SVOLT files $2.1 billion IPO as it looks to fund battery capacity expansions
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Chinese battery company SVOLT filed for a $2.1 billion initial public offering on the Shanghai Stock Exchange this week, becoming the last of China’s six largest battery manufacturers to list. The company said it intends to sell 25% of its shares and raise 15 billion RMB ($2.1 billion) for the expansion of new plants in […]