CATL plunges more than 8% as the Chinese battery maker unveils $5 billion share placement

Shares of Contemporary Amperex Technology (CATL) declined 8.5% after the EV battery giant unveiled plans for a roughly $5 billion equity placement in Hong Kong.

# CATL plunges more than 8% as the Chinese battery maker unveils $5 billion share placement Shares of Contemporary Amperex Technology (CATL) declined 8.5% after the EV battery giant unveiled plans for a roughly $5 billion equity placement in Hong Kong. **Read the full article:** [CNBC](https://www.cnbc.com/2026/04/28/catl-shares-slide-after-5-billion-hong-kong-share-placement-plan.html) *This article was originally published by CNBC. MoneyWiseInc provides expert curation of the best financial content from trusted sources.*