With a Hong Kong IPO, the state-backed battery maker has ambitious plans.
GAC's Aion S, one of China's top-selling electric vehicles, is powered by batteries made by CALB Co. Credit: GAC Aion
The market for electric vehicle (EV) batteries has exploded in recent years, with private companies dominating production in China thus far. Now, through CALB Co., the Chinese state is looking to muscle its way in.
CALB’s share of the Chinese battery market stands at just 5.9 percent, but that already makes it the country’s third largest EV battery maker. Last week, the company filed for an initial public offering in Hong Kong, looking to raise $1.5 billion to catapult its growth and expa
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The recent conviction of Jimmy Lai, Hong Kong’s most famous dissident, on alleged national security offenses was the end of a process set in motion years ago by the Chinese Communist Party. Lai, who could have sought safety in another country, chose to stay and fight.
David Webb, who for years fought for fairer markets and better-run companies in Hong Kong, passed away on January 13, 2026. In tribute, we are resurfacing this article about his career, first published in May...
The journalist talks about the latest series of her podcast Face Off where she covers topics ranging from China’s nuclear build-up to robots to Gen Z’s woes.
An award-winning podcast about the world’s two superpowers, the two men in charge, and the vital issues that affect us all. Face-Off cuts through the noise for the real story, with essential historical context.
In this season, longtime foreign correspondent for The New York Times Jane Perlez and celebrated China historian Rana Mitter cover Xi at the negotiating table, Gen Z disillusionment, China’s military rise, Pacific tensions, tech advances, and soft power.
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