Chinese battery maker CATL invests in electric aircraft developer Autoflight
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FILE PHOTO: People stand at the booth of battery maker CATL during the first China International Supply Chain Expo (CISCE) in Beijing, China November 28, 2023. REUTERS/Florence Lo/File Photo
SHANGHAI (Reuters) - Chinese battery-making giant CATL signed a pact on Saturday to invest several million dollars in Autoflight, the developer of electric aircraft said in a statement.
Both companies will develop batteries for electric aircraft that could fly a longer distance with higher load capacity, Auytoflight added.
(Reporting by Shanghai Newsroom; Editing by Clarence Fernandez)
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