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Battery Giant CATL Invests in Avatar Technology, Becoming Second-Largest Shareholder
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Battery Giant CATL Invests in Avatar Technology, Becoming Second-Largest Shareholder

Nov 08, 2021
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Battery Giant CATL Invests in Avatar Technology, Becoming Second-Largest Shareholder
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(Source: CATL)

Avatar Technology (Chongqing) Co., Ltd. plans to secure finances worth 2.42 billion yuan ($378 million) with three new investors, including Chinese battery giant CATL, Chongqing Changan Auto Company, Avatar’s parent company, said in a statement. Under the plans, CATL will become the tech company’s second-largest shareholder.

When the deal i…

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