Disputes, Employee Misconduct Rattle Centerview’s Silicon Valley DreamsRead more

Briefing
asia

Chinese Battery Giant CATL to Raise $9 Billion to Boost Capacity

By
Wayne Ma
· · Source: The Information

CATL, the Chinese lithium battery giant that counts Tesla and other electric vehicle makers as its customers, plans to raise as much as $9 billion in a private share placement to expand its battery production, it said in a statement. The company said it would be used to build new capacity and for research and development. CATL is one of the world’s largest makers of electric vehicle...

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