China's battery giant, CATL, plans a major investment of $4.4 billion to establish a subsidiary dedicated to mining and expanding mineral assets. This strategic move is part of their long-term goal to secure the supply chain for the global electric vehicle and energy storage markets.

Contemporary Amperex Technology Ltd (CATL), China’s electric vehicle (EV) battery king, plans to earmark 30 billion yuan (US$4.4 billion) to establish a subsidiary to manage and expand mining assets, after the global energy shock paved the way for a quicker entry into the world’s automotive and energy storage system (ESS) markets. The investment arm, in line with CATL’s long-term growth strategy, would integrate existing mining assets, pursue high-quality mineral projects at home and abroad, and...