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Akasol IPO to expand battery investments

German battery manufacturer Akasol is preparing for an initial public offering (IPO)— and has its sights set on acquisitions buoyed by “strong growth” in the electric vehicle (EV) market.

The Darmstadt-based company, incorporated just 10 years ago, said its lithium-ion battery systems business has already amassed orders worth EUR1.45 billion ($1.7bn) through to 2024, with clients including Daimler, Alstom, Bombardier and Rolls-Royce Power Systems.

AKASOL

IPO

acquisitions

EV

lithium-ion batteries

germany

CATL ‘gets IPO green light’ for battery investments

China’s securities regulator has reportedly approved a planned CNY13.12 billion ($1.98bn) initial public offering by lithium battery giant, Contemporary Amperex Technology (CATL), to expand its automotive battery business.

The China Securities Regulatory Commission (CSRC) gave CATL’s application the green light on 4 April, the state Xinhua News Agency said.

Contemporary Amperex Technology (CATL)

battery

Lithium-ion

China Securities Regulatory Commission

IPO

china

Investment firm plans multi-million energy storage cash raise

UK-based investment firm Gore Street Energy Storage Fund has unveiled plans to raise GBP100 million ($139m) in an initial public offering to invest in utility-scale energy storage projects.

Gore Street said it would raise funds on the main market of the London Stock Exchange to invest “mainly in the UK”— but would also consider projects in North America and Western Europe.

Gore Street Energy Storage Fund

London Stock Exchange

China lithium material giant eyes expansion IPO

China’s largest lithium compounds producer Ganfeng Lithium is reportedly looking to raise $1 billion from an initial public offering (IPO) in Hong Kong to expand its battery-related businesses.

According to the Financial Times, the IPO would fund new Ganfeng acquisitions and further exploration of lithium resources to secure future supply for the growing electric vehicle market in China.

solid-state lithium batteries

CATL plans $1.98bn IPO for domestic battery sites

Chinese lithium battery giant Contemporary Amperex Technology Co Ltd (CATL) is planning a CNY13.12 billion ($1.98bn) initial public offering to expand its automotive battery business.

CATL said in a Shenzhen Stock Exchange announcement the move will ensure the firm keeps pace with the rapidly-expanding electric vehicle and energy storage markets.

Contemporary Amperex Technology Co Ltd (CATL)