Contemporary Amperex Technology Co., Ltd. (CATL) has announced that its controlled subsidiary, Guangdong Brunp Recycling Technology Co., Ltd., intends to register and issue bonds totaling no more than RMB 5 billion (including RMB 5 billion).
The move is designed to support the subsidiary's production and operational needs, as well as its business development goals, while also optimizing its debt structure and lowering financing costs. The company's board has approved the plan to proceed with the registration and issuance.