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China

CATL establishes battery manufacturing JV with Xiaomi EV, other companies

According to multiple press releases, Beijing CATL Power Battery Co., Ltd. was officially established on May 17. With a registered capital of CNY 1 billion, it is jointly owned by companies including Xiaomi EV Technology Co., Ltd. (Xiaomi EV) and Contemporary Amperex Technology Co., Ltd. (CATL).
The company is engage....

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