CATL to taper private placement to 45 billion yuan for lithium battery projects

CATL on November 15 released its latest plan to raise up to 45 billion yuan (7 billion US dollars) through the issuance of shares.Asian Metal Copyright2 billion yuan 9.Asian Metal Copyright The proceeds from the private placement will be used to advance Fuding Shidai Lithium Battery Production Base Project, Guangdong Ruiqing Shidai Lithium-ion Battery Project (Phase I), Jiangsu Shidai Power and Storage Lithium Battery R&D and Production Project (Phase IV) and other projects.Asian Metal Copyright The proceeds from the private placement will be used to advance Fuding Shidai Lithium Battery Production Base Project, Guangdong Ruiqing Shidai Lithium-ion Battery Project Phase I, Jiangsu Shidai Power and Storage Lithium Battery RD and Production Project Phase IV and other projects.Asian Metal Copyright The company previously announced that it would raise no more than 58.Asian Metal Copyright The proceeds from the private placement will be used to advance Fuding Shidai Lithium Battery Production Base Project, Guangdong Ruiqing Shidai Lithium-ion Battery Project Phase I, Jiangsu Shidai Power and Storage Lithium Battery RD and Production Project Phase IV and other projects.Asian Metal Copyright2 billion yuan (9.Asian Metal Copyright13 billion US dollars via a private placement.Asian Metal Copyright13 billion US dollars) via a private placement.
.Asian Metal Copyright2 billion yuan 9Asian Metal Copyright