What is the new joint venture approved in China?

China's market regulator has approved the establishment of a joint venture between battery manufacturer CATL and state-owned automaker Chery.

Who are the companies involved in the new joint venture?

The joint venture is between CATL, a battery manufacturer, and Chery, a state-owned automaker.

Has the Chinese market regulator provided details on the CATL-Chery venture?

No, the regulator has not disclosed specific details of the joint venture.

Home / Business and Economy / China Approves CATL-Chery Battery Joint Venture

China Approves CATL-Chery Battery Joint Venture

4 Feb

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Summary

Market regulator unconditionally approved the new joint venture.
CATL, a battery manufacturer, is involved.
State-owned automaker Chery is also a partner.

China Approves CATL-Chery Battery Joint Venture

China's market regulator has granted unconditional approval for the establishment of a new joint venture. The venture involves leading battery manufacturer CATL and the state-owned automaker Chery. This collaboration is set to enhance the competitive landscape of the electric vehicle sector.

While specific details regarding the joint venture's operations and objectives have not been released by the regulator, the approval itself marks a notable step for both CATL and Chery. The partnership is expected to leverage CATL's expertise in battery technology and Chery's automotive manufacturing capabilities.

Disclaimer: This story has been auto-aggregated and auto-summarised by a computer program. This story has not been edited or created by the Feedzop team.