CATL buys back $164m of shares, plans to cancel them

CATL has repurchased US$164 million worth of its own shares and plans to cancel them. The company had earlier won approval for an A-share buyback program worth 20 billion yuan (US$2.99 billion) to 40 billion yuan (US$5.97 billion).

• CATL repurchased US$164 million in shares
• The shares are set to be cancelled
• Approved buyback program: 20–40 billion yuan
• That equals US$2.99–5.97 billion