World’s Biggest Electric-Car Battery Firm Stays Juiced
People visit electric-car battery manufacturer CATL’s booth in the southern city of Shenzhen on Nov. 12. Photo: IC
* CATL’s stock closes up 10% at 39.82 yuan a share on Tuesday, pushing up its valuation to $12.3 billion
* The company also announced an investment in Byton, one of China’s fastest growing electric-car startups
(Beijing) — Contemporary Amperex Technology Co. Ltd. (CATL) — the world’s largest manufacturer of electric-car batteries — saw its stock rise by the daily limit for a second day Tuesday, after its Monday listing was granted relatively speedy approval.
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