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After agreeing to buy $4.
7 billion worth of batteries, BMW acquired the right to
acquire a stake in CATL.
BMW received US$430 million equity investment rights from CATL
This means that BMW Brilliance, a Chinese joint venture of the German automaker, is entitled to an equity investment of up to US$430 million, and a 0.
8% stake
in the current share price if CATL sells the new shares.
CATL was the world's largest electric vehicle battery maker by sales last year, with shipments of 12 GWh
.
It is estimated that CATL has a 30% share
of the electric vehicle battery market in China.
，
After agreeing to buy $4.
7 billion worth of batteries, BMW acquired the right to
acquire a stake in CATL.
BMW received US$430 million equity investment rights from CATL
BMW received US$430 million equity investment rights from CATLThis means that BMW Brilliance, a Chinese joint venture of the German automaker, is entitled to an equity investment of up to US$430 million, and a 0.
8% stake
in the current share price if CATL sells the new shares.
CATL was the world's largest electric vehicle battery maker by sales last year, with shipments of 12 GWh
.
It is estimated that CATL has a 30% share
of the electric vehicle battery market in China.
，
