CALB, China’s third largest battery maker for electric vehicles, has received approval from the Chinese Securities Regulatory Commission (CSRC) for its proposed initial public offering in Hong Kong. It is unknown when the city’s stock exchange will consider the company’s listing, but Bloomberg reported on May 16 that CALB has been working with Citigroup, Credit Suisse, and JPMorgan as it aims to raise as much as $1.5 billion for the first-time share sale. Reporting sales of 8.35-gigawatt hours of batteries for the first half of 2022, CALB held 7.6% of the Chinese EV battery market during the period, behind CATL and BYD. [Caixin, in Chinese]