Chinese battery maker CATL to acquire Canada's Millennial Lithium

Chinese battery maker CATL to acquire Canada's Millennial Lithium

An Apple MacBook Lithium-Ion-Battery. Photo: Mika Baumeister/Unsplash

Canada’s Millennial Lithium Corp said late Tuesday Chinese battery maker Contemporary Amperex Technology Co Ltd (CATL) has agreed to buy the miner for C$376.8 million ($297.3 million), after outbidding compatriot Ganfeng Lithium.