Contemporary Amperex Technology Co Ltd, the world's largest battery maker for electric vehicles, more than doubled its profit in the second quarter, despite rising costs of raw materials and supply chains due to the COVID-19 pandemic.
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Contemporary Amperex Technology Co Ltd is mulling accelerated overseas expansion, as the Chinese battery giant is planning at least two locations in Mexico for a manufacturing facility to potentially supply Tesla and Ford Motor.
Battery giant Contemporary Amperex Technology Co Ltd on Thursday unveiled its Qilin battery that boasts the highest utilization efficiency in the world.