The largest EV battery manufacturer in the world to collect at least $ 4 billion

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The largest EV battery manufacturer in the world to collect at least $ 4 billion

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Chinese electric vehicle battery maker catl said it would collect at least $ 4 billion in what should be the biggest list in Hong Kong this year.

The actions of the company will be evaluated this week and Start to exchange On May 20, according to a prospectus filed on Monday with the Hong Kong Stock Exchange.

The Chinese oil company Sinopec and Sovereign Fund Kuwait Investment Authority lead a group of more than 20 cornerstors of cornerstones.

CATL, which already has actions listed on the Shenzhen Stock Exchange in China, is the world's largest producer of batteries for electric vehicles and energy storage systems.

The company developed quickly on the back of the China boom and embarked on an ambitious global expansion plan, in particular by building battery factories in Europe and in license technology for American car manufacturers.

However, CATL was the subject of a meticulous examination of Washington on fears of national security and there is an uncertainty about its long -term access to the American market in the midst of trade tensions between Beijing and Washington.

Monday's file came when the United States said it had made “substantial progress” over two days of commercial talks with Chinese officials in Geneva, a sign that the two largest economies in the world could defuse their trade war.

It's a story in development

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