Contemporary Amperex Technology Co. Ltd., a major manufacturer of batteries in electric vehicles, has risen to Shenzhen sales after setting the world’s largest stock price this year. The Chinese company, known as CATL, sold 109.76 million shares for 410 yuan each, raising 45 billion yuan ($ 6.7 billion) in the A-share secret area, the statement said of Wednesday. Companies that benefit from electric car improvements have found markets to sell billions of shares in recent months. BYD Co., which makes both EVs and batteries, collected $ 1.8 billion in a Hong Kong share donation in October.
Chinese battery operator Contemporary Amperex Technology Co Ltd (CATL) has supplied electric car batteries (EV) to South Korea’s Kia Corp, a CATL spokesman told Reuters on Thursday.A South Korean car company, owned by Hyundai Motor Co, has selected batteries from CATL to install an electric Niro crossover SUV in an effort to expand its battery suppliers, a South Korean newspaper reported on Wednesday.
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