3750.HK is trading 3.6% down at $676.50, giving back part of a recent rally sparked by news that CATL and Ford launched production at a new lithium iron phosphate (LFP) battery plant in Michigan.
- The facility is the first of its kind in the US, owned by Ford and operated under a technical licensing agreement using CATL technology.
- The stock had previously surged approximately 5% to a high of $740.00 following the announcement before entering the current pullback.