Bank of England Keeps Interest Rates Unchanged, CATL Plans 1.4 Billion Investment to Expand Lithium Carbonate Production

At its sixth consecutive meeting, the Bank of England kept its policy rate unchanged at 3.75% and announced the cancellation of its plan to sell long-term government bonds. CATL plans to invest RMB 1.4 billion to build a new lithium carbonate production project in Ya'an with an annual capacity of 40,000 tons, while Huawei unveiled a brand-new computing architecture.