Thursday, February 27, 2020

CATL aims to raise $2.85B for EV battery programs

CATL, China's top electric-vehicle battery maker, is seeking to raise up to 20 billion yuan ($2.85 billion) in a private placement of shares to fund expanded battery output in Fujian, Jiangsu and Sichuan, undertake an energy storage research project, and increase working capital.



from Section Page News - Automotive News https://ift.tt/38anwlb

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