World’s largest EV battery maker joins $39 million Egyptian factory targeting fivefold capacity increase
The Chinese company responsible for almost four in every 10 electric-vehicle batteries installed worldwide is entering Egyptian manufacturing through a planned $39 million factory serving vehicles and renewable-energy projects.
By Ayodeji AdegboyegaSouth Africa
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CATL supplied 39.9% of EV batteries installed worldwide during the first seven months of 2026, according to SNE Research data. Lin Shanchuan/Xinhua/Getty Images
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About this article
- Length
- 23 words · 1 min read
- Published
- September 14, 2026
- Byline
- Ayodeji Adegboyega
- Source
- Business Insider