Tesla Battery Supplier CATL Seeks Site for Mexico Plant: Report
China-based Contemporary Amperex Technology Co. (CATL) is expanding its reach with its electric vehicle (EV) battery production plans, with another new North American plant set to be built.
CATL is evaluating at least two sites for a potential EV battery plant in Mexico, according to sources who asked not to be identified in a report from Bloomberg.
Currently, CATL is considering sites in Ciudad Juarez, Chihuahua, and Saltillo, Coahuila, according to the sources.
Both locations are near the Texas border, and CATL may be looking to supply both Tesla and Ford from the upcoming factory, along with other automakers.
Texas has also recently complicated shipping with a move from Governor Greg Abbott to crack down on immigration and drug trafficking across the border.
Tesla Supplier CATL Sees Shares Drop After Earnings Loss https://t.co/Mvlqi5m7Ie
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In one analysis, however, the move toward shipping evaluation at the border has cost the state economy over $4 billion in lost output — primarily due to bridge blockades and shipping delays.
The Ningde, China-based company is also considering a second North American battery plant in the U.S., set to cost around $5 billion.