CATL enters electric vehicle manufacturing

Recently, CATL announced that it would invest in the construction of a new SEV smart electric vehicle base in Changsha with an annual production capacity of 500,000 units, with a total investment of 5 billion yuan. The company plans to produce SEV smart electric vehicles with a range of up to 100 kilometers and an estimated price of around 20,000 yuan, which is suitable for a variety of short-distance travel scenarios. In addition, CATL has also entered the field of automobile testing and established cooperative relations with many automobile companies.