Local services
CATL, which is building a factory in Debrecen and produces batteries for electric vehicles, has listed on the Hong Kong stock exchange. The company could raise at least $5 billion from investors, making it the world’s largest public offering this year.
According to CNBC, CATL’s listing on the Hong Kong stock exchange was met with great interest, with the shares rising 18 percent on the opening day.
In a document submitted to the Hong Kong stock exchange, the company said that it would use 90 percent of the proceeds to build its factory in Debrecen, the first phase of which is currently under construction, and serial production is planned to start there this year.
Source and photo credit:dehir.hu
