Tesla supplier CATL plans to set up a major automotive battery plant in Shanghai

Tesla supplier CATL plans to set up a major automotive battery plant in Shanghai

Photo: Waldemar Brandt / Unsplash.com

China’s CATL is planning a major new automotive battery plant in Shanghai, continuing a blistering pace of expansion that will cement its lead as the world’s No.1 supplier, two people with knowledge of the matter said.