Power battery enterprises are a key link in the new energy vehicle (NEV) industry chain. However, studies analyzing the investment layout of power battery enterprises from a micro perspective are relatively scarce. This study takes Contemporary Amperex Technology Co. Limited (CATL) as a case and employs various spatial analysis methods and an optimal parameter-based geographical detector (OPGD) to analyze the spatiotemporal evolution and driving mechanisms of its investment layout from 2020 to 2024. The results indicate that CATL’s investment center has shifted from Jiangxi to Hubei, and the spatial expansion axis has changed from a northwest–southeast to a southwest–northeast direction. The investment layout has evolved from a “one core with two secondary cores” structure to a “provincial dual core, multi-core outside the province” structure and, ultimately, to a nationwide networked pattern. By 2024, CATL’s investment network covered the southeastern coast, the Yangtze River Delta (YRD), the Pearl River Delta (PRD), central China, and southwestern regions. County-level spatial autocorrelation analysis shows that the investment agglomeration effect has continuously strengthened (with the global Moran’s I increasing from 0.006 to 0.025). High–high agglomeration areas gradually expanded from the southeastern coast to Xiamen and several provinces in central and western China, while high–low agglomeration areas, as early signals of investment diffusion, initially expanded and then contracted. The driving mechanism analysis reveals that fiscal support (q = 0.668), industrial structure upgrading (q = 0.585), tax burden (q = 0.543), and economic development (q = 0.536) are the primary factors driving investment layout, with significant synergistic effects between these factors. The synergy between industrial structure upgrading and clean energy supply stands out as particularly prominent. These findings contribute to optimizing the spatial layout of the NEV industry and promoting regional economic development.
Zeng et al. (Sun,) studied this question.