Tesla EV Battery Supplier CATL's Stock Soars
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Key Tesla supplier CATL rose 13% in its Hong Kong trading debut on Tuesday morning. The world's largest battery maker filed to go public in Hong Kong earlier this year, primarily to fund its European expansion.
Contemporary Amperex Technology Co. Ltd. jumped in its Hong Kong trading debut after the Chinese battery giant wrapped up the world’s biggest listing this year by raising HK$35.7 billion ($4.6 billion) despite being blacklisted by the Pentagon and grinding through geopolitical storms.
Shares of CATL, a key supplier to Tesla Inc (NASDAQ: TSLA ), surged over 9% in early trading, building on Tuesday’s impressive 16% jump, which marked one of the strongest debuts for a major listing in recent years. The rally reflects strong investor confidence in CATL’s global expansion plans and its dominant position in the EV battery market.
Investment banks managing Tesla (NASDAQ: TSLA) battery supplier CATL's IPO, the world's largest listing of 2025, are set to earn underwriting fees that fall below the industry standard.
Panasonic Holdings Corp (OTC:PCRFF) expects to book 130 billion Japanese Yen ($895 million) in restructuring charges for fiscal 2026 as it intensifies its focus on its core competencies. In the current fiscal year,
Japanese electronics giant Panasonic, Tesla’s (TSLA) original battery supplier and one of its largest, announced today that it will lay off almost 5% of its workforce: 5,000 workers domestically and 5,
Tesla Inc. supplier Solus Advanced Materials Co. failed to convince an East Texas federal judge to transfer or pause SK nexilis Co.’s patent infringement suit over the sale of copper foils to electric vehicle automakers.