Battery Manufacturing Heavyweight CATL to Bag 58.2 Billion Yuan in Private Placement
Leading Chinese battery maker Contemporary Amperex Technology Co., Limited (CATL) announced on the evening of August 12 that it plans to issue shares to no more than 35 specific investors in a non-public manner, raising a maximum of 58.2 billion yuan ($8.98 billion) to invest in lithium batteries and supplement working cap…
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