Chinese Battery Giant CATL Seeks $4 Billion in Hong Kong IPO

Photo by Li Hongbo / CFoto / CFOTO via AFP

Chinese battery giant CATL makes its debut on the Hong Kong stock exchange on Tuesday, with the firm aiming to raise $4 billion in the largest initial public offering (IPO) in the city so far this year.

A global leader in the sector, CATL produces more than a third of all electric vehicle (EV) batteries sold worldwide.

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by Agence France-Presse

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