CATL raises US$ 2.8 billion from UBS, JP Morgan, Honda

Posted: July 24, 2020

 

China-based electric vehicle battery manufacturer CATL has raised nearly US$2.8 billion from nine investors including UBS, JP Morgan and a Honda subsidiary in a deal worth over three times the funds raised with its IPO a couple of years ago. The proceeds will be directed at expanding production capacity and research and development activities.

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