CATL and BME Partner to Build 5 GWh Battery Plant in Egypt, Targeting Local Content Rate of 40%

CATL and Egyptian battery company BME have signed an agreement to build a phased battery manufacturing plant in Egypt, aiming for a total capacity of 5 GWh and targeting a local content rate of 40%. The plant will initially focus on batteries for heavy commercial vehicles before expanding to passenger vehicles and energy storage.

This Wire brief sits within Fusion42's coverage of Clean Energy.