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25 Apr
09:30

CATL to invest another CNY 4 billion in Indonesia

Chinese battery giant CATL says its holding subsidiary Ningbo Contemporary Brunp Lygend will raise another CNY 4 billion ($578.47 million) through its shareholders in order to ensure the successful implementation of its power battery industrial chain project in Indonesia, Kallanish learns. The registered capital of Ningbo Contemporary Brunp Lygend will reach about CNY 6.67 billion after this capital increase.  CATL says it will help promote the on-time const…
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