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China s auto exports up 17 4 pct in November - Xinhua
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China steel futures at near one-week high on demand optimism
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China Drives Global Auto Industry Recovery as Sales Top Expectation
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China’s largest battery maker CATL plans to build a US$5 billion Indonesia plant as Widodo extends overture to Elon Musk Daniel Ren in Shanghai ren.wei@scmp.com Workers checking products at Contemporary Amperex Technology’s factory in the Fujian provincial city of Ningde on September 11, 2019. Photo: Xinhua
Contemporary Amperex Technology (CATL), China s largest producer of automobile battery packs, plans to build a US$5 billion plant in Indonesia to establish a beachhead in the world s fourth-most populous nation as electric vehicles gain popularity.
The lithium-ion battery assembly in Indonesia will be the second offshore production line for CATL, based in the Fujian provincial city of Ningde, following its US$2 billion plant in Germany that will supply BMW when it begins production in 2021.
Digital components to play a more important role in overall automotive production in future
Chinese companies should get prepared for the rise in chip demand as cars become smarter, said analysts, after some carmakers experience pandemic-caused chip shortages. It (the shortage of chips for car electronics) is a historical problem, as China relied on imported chips from Europe, the United States, Malaysia, Japan and South Korea, said Yale Zhang, managing director of Shanghai-based consultancy firm Automotive Foresight.
However, the lockdown due to the outbreak of the novel coronavirus interrupted chip production and the transnational transportation to some extent, which cut the supply of chips to the Chinese market.