China’s stock-market darling Contemporary Amperex Technology is close to overtaking a state-owned lender to become the nation’s second-largest listed company. With a market capitalization of over 1.55 trillion yuan ($242 billion) Monday, the Tesla supplier is just a 1% climb away from surpassing Industrial & Commercial Bank of China Ltd. at 1.57 trillion yuan. Both lag distiller Kweichow Moutai Co.’s 2.27 trillion yuan market cap. Based in China’s southeastern Fujian Province, CATL is the world’s largest manufacturer of power batteries and materials and also counts auto giants Daimler, BMW, BAIC Motor Corp as among its customers. It has surged 90% this year as the bellwether of China’s electric autos supply chain, amid Beijing’s vigorous support for green vehicles and carbon neutrality. The company accounts for a 21% weighting in China’s Nasdaq-style ChiNext Index. Earnings Beat Third-quarter earnings beat expectations as strong pricing power allowed the company pass on costs […]