CATL aims to raise $4 billion with Hong Kong listing

Share

From ESS News

CATL, the world’s leading battery manufacturer and a significant supplier of batteries to the stationary energy storage industry, has launched a long-awaited IPO in Hong Kong.

The listing, first announced in February, aims to raise between $4 billion and $5.3 billion, with proceeds primarily designated to accelerate its global expansion, including in Europe. It could become the largest new listing for the Hong Kong stock market in four years, since Kuaishou Technology’s $6.2 billion IPO.

CATL’s secondary listing in Hong Kong follows its Shenzhen A-share listing and provides more direct access to a broader international investor base and deeper global capital pools than its domestic shares. The move enables foreign currency fundraising, key to financing its overseas expansion, including a large battery manufacturing plant in Debrecen, Hungary, and other international projects.

To continue reading, please visit our ESS News website.

This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.

Popular content

Daikin launches new single-zone heat pumps for residential use
20 June 2025 The new Oterra 115V heat pumps use difluoromethane (R32) as the refrigerant and have a heating capacity of 9,000 BTU/h to 12,000 BTU/h.