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Benzinga
Benzinga
Business
The Bamboo Works

CALB Taps Into EV Battery Fever With Hong Kong IPO Plan

Key Takeaways:

  • EV battery maker CALB has applied to list in Hong Kong, in what could become the city’s biggest IPO so far this year
  • The company turned profitable last year with net income of 112 million yuan, but spiking material prices are denting its gross margin
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