Contemporary Amperex Technology Co Ltd
Tesla inks first deal to build China’s largest grid-scale battery power plant
Tesla has inked its first deal to build a grid-scale battery power plant in China amid a strained trading relationship between Beijing and Washington. The U.S. company posted on the Chinese social media service Weibo that the project would be the largest of its kind in China when completed. Utility-scale battery energy storage systems help […]
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CNBC’s The China Connection newsletter: A fragile truce as tempers flare
Containers pile up at Taicang Port Container Terminal in Suzhou City, Jiangsu Province, China, on May 18, 2025. Nurphoto | Nurphoto | Getty Images This report is from this week’s CNBC’s The China Connection newsletter, which brings you insights and analysis on what’s driving the world’s second-largest economy. Each week, we’ll explore the biggest business […]
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China’s CATL to raise at least $4 billion in Hong Kong listing
People visit the booth of battery manufacturer CATL, at the Beijing International Automotive Exhibition, or Auto China 2024, in Beijing, China, April 25, 2024. Tingshu Wang | Reuters Chinese battery manufacturer CATL aims to raise at least HK$31.01 billion ($3.99 billion) in its Hong Kong listing, according to its prospectus filed on Monday, the largest new share […]
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CATL likely to offer less than 10% discount for $5 billion Hong Kong listing: Reuters
CATL booth is seen during the 21st Shanghai International Automobile Industry Exhibition (Auto Shanghai 2025) at the National Exhibition and Convention Center (Shanghai) on April 26, 2025 in Shanghai, China. Vcg | Visual China Group | Getty Images Prospective investors in Chinese battery giant CATL’s Hong Kong listing to raise about $5 billion have been told […]
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China’s CATL claims to beat BYD’s EV battery record with longer range on a 5-minute charge
A CATL sign stands outside its research and development hub and the Chinese battery maker’s headquarters in Ningde, Fujian province, China November 8, 2024. Kevin Krolicki | Reuters China’s CATL, the world’s largest supplier of EV batteries, announced a set of new incoming products Monday, including a battery it claims has set a “new global […]
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Chinese battery giant CATL posts annual revenue drop ahead of Hong Kong listing
Chinese battery giant Contemporary Amperex Technology (CATL), pictured here on April 2, 2020, broke ground on its first overseas factory in Germany in late 2019 and plans to add up to 2,000 jobs there by 2025. Martin Schutt | picture alliance | Getty Images China’s Contemporary Amperex Technology posted a 9.7% drop in annual revenue, […]
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CNBC Daily Open: The AI sector still has legs to run
Nvidia CEO Jensen Huang delivers a keynote address at the Consumer Electronics Show in Las Vegas, Nevada, on Jan. 6, 2025. Patrick T. Fallon | Afp | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, […]
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Shares of Tencent fall over 5% in Hong Kong after U.S. designates it as a Chinese military company
Jonathan Raa | Nurphoto | Getty Images Shares of Chinese tech heavyweight Tencent Holdings tumbled 5.4% in Hong Kong after the company was added to a list of “Chinese military companies” by the U.S. Department of Defense. The move follows a near 8% fall in Tencent’s U.S. depository receipts on Wall Street. Other Chinese companies […]
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Asia-Pacific markets rise after tech rally lifts Wall Street higher
Workers are processing chips at a workshop of an optoelectronic technology company in Huai’an, China, on May 11, 2024. Costfoto | Nurphoto | Getty Images Japan’s Nikkei 225 rebounded after leading losses in Asia on Monday, climbing 0.77%, while the broad-based Topix gained 0.45%. South Korea’s Kospi advanced 0.97%, with chip heavyweights Samsung Electronics and […]
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