CATL’s IPO pops in Hong Kong
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Shares in China’s Contemporary Amperex Technology (CATL), the world’s largest electric vehicle battery maker, have surged as much as 18% on its first day of trading in Hong Kong, shrugging off geopolitical uncertainties.
CATL is foraying into global markets amid growing trade tensions between the U.S. and China, which have sent markets careening over the past several weeks.
CATL has started battery production at another factory in China. The plant is set to become the Group's largest production facility in the country. In the
CATL, a leading EV battery manufacturer, projects electric trucks to comprise 50% of China's truck sales by 2028, leading to significant changes in the automotive and fuel markets.
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With its subsidiary CharGo, Chinese battery maker CATL is accelerating plans to deploy mobile EV charging robots globally. The goal is to secure a 20% share
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France 24 on MSNCATL, China's global battery champion with risk-taker at the helmBEIJING: Chinese battery giant CATL, which soared on its Hong Kong debut Tuesday (May 20), is a domestic success story with a risk-taking founder and global ambitions - but has found itself in the cro