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Lithium-ion battery giant CATL raises almost $3billion through private share placement

Fri, 07/31/2020 - 14:38 -- Paul Crompton

China lithium-ion battery giant Contemporary Amperax Technology (CATL) has closed a funding round that attracted 19.7 billion yuan ($2.8 billion) from nine investors.

The round saw cash pour in from banking giants UBS (1.1 billion yuan, $157 million) and JPMorgan Chase & Co. (1.5 billion yuan, $215 million), and a subsidiary of Japanese automaker Honda Motor— according to Chinese media group Caixin.

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