CATL co-founder sells 1% stake

CATL co-founder Huang Shilin has sold a 1% stake for RMB 1.7 billion, transferring 45.6 million A shares to 16 investors at a small discount to the market price. He retains more than 9% of the company, whose shares have rallied on technology advances and overseas growth as CATL delivered 297.2 GWh of EV batteries in the first nine months.