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Battery Maker Gotion is Seeking $1.6 Billion in Swiss Listing

  • Gotion picks CICC, Haitong to arrange GDR sale in Switzerland
  • Volkswagen became Gotion’s largest shareholder in 2020

Chinese battery maker Gotion High-Tech Co. is considering raising about 10 billion yuan ($1.6 billion) from a sale of global depositary receipts in Switzerland, according to people familiar with the matter. 

The Shenzhen-listed company picked China International Capital Corp. and Haitong Securities Co. to arrange the offering, said the people, who asked not to be identified as the information is private. A listing could happen as soon as in the second half of this year, the people said.