Battery Giant CATL Invests in Avatar Technology, Becoming Second-Largest Shareholder
Avatar Technology (Chongqing) Co., Ltd. plans to secure finances worth 2.42 billion yuan ($378 million) with three new investors, including Chinese battery giant CATL, Chongqing Changan Auto Company, Avatar’s parent company, said in a statement. Under the plans, CATL will become the tech company’s second-largest shareholder.
When the deal i…