World's Largest Ev Battery Manufacturer Gets Okay For $2 Billion Ipo

Trusting the fellowship (via the FT) on the "World's Largest" claim. From the Financial Times, March 13:
China’s CATL says it is straightaway world’s largest EV battery supplier

China’s electrical auto battery maker CATL says it has cash inwards one's chips the largest inwards the basis as well as is straightaway supplying auto companies including BMW as well as Volkswagen. The company, which is almost to heighten $2bn through a listing inwards Shenzhen, said it had risen from a top-three supplier to publish i amongst 12GWh of sales terminal year, according to an IPO prospectus. That puts it ahead of Panasonic, which sold 10GWh terminal year, it said. Ningde-based CATL also said it is working amongst Chinese electric-car start-up Nio, whose investors include pinnacle tech companies Tencent, JD.com as well as Baidu...MORE 

And Caixin Global Apr 4:
Battery Maker CATL Gets Green Light for $2.1 Billion IPO

China’s largest electric-car battery-maker, Contemporary Amperex Technology Co. (CATL), won regulatory blessing on Midweek for its 13.1 billion yuan ($2.1 billion) initial world offering.

The IPO would value the fellowship at $20.8 billion, making CATL the largest fellowship on the ChiNext board inwards Shenzhen.

The blessing took 5 months. That’s a lot faster than the stride of most applicants, as well as underscores China’s efforts to attract to a greater extent than tech listings to its domestic market.

Influenza A virus subtype H5N1 mortal approximately CATL told Caixin terminal calendar month that the fellowship planned to debut inwards the center of this year, only the listing may come upward sooner due to the speedy regulatory review.

The fellowship plans to final result 217 meg shares, or no less than 10% of its full shares, to heighten 13.1 billion yuan. According to CATL’s prospectus, the fellowship plans to role the funds to ready a battery-cell constitute minute entirely inwards size to Tesla Inc.’s Gigafactory inwards the U.S....MORE

I mean value I know where CATL volition survive sourcing their cobalt adjacent twelvemonth only where is Tesla/Panasonic going to instruct theirs? And Samsung, which Tesla used inwards the large Australian battery?
This CATL bargain is large inwards to a greater extent than ways than one.