The world’s biggest maker of electric-vehicle batteries, China’s Contemporary Amperex Technology Co. Ltd., is considering a third factory in Europe, the company’s president in the region, Matthias Zentgraf, said.
“We are thinking about this, but currently there is no clear decision or activity,” Zentgraf told Bloomberg News in an interview, saying internal discussions are already underway.
The company last month announced plans to build a second European plant in Hungary, investing 7.3 billion euros ($7.2 billion) in partnership with Mercedes-Benz.
The facility has a planned output of 100 gigawatt hours and will also supply Volkswagen Group, BMW and Stellantis.
CATL expects it to be ready within five years.
“We will not build a third plant if there is no prospect for the demand volume,” Zentgraf said in a video call from the IAA Transportation conference in Hanover, Germany.