World’s Largest EV Battery Maker to Buy a Lithium Miner. What to Know.

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The world’s largest maker of electric-vehicle batteries has agreed to buy Canadian miner Millennial Lithium in a move to bolster its supply of key mineral lithium.  

Chinese battery maker Contemporary Amperex Technology (ticker: CATL) outbid rival Ganfeng Lithium‘s (1772.HK) July C$353 million offer with its own C$376.8 million ($297.3 million) bid on Tuesday valued at C$3.85 per common share.


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