BEST Magazine 17 September 2026

CATL–Geely joint venture wins approval for Chongqing battery plant acquisition

Why It Matters for ITAD

This regulatory development could affect compliance requirements for ITAD operators. Market movements like this can signal shifts in demand for ITAD services.

China’s competition regulator has approved plans for CATL and Geely subsidiary Zeekr’s battery joint venture to acquire Chongqing Yaoning New Energy Technology (Yaoning), which is building an 18GWh-a-year battery plant in Chongqing. Yaoning is presently wholly owned by Geely. The State Administration for Market Regulation approved the Yaoning equity acquisition without conditions on 3 September,…