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Chinese Battery Giant CATL Raises $6.7 Billion in Share Sale

Tesla Inc. battery provider Contemporary Amperex Technology raised about $6.7 billion in one of many world’s greatest share gross sales this yr, displaying the relative resilience of China’s marketplace for inventory choices.

The deal additionally displays continued investor urge for food for some new-energy-related investments—at the same time as share costs for a lot of U.S.-listed electric-vehicle producers have tumbled in current months.

Related Topics:300750.SZ acquisitions Acquisitions/Mergers/Shareholdings Alternative Fuel Vehicles Automotive banking Banking/Credit basic materials Basic Materials/Resources Batteries Battery Billion C&E Industry News Filter CATL Chinese CN:300750 Commercial Banking Contemporary Amperex Technology Content Types corporate Corporate Actions Corporate Changes Corporate Funding Corporate/Industrial News credit Factiva Filters Financial Services general news Giant Industrial Electronics Industrial Goods industrial news Initial Public Offerings mergers Motor Vehicles Non-ferrous Metals Ownership Changes political Political/General News Primary Metals raises resources Sale Share Share Capital shareholdings Stock Listings SYND Tech Technology WSJ-PRO-WSJ.com

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