Reuters: China’s CATL looks to raise $9 bln to expand lithium-ion battery production
Fri August, 2021, Age: 2 years
Chinese battery giant CATL said it was planning a private share placement to raise up to 58.2 billion yuan ($8.98 billion) to fund six projects aimed at boosting its production capacity of lithium-ion batteries. It will also be used to build several battery factories and to develop battery technologies for energy storage facilities.
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