Report: CATL Slows Its Battery Investment Plans In US/Mexico

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Report: CATL Slows Its Battery Investment Plans In US/Mexico via insideevs.com

' unofficial sources say that CATL slowed down preparations for the investment in North America due to the IRA's restrictions on sourcing EV battery materials, which are expected to significantly increase costs.

According to the report, this change prompted the company to at least double-check its business plan:

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