CATL to invest into premium upstream and downstream enterprises

CATL announced on August 11 that, to meet the company's long-term development goals, advance its globalization strategy and ensure supply of key resources, the company plans to invest into premium upstream and downstream enterprises in China and overseas along the industrial chain; the total investment will be no more than 50% of audited net asset balance at the end of 2019, namely no more than RMB19.Asian Metal CopyrightCATL announced on August 11 that, to meet the company's long-term development goals, advance its globalization strategy and ensure supply of key resources, the company plans to invest into premium upstream and downstream enterprises in China and overseas along the industrial chain; the total investment will be no more than 50% of audited net asset balance at the end of 2019, namely no more than RMB19.Asian Metal Copyright067 billion (USD2.Asian Metal Copyright74 billion this figure not included or equivalent value in other currencies; and the investment will be valid within 12 months after the proposal is approved by this company board meeting.Asian Metal Copyright74 billion) (this figure not included) or equivalent value in other currencies; and the investment will be valid within 12 months after the proposal is approved by this company board meeting.

.Asian Metal Copyright067 billion USD2Asian Metal Copyright