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Caixin Global
Caixin Global
Business

Tech Brief (Apr. 14): CATL Nears 2 Trillion Yuan Valuation

CATL Huawei Minimax

CATL Nears 2 Trillion Yuan Valuation

Shares of Contemporary Amperex Technology Co. Ltd. (CATL) hit a record high Monday, pushing its market capitalization close to 2 trillion yuan ($290 billion) as demand surged from artificial-intelligence (AI) data centers and energy storage. Only five companies listed on China’s A-share market have valuations above 2 trillion yuan, including Industrial and Commercial Bank of China Ltd., China Construction Bank, Agricultural Bank of China, PetroChina Co. Ltd. and China Mobile Ltd.

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