Tesla supplier CATL considers sites across North America for $5bn battery facility 

Ningde, China. July 8, 2021. Workplace of Contemporary Amperex Technology HQ. Shutterstock
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Updated 20 March 2022
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Tesla supplier CATL considers sites across North America for $5bn battery facility 

  • The plant will employ as much as 10,000 workers

RIYADH: Chinese battery manufacturer and technology company Contemporary Amperex Technology Co. Ltd., or CATL, is contemplating new sites across North America for a potential $5 billion facility, according to Bloomberg.

This comes amid global strategic push into electric vehicle, or EV push, in an attempt to slash carbon emissions.

The world’s biggest manufacturer of batteries for electric vehicles is planning for the plant to have a production capacity of 80 GW hours of batteries annually to cater to customers including Tesla Inc.

The plant will employ as much as 10,000 workers, Bloomberg reported, citing people familiar with the matter.

The company fears limitations regarding availability of labor and other trade issues in the US and Canada.

However, having a plant in the North American region will help the manufacturer to curb trade tariffs while supplying customers.

CATL has an estimated 30 percent of the global EV battery market.


Saudi Arabia nears 2030 tourism target as visitor numbers hit 122m in 2025

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Saudi Arabia nears 2030 tourism target as visitor numbers hit 122m in 2025

JEDDAH: Saudi Arabia is getting closer to its 2030 tourism target after it welcomed an estimated 122 million visitors in 2025, a 5 percent annual increase, according to preliminary official data.

The milestone marks a significant step toward Vision 2030’s target of 150 million annual visitors. It comes as total tourism spending reached an estimated SR300 billion ($81 billion), up 6 percent from 2024, underscoring the sector’s growing economic impact, according to the Ministry of Tourism.

The development reflects strategic investments in global destination projects, visa reforms, and expanded hospitality infrastructure that underpin Vision 2030’s drive to diversify the economy and position the Kingdom as a leading tourism hub.

The Minister of Tourism Ahmed Al-Khateeb highlighted the achievement on X, thanking Saudi Arabia’s leadership for their support, which he said “delivered another year of record performance and sustained growth.”

He added: “These preliminary figures, unveiled at WEF26 (World Economic Forum 2026), underscore a clear reality: Saudi tourism is no longer an emerging story. It is a growth engine, building investor confidence, shaping global demand, and unlocking long-term opportunity at scale.”

In 2024, the Kingdom welcomed 116 million tourists, exceeding its annual visitor target for the second consecutive year, according to the Ministry of Tourism’s statistical report released in June. 

The total comprised 29.7 million inbound visitors, marking an 8 percent year-on-year increase, and 86.2 million domestic trips, up 5 percent from 2023.

After surpassing its original 100 million visitor target six years ahead of schedule in 2023, the Kingdom revised its tourism ambitions, setting a new goal of 150 million annual tourists by 2030, including 70 million international visitors and 80 million domestic tourists.

Tourism currently accounts for 18 percent of global gross domestic product and 5 percent of the Kingdom’s GDP, Minister Al-Khateeb said, according to the Saudi Press Agency.

Speaking at a session titled “AI and the Future of Tourism” during the ninth Future Investment Initiative conference in October, Al-Khateeb said: “We aspire to double that figure within the next five years, which will represent 10 percent of total jobs.”

The minister highlighted the rapid transformation of the Kingdom’s tourism landscape, driven by the expansion of new segments such as entertainment, sports, culture, and conferences, events, and exhibitions.