Chinese Battery Giant CATL Raises $6.7 Billion in Share Sale
Tesla Inc. battery supplier Contemporary Amperex Technology raised about $6.7 billion in one of the world’s biggest share sales this year, showing the relative resilience of China’s market for stock offerings.
The deal also reflects continued investor appetite for some new-energy-related investments—even as share prices for many U.S.-listed electric-vehicle manufacturers have tumbled in recent months.
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