China’s CATL, world’s biggest maker of electric-car batteries, weighs US$5 billion Swiss GDR sale

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China’s CATL, world’s biggest maker of electric-car batteries, weighs US$5 billion Swiss GDR sale - SCMP

Quick Summary:

The world’s biggest maker of batteries for electric cars is seeking to raise at least US$5 billion via a global depositary receipt (GDR) sale in Switzerland, according to a source.

CATL’s market share was about 35 per cent in the first 10 months of last year.

Workers check products at Contemporary Amperex Technology in Ningde, southeast China’s Fujian Province, on September 11, 2019.