Chinese battery giant CATL (300750.SZ) 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.
SHANGHAI :Chinese battery giant CATL said it was planning a private share placement to raise up to 58.2 billion yuan (US$8.98 billion) to fund six projects aimed at boosting its production capacity of lithium-ion batteries.The massive fundraising comes as the Ningdo-based firm - formally Contemporary Amperex
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.
Japan's major oil refiners have recovered from last year's steep losses with all reporting a profit for the April-June quarter, but they continue to face headwinds as COVID-19 cases spiral to record highs in the country's fifth wave of the pandemic.
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