CATL jointly invested 5 billion yuan to build a new SEV smart electric vehicle base with an annual output of 500,000 units

Recently, Contemporary Amperex Technology Co., Ltd., Jiaxing Qianji Fund Investment Co., Ltd. and others jointly invested 5 billion yuan to build a new SEV smart electric vehicle base with an annual output of 500,000 units in Ningxiang High-tech Zone. The project will use the motor technology of the Contemporary Amperex Technology Co., Ltd. According to Lu Youwen, general manager of the Contemporary Amperex Technology Co., Ltd., the SEV smart electric vehicle is expected to have a range of up to 100 kilometers when fully charged, and the initial price is expected to be around 20,000 yuan, which is suitable for a variety of short-distance application scenarios such as commuting, travel, and outings.