Battery Maker Helping Power China Electric Car Boom Plans IPO

  • CATL forecasts $15 billion in sales by 2020 on China’s EV boom
  • Battery maker behind BYD plans first overseas plant in Europe

Contemporary Amperex Technology Co., China’s second-biggest maker of batteries for electric vehicles, is planning an initial public offering to fund an expansion as the government pushes to boost the sale of plug-in cars.

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