Tesla EV Battery Supplier CATL's Stock Soars
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Strategists at UBS AG noted that while the overall valuation gap between mainland and Hong Kong markets is expected to persist, select stocks like BYD and China Merchants Bank Co. are attracting a premium due to their perceived quality and appeal among global investors.
Contemporary Amperex Technology Co. Ltd., or CATL, controls more than a third of the global market for EV batteries and is seeking to expand overseas even as it faces political obstacles in the United States.
CATL, which supplies batteries to global automakers such as Tesla, will start taking investor orders from Monday, it said in a Hong Kong exchange filing. The company plans to sell a total of 117.89 million shares for a maximum price of 263.0 Hong Kong ...
Hong Kong-trade shares in CATL ... It supplies automakers like Tesla, Volkswagen, BMW, Mercedes-Benz, Ford, Toyota and Honda. The company has faced pressure from the U.S. In January, the U.S ...