Contemporary Amperex Technology Co., Limited (CATL) entered a strategic partnership and investment deal with New Zealand-based CarbonScape. CarbonScape produces battery-grade biographite from forestry by-products.
The collaboration aims to establish localized supply chains for automakers in the U.S. and Europe. CATL will serve as the primary industrialization partner, providing mass production expertise and global market reach.
Reports indicate CATL acquired a 20% stake and a seat on CarbonScape’s board. Official financial terms remain undisclosed.
Initial efforts will focus on validating the technology at CATL facilities. The partners aim to launch commercial biographite production by 2030.
Graphite represents the largest material component in lithium-ion batteries. This investment addresses the significant global demand for sustainable battery materials.