(Yicai Global) Aug. 19 -- Contemporary Amperex Technology, the world’s biggest maker of electric vehicle batteries, has agreed to build a number of facilities in Shanghai, including the headquarters of its international business.

CATL will also base its global innovation center, future energy institute, and high-end manufacturing-related projects in Shanghai after signing an agreement with the government of the coastal Chinese city, the Ningde, Fujian province-based company said in a statement yesterday.

Shanghai is home to Tesla’s only vehicle assembly plant outside of the United States. CATL will build its new plant in the same area as Tesla's Gigafactory 3. In June, the pair extended a deal to supply lithium-ion batteries to the US automaker to 2025.

“The resources Shanghai will give to CATL are mostly engineering technology, talent and scientific research capabilities,” Zhu Yulong, a senior engineer in the auto electronics and new energy field, told Yicai Global.

CATL and the Shanghai Municipal People’s Government will also cooperate on the innovation and application of new energy, urban transportation's electrification transformation, and the cultivation of high-end talent in the new energy field.

“CATL doesn't want to position itself as a battery company, instead it aims to become a technology company able to dominate modern manufacturing.” Zhang said.

The head of manufacturing at the company, Ni Jun, was appointed as the first dean of Shanghai Jiao Tong University’s Future Technology Institute today. The new institute launched majors in sustainable energy and health technology to develop talent in these frontier sciences.

By 2025, CATL’s battery capacity will make up 30 percent of the global total, up to more than 600 gigawatt hours from 200 GWh this year, according to analysts at China International Capital Corporation.

Shares of CATL [SHE:300750] finished 1.6 percent higher today at CNY503 (USD77.46) apiece, giving the company a market capitalization of CNY1.12 trillion (USD172.5 billion).

Editors: Zhang Yushuo, Futura Costaglione