CATL aims to raise $2.85B for EV battery programs

CATL, China’s top electric-vehicle battery maker, is seeking to raise up to 20 billion yuan ($2.85 billion) in a private placement of shares to fund expanded battery output in Fujian, Jiangsu and Sichuan, undertake an energy storage research project, and increase working capital.

source https://www.autonews.com/china/catl-aims-raise-285b-ev-battery-programs