3750.HK is trading 5% up at $740.00 after CATL and Ford launched production at a new lithium iron phosphate (LFP) battery plant in Michigan, marking the first such facility in the US.
- The Ford-owned plant operates under a technical licensing agreement with CATL, utilizing the company's technology leadership to power Ford's next-generation electric vehicles.
- The move reinforces CATL’s global expansion strategy and solidifies its long-term role as a critical partner in the US automotive supply chain.