The new factory will have capacity of 14 GWhannually, which is more than the 11.84 GWh that CATL sold in 2017.

CATL's sales in 2015 and 2016 was 2.19 GWh and 6.8 GWh.

Full-scale production could suffice for some quarter of a million of long-range electric cars.

The investment through 2022 is to be €240 million ($281 million). The plant is to be located on a 70-hectare site in the industrial area Erfurt Cross.

It's expected that besides BMW, CATL will supply batteries for Daimler and Volkswagen. The list of customers in China is much longer:

BAIC

SAIC

Geely

Changan

GAC

Great Wall

DFM

NIO

Yutong Bus

Zhongtong Bus

King Long Motor

CRRC