Sinopec Unit Sells About $770 Million in CATL Shares, Term Sheet Shows中石化旗下公司出售约7.7亿美元宁德时代股份，交易条款清单显示
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A unit of Sinopec (China Petroleum & Chemical Corp) sold roughly $770 million worth of shares in CATL (Contemporary Amperex Technology Co., Limited), according to a term sheet reviewed by Reuters.
CATL is the world's largest EV battery maker, making it a key supplier across the global electric-vehicle industry.
The stake sale by a major Chinese state-owned enterprise puts a spotlight on CATL's shareholder base, which automakers and battery buyers watch closely given the company's central role in EV supply chains; the term sheet did not disclose the buyer.