The batteries will have greater energy density and perform better than lithium-ion phosphate batteries, the company's chairman said

China's securities regulator has questioned why the battery maker needs so much capital after it raised $6.56 billion in a domestic share placement last year

Xi Jinping’s comment that he was “both pleased and concerned” about CATL’s EV battery market dominance has prompted industry executives to brace for government scrutiny

The Chinese auto firm says the plant will be able to produce 40-gigawatt hours (GWh) of batteries annually

The global depositary receipts listing could even see CATL raise $8 billion if market conditions improve over the next couple of months

CATL said the construction of the $7.6 billion plant in Hungary, to supply Mercedes, BMW and VW, will be its biggest overseas investment