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. Chinese battery giant CATL raises $6.7 billion stock sale

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