Chinese battery large Contemporary Amperex Technology Co Ltd (CATL) is planning a $2 billion IPO in Shenzhen. The agency was aiming for the IPO to be accomplished by the top of June 2018. CATL plans to make use of the funds from the IPO to construct two new battery vegetation, together with an enormous 24 gigawatt hour (GWh) facility, that might assist to massively enhance its output. The firm competes with Japan’s Panasonic Corp, South Korea’s LG Chem Ltd, native rival BYD and Tesla Motor Inc. CATL held 10.5 % of the worldwide electric-vehicle (EV) battery market in 2016, behind solely BYD and

This article sources data from NextBigFuture.com