Business

Chinese battery giant CATL raises $6.7 billion stock sale

Tesla Inc. battery supplier Modern Amperex technology has raised about $6.7 billion in one of the world’s largest stock sales this year, showing the relative resilience of China’s stock offering market.

The deal also reflects investors’ continued appetite for new energy-related investments — even as share prices of many US-listed electric-vehicle makers have fallen in recent months.

https://www.wsj.com/articles/chinese-battery-giant-catl-raises-6-7-billion-in-share-sale-11655977055?mod=rss_markets_main Chinese battery giant CATL raises $6.7 billion stock sale

Luke Plunkett

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