Chinese battery maker CATL aims to raise at least $5b in Swiss listing

Chinese battery maker CATL aims to raise at least $5b in Swiss listing

FILE PHOTO: The logo of Chinese battery maker CATL is seen among a display of batteries at an exhibition titled "Forging Ahead in the New Era" during an organised media tour ahead of the 20th National Congress of the Communist Party of China, in Beijing, China October 12, 2022. REUTERS/Florence Lo

China’s CATL, the world’s largest battery maker, is planning to raise at least $5 billion by listing global depositary receipts (GDRs) in Switzerland as early as May, according to two sources with direct knowledge of the matter.

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