(Yicai Global) July 22 -- China’s biggest electric car battery maker Contemporary Amperex Technology has become the second-most popular mainland-listed stock to attract investment from publicly offered funds after Kweichow Moutai while surpassing the liquor maker's rival Wuliangye Yibin.

Funds that are not restricted to select members increased their shareholding in the Shenzhen-listed tech firm, boosting its position to No. 2 in the quarter ended June from No. 6 a quarter earlier while replacing Wuliangye Yibin, TX Investment Consulting wrote in a report today, citing investors' second-quarter financial reports.

The battery maker almost doubled the number of public funds on its list of shareholders to more than 1,100 in the three months. Wuliangye Yibin had been No. 2 after Kweichow Moutai for three straight quarters before CATL beat it.

Chinese equity and hybrid funds held 231 million shares in CATL, resulting in a value of CNY123.7 billion (USD19.1 billion) by June 30, rising 66 percent from March 31. Meanwhile, the value of funds' shares in Kweichow Moutai tallied CNY130.2 billion, making it the mainland favorite among these types of investment vehicles.

The electric vehicle market is booming, which explains the enthusiasm. CATL’s share price [SHE:300750] has grown by over 50 percent this year to result in a market cap of nearly CNY1.3 trillion (USD200.7 billion).

Equity and hybrid funds held almost 74 percent of their holdings in stocks and the remainder in bonds or cash as of June 30, jumping from a ratio of 69.8 percent a quarter earlier. The average for equity funds was nearly 88 percent and that for hybrid ones 70.4 percent.

Editor: Emmi Laine, Xiao Yi