EV battery localization faces a capacity-versus-commercialization test

CATL's agreement with Seres includes a planned 10–12 GWh second phase and combined Aito capacity above 20 GWh. REPT BATTERO exports and conditional financing involving Sila, plus defense-linked Amprius activity, show expanding supply-chain commitments, but funding certainty, mass-production timing and sustainable margins remain unresolved.