China's CATL sells nearly 5% stake in Australian lithium miner Pilbara for $405m

China's CATL sells nearly 5% stake in Australian lithium miner Pilbara for $405m

FILE PHOTO: The logo of Chinese battery maker CATL is seen among a display of batteries at an exhibition in Beijing, China October 12, 2022. REUTERS/Florence Lo/File Photo

CATL, the world’s largest battery maker, has sold its nearly 5% stake in Australian lithium producer Pilbara Minerals Ltd for A$601 million ($405.31 million), according to a term sheet reviewed by Reuters on Thursday.