On April 13, Bloomberg, citing people familiar with the matter, reported that Contemporary Amperex Technology Co. Limited (CATL), a leading electric vehicle battery manufacturer, is considering selling shares in Hong Kong to raise up to US$5 billion in funds. The company has made initial contact with several banks to evaluate the placement for fundraising and is also considering issuing convertible corporate bonds. Currently, the relevant plans are still under discussion, and no final decision has been made.
