CATL raises nearly €4.3 billion in Hong Kong share sale
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CATL has raised nearly €4.3 billion in a share sale on the Hong Kong Stock Exchange, following its IPO last year. The funds will be used for global production expansion and R&D, including new factories in Europe and Indonesia. The share placement price was set at 628.20 Hong Kong dollars, below the market closing price. CATL's stock has surged 157% since its IPO, driven by rising demand for clean energy stocks. The company also reported a significant profit increase and unveiled battery innovations, enhancing investor confidence.
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