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CATL and GAC invest CNY 4.2 billion to construct power battery plant

CATL announced that its board of directors has approved the company’s power battery plant construction project by a CATL-GAC power battery joint venture. The battery plant has an investment of CNY 4.226 billion and a construction period of about 24 months, covering a site of approximately 400 mu (about 66 acres) in G....

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