Updated October 8, 2022 5:33 PM ET
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Electric vehicle makers in Asia and the companies that supply them are rushing to the capital markets to raise money while trying to capitalize on rising demand for energy-efficient cars.
This year has seen a plethora of EV-related stock sales despite much of the global IPO market plummeting. More than $23 billion has been raised by companies along the electric vehicle supply chain through IPOs and follow-on share sales in Asia ex-Japan year to date, according to Dealogic data.
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