>
<p>CATL's â¬240m investment will result in one of the largest lithium cell factories in <span class="xn-location">Europe</span>, creating some 600 jobs in the region over the next four years. It is the company's first factory outside of <span class="xn-location">China</span>, described by Tiefensee as 'the most important investment in his state for a decade.' Its meaning for <span class="xn-location">Germany</span> is also significant.</p>
<p>"This is the largest-ever Chinese greenfield investment project in <span class="xn-location">Germany</span>," said Dr. <span class="xn-person">Robert Hermann</span>, CEO of federal economic agency Germany Trade & Invest (GTAI), who assisted CATL during the location-finding process.</p>
<p>"We are delighted that CATL has brought its plans for cell and battery production to <span class="xn-location">Germany</span>. <span class="xn-location">Germany</span> is a global leader in the automobile industry and the government is investing heavily in promoting e-mobility."</p>
<p>"There are currently 29 different e-car models from German producers on the market. CATL's decision to settle in <span class="xn-location">Germany</span> not only brings it closer to German and other European carmaker brands, but also to a place where it can take advantage of the well-qualified expert workers and a first-class infrastructure."</p>
<p>"Without significant government support and the efforts of Thuringia's economic development agency, this success could never have been enjoyed."</p>
<p>CATL's investment is not intended to just help the German electromobility industry however. CATL Chairman Dr. Zeng saw opportunities across industry for his company's products and a strategic boost in terms of customer relations.</p>
<p>"Building a smart battery plant in <span class="xn-location">Germany</span> is the first step in turning our European investment plan into reality. Building a production facility in <span class="xn-location">Germany</span> will also deepen the collaboration between the European OEMs and CATL," he said.</p>
<p>"By bringing the most advanced lithium-ion battery technology to <span class="xn-location">Germany</span> and developing the local production capacity, CATL is strengthening its partnerships with customers. CATL is hence able to offer even better product solutions and faster response-times to our customers."</p>
<p> "We can also, as a result of this investment, react faster to customer requirements and offer them significant added value. We hope also that battery production in this area will give the economy and population in the region a boost. CATL is delighted to have been a contributor to the deepening trade and investment ties between <span class="xn-location">China</span> and <span class="xn-location">Germany</span>."</p>
<p>The investment is the largest foreign direct investment project to have gone through GTAI's offices for years. GTAI was involved from the point of location identification, as well as prior involvement with CATL in the opening of offices in <span class="xn-location">Munich</span> in 2014 and the opening of an R&D Facility in <span class="xn-location">Berlin</span> in 2017.</p>
<p>"<span class="xn-location">Germany</span> was in competition with several other European countries for this factory investment when I talked to CATL a couple of years ago," said <span class="xn-person">Markus Hempel</span>, former Director of GTAI's <span class="xn-location">Shanghai</span> office and current e-mobility expert at GTAI.</p>
<p>"But through extensive talks and multiple visits to different locations, we were able to convince the company leadership that <span class="xn-location">Germany</span> was the right place to invest. We are extremely proud."</p>
<p><span class="xn-person">Daniel Stephens</span><br> <a href="mailto:daniel.stephens@gtai.com" rel="nofollow">daniel.stephens@gtai.com</a><br> Tel. +49-30-2000-99-170<br> </p><table class="spacer" style="border-collapse:collapse;border-spacing:0;padding:0;text-align:left;vertical-align:top;width:100%"><tbody><tr style="padding:0;text-align:left;vertical-align:top"><td height="8px" style="-moz-hyphens:auto;-webkit-hyphens:auto;Margin:0;border-collapse:collapse!important;color:#0a0a0a;font-family:Montserrat,Arial,sans-serif;font-size:8px;font-weight:400;hyphens:auto;line-height:8px;margin:0;mso-line-height-rule:exactly;padding:0;text-align:left;vertical-align:top;word-wrap:break-word"> </td></tr></tbody></table> <table class="button medium expand" style="Margin:0 0 16px 0;border-collapse:collapse;border-spacing:0;margin:0 0 16px 0;padding:0;text-align:left;vertical-align:top;width:100%!important"><tr style="padding:0;text-align:left;vertical-align:top"><td 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<p>Contemporary Amperex Technology Ltd. (CATL) founder Dr. <span class="xn-person">Robin Zeng</span> and Thuringia's Minister for Economic Affairs <span class="xn-person">Wolfgang Tiefensee</span> signed an investment agreement on Monday, for the set-up of a lithium cell factory in the former eastern German state, under the eyes of German Chancellor <span class="xn-person">Angela Merkel</span> and Chinese Premier Xi Jinping.</p>
<p>CATL's â¬240m investment will result in one of the largest lithium cell factories in <span class="xn-location">Europe</span>, creating some 600 jobs in the region over the next four years. It is the company's first factory outside of <span class="xn-location">China</span>, described by Tiefensee as 'the most important investment in his state for a decade.' Its meaning for <span class="xn-location">Germany</span> is also significant.</p>
<p>"This is the largest-ever Chinese greenfield investment project in <span class="xn-location">Germany</span>," said Dr. <span class="xn-person">Robert Hermann</span>, CEO of federal economic agency Germany Trade & Invest (GTAI), who assisted CATL during the location-finding process.</p>
<p>"We are delighted that CATL has brought its plans for cell and battery production to <span class="xn-location">Germany</span>. <span class="xn-location">Germany</span> is a global leader in the automobile industry and the government is investing heavily in promoting e-mobility."</p>
<p>"There are currently 29 different e-car models from German producers on the market. CATL's decision to settle in <span class="xn-location">Germany</span> not only brings it closer to German and other European carmaker brands, but also to a place where it can take advantage of the well-qualified expert workers and a first-class infrastructure."</p>
<p>"Without significant government support and the efforts of Thuringia's economic development agency, this success could never have been enjoyed."</p>
<p>CATL's investment is not intended to just help the German electromobility industry however. CATL Chairman Dr. Zeng saw opportunities across industry for his company's products and a strategic boost in terms of customer relations.</p>
<p>"Building a smart battery plant in <span class="xn-location">Germany</span> is the first step in turning our European investment plan into reality. Building a production facility in <span class="xn-location">Germany</span> will also deepen the collaboration between the European OEMs and CATL," he said.</p>
<p>"By bringing the most advanced lithium-ion battery technology to <span class="xn-location">Germany</span> and developing the local production capacity, CATL is strengthening its partnerships with customers. CATL is hence able to offer even better product solutions and faster response-times to our customers."</p>
<p> "We can also, as a result of this investment, react faster to customer requirements and offer them significant added value. We hope also that battery production in this area will give the economy and population in the region a boost. CATL is delighted to have been a contributor to the deepening trade and investment ties between <span class="xn-location">China</span> and <span class="xn-location">Germany</span>."</p>
<p>The investment is the largest foreign direct investment project to have gone through GTAI's offices for years. GTAI was involved from the point of location identification, as well as prior involvement with CATL in the opening of offices in <span class="xn-location">Munich</span> in 2014 and the opening of an R&D Facility in <span class="xn-location">Berlin</span> in 2017.</p>
<p>"<span class="xn-location">Germany</span> was in competition with several other European countries for this factory investment when I talked to CATL a couple of years ago," said <span class="xn-person">Markus Hempel</span>, former Director of GTAI's <span class="xn-location">Shanghai</span> office and current e-mobility expert at GTAI.</p>
<p>"But through extensive talks and multiple visits to different locations, we were able to convince the company leadership that <span class="xn-location">Germany</span> was the right place to invest. We are extremely proud."</p>
<p><span class="xn-person">Daniel Stephens</span><br> <a href="mailto:daniel.stephens@gtai.com" rel="nofollow">daniel.stephens@gtai.com</a><br> Tel. +49-30-2000-99-170<br> </p><table class="spacer" style="border-collapse:collapse;border-spacing:0;padding:0;text-align:left;vertical-align:top;width:100%"><tbody><tr style="padding:0;text-align:left;vertical-align:top"><td height="8px" style="-moz-hyphens:auto;-webkit-hyphens:auto;Margin:0;border-collapse:collapse!important;color:#0a0a0a;font-family:Montserrat,Arial,sans-serif;font-size:8px;font-weight:400;hyphens:auto;line-height:8px;margin:0;mso-line-height-rule:exactly;padding:0;text-align:left;vertical-align:top;word-wrap:break-word"> </td></tr></tbody></table> <table class="button medium expand" style="Margin:0 0 16px 0;border-collapse:collapse;border-spacing:0;margin:0 0 16px 0;padding:0;text-align:left;vertical-align:top;width:100%!important"><tr style="padding:0;text-align:left;vertical-align:top"><td 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