China's CATL looks to raise $9 billion to expand lithium-ion battery production

As the global auto industry accelerates transformation towards electrification, CATL is supplying electric vehicle batteries to a swathe of automakers including Tesla Inc , Volkswagen AG and Geely. It is competing with Japan's Panasonic and South Korean LG Chem.

from Gadgets Now https://ift.tt/2VM5XHq