Why Europe has become CATL’s next big bet

CATL, the world’s largest maker of electric vehicle batteries, is doubling down on Europe after raising $5 billion in Hong Kong, with US restrictions effectively shutting it out and as China’s domestic market grapples with oversupply. The strategic pivot underscores how critical Europe has become, despite rising regulatory hurdles. Korean battery-makers also have their eyes locked on Europe, where EV demand is showing signs of a gradual rebound — unlike the slower recovery in the US. As both sid

By The Korea Herald