Chinese EV-Battery Giant Files for Hong Kong IPO

What’s new: One of China’s largest electric vehicle (EV) battery makers, CALB Co. Ltd., has filed for an IPO in Hong Kong, a move that could capitalize on investor interest after China’s new-energy vehicle sales more than doubled in 2021.

The Jiangsu province-based company did not specify a timetable or how much it aims to raise, but said that it plans to use the IPO proceeds to buy equipment and build plants as well as for trial production, according to its preliminary prospectus published on Friday.