CATL, the leading global manufacturer of electric vehicle batteries, has stated that it will not prioritize investing in struggling Swedish battery maker Northvolt AB.
However, there is a possibility for CATL to assist Northvolt in production-related matters.
Northvolt has been facing challenges and seeking additional funding and support to stabilize its operations.
CATL's focus remains on its own growth and production capabilities, rather than providing financial resources to Northvolt at this time.