Tesla supplier CATL, world’s leading battery maker
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Shares in China’s Contemporary Amperex Technology (CATL), the world’s largest electric vehicle battery maker, have surged as much as 18% on its first day of trading in Hong Kong, shrugging off geopolitical uncertainties.
Contemporary Amperex Technology Co. Ltd., or CATL, controls more than a third of the global market for EV batteries and is seeking to expand overseas even as it faces political obstacles in the United States.
CATL, which supplies batteries to global automakers such as Tesla, will start taking investor orders from Monday, it said in a Hong Kong exchange filing. The company plans to sell a total of 117.89 million shares for a maximum price of 263.0 Hong Kong ...
European and Asian stocks closed higher on Tuesday while Wall Street was trading slightly lower, without any major economic data to set a firm direction.
U.S. stock futures point mostly lower, Home Depot says it plans to "generally maintain" pricing levels amid tariffs, and Tesla EV battery supplier CATL's stock soars in its Hong Kong trading debut. Here's what investors need to know today.
US stock indexes are drifting lower on Tuesday, as momentum slows for Wall Street after it rallied from a deep hole nearly all the way back to its all-time high set earlier this year.