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

A CATL logo is displayed on a smartphone screen with a Hong Kong Stock Exchange (HKEX) logo in the background on May 7, 2025 in Chongqing, China. Li Hongbo | Visual China Group | Getty Images Shares of China's Contemporary Amperex Technology declined 8.5% Tuesday after the EV battery giant unveiled plans for a roughly $5 billion equity offering in Hong Kong . …