Cheri Automobile wins investment from CATL due to respective EV-related motivations

Digitimes
By Adam HwangDec 25, 2022, 11:00 pm218 pts
While China-based automaker Cheri Automobile has won investment from Contemporary Amperex Technology (CATL), the largest China-based lithium battery maker, for a 3.73% stake, Cheri's invitation of CATL as a new shareholder was driven by the desire to enhance competitiveness in the Chinese electric vehicle (EV)…

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