2 Articles
Official
China's CATL aims to raise $2.85 billion for EV battery projects

It would pay for a big expansion in production capacity

CATL , China's top electric vehicle battery maker, said it aims to raise up to 20 billion yuan ($2.85 billion) in a private placement of shares to fund its battery projects and boost working capital. The fundraising will help CATL to expand its battery-making capacity in Fujian, Jiangsu and Sichuan, as well as an energy storage research project, the company said in a filing to the Shenzhen stock exchange late Wednesday. In a separate filing on Wednesday, the battery maker said it pl

Official
Volvo signs billion-dollar EV battery deals with Asia's LG Chem, CATL

Volvo plans to get half its sales from fully electric cars by 2025

Volvo plans to get half its sales from fully electric cars by 2025.