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Bloomberg reported on July 18th that according to sources, CATL (Contemporary Amperex Technology Co. Ltd.) is considering investing $5 billion (approximately RMB 33.7 billion) to establish two or more factories in Mexico to supply power batteries to Tesla and Ford.

On the afternoon of May 17th, the Seminar on Environmental Emissions in the Industrial Vehicle Industry, organized by the Industrial Vehicle Branch of China Construction Machinery Industry Association (referred to as the Branch), was held via an online video conference. Song Jinyun, Deputy Director of the Association's Standard and Regulatory Department, Teng Qi, Director of the Non-Road Compliance Management Department of the Motor Vehicle Emissions Monitoring Center of the Ministry of Ecology and Environment, Liu Shunli, Director of the Jinan Automotive Inspection Center, representatives from Henan Jiachen Intelligent Control Co., Ltd. and China National Machinery Industry Complete Sets Corporation, as well as 68 companies in the industry, including a total of 217 user IDs, participated in the meeting. The conference was chaired by Zhang Jie, Secretary-General of the Branch.

Translation: In the global zero-carbon transition wave, as the intersection of energy and transportation, the strategic importance of power batteries is constantly highlighted. In this context, the competition in the field of power batteries has not only become a comparison between individual companies, but has also escalated into a strategic game and power struggle among major economies.