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06/10/2021, EV and battery manufacturer CATL and BYD rose after rumors with Apple.

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EV and battery manufacturer CATL and BYD rose after rumors with Apple.

In Shenzhen, shares of Contemporary Amperex Technology Co. rose as high as 8.6 percent. CATL is the world's largest manufacturer of electric car batteries. The advances were fueled by a BloombergNEF forecast report and China's initiatives to bolster the industry. Apple is in preliminary discussions on battery supply for its electric car with CATL and BYD Co. BYD, an electric car manufacturer, increased by around 6% in Hong Kong.