With $2 bn IPO in sight, this Chinese EV battery firm is a giant in making – World Finance News

Countries across the world look to grab their share of the electric vehicle supply chain in a rush to go green, energy storage is becoming a key battleground. To add to the pressure, yet another large Chinese battery player is emerging. China Aviation Lithium Battery Technology Co., or CALB, is looking to go public in Hong Kong for as much as $2 billion. Formed in 2015 under Luoyang Company, a wholly owned unit of the China Airborne Missile Academy — part of state-owned aerospace and defense firm Aviation Industry Corp of China Ltd. — CALB filed offering documents earlier this…