CATL Invests in New Zealand Company Developing Wood-Based Graphite for EV Batteries

Leading battery manufacturer CATL is backing Wellington, New Zealand-based CarbonScape, a company that has developed a sustainable method to produce graphite from wood. This partnership aims to secure a more environmentally friendly and ethically sourced supply chain for a critical component in electric vehicle batteries, reducing reliance on traditional mining. The collaboration could pave the way for greener battery production worldwide.