At the end of last week CATL unveiled its brand new battery production base situated in Guian New District, located in the picturesque southwest region of China’s Guizhou province. The 0.95 square kilometer facility already has its first phase operational. This first stage, sprawling over about 590,000 square meters, received a hefty investment of around RMB 7 billion (€895 million). It has a production line, with an astounding 95% automation rate. This facility is churning out one cell every second, and it can assemble a full battery pack in a mere 2.5 minutes. The production… More…