CATL, world’s biggest EV battery maker, seeks blockbuster Hong Kong listing

News Snapshot:

Hong Kong CNN — China’s Contemporary Amperex Technology (CATL), the world’s largest producer of batteries for electric vehicles and a supplier for Tesla, has applied for a listing in Hong Kong, setting sights on one of the city’s largest stock offerings in years. The battery giant expects to raise at least $5 billion, according to Reuters. This would be CATL’s second listing after it raised $6.7 billion in an IPO on China’s Shenzhen exchange in 2022. The battery maker, based in Ningde, Fujian, which also supplies BMW, Volkswagen and Ford among others, first announced its intention to list on the...