Chinese electric vehicle battery giant CATL is pushing ahead with plans to list in Hong Kong, with banks reportedly vying for a deal expected to raise at least $5 billion.

The designations had immediate effects, with both Tencent and CATL suffering market falls: the former dropped more than 7% in Hong Kong trading, and the latter suffered a roughly 5% stock decline.

About one in three electric cars have a CATL battery under their hood. As the industry’s dominant supplier, it’s little wonder some may feel nervous now CATL is in the spotlight after being ...

Battery maker CATL said in a statement posted on its website that the company “has never engaged in any military-related business or activities" and said the designation would not have adverse ...

CATL accounted for over one-third of global battery shipments in the third quarter of 2024, according to Seoul-based SNE Research, more than double that of runner-up BYD Co.