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CATL's $5 Billion Hong Kong Bet: Battery Giant's Aggressive Push Amid Global EV Pressures

WebProNews·Emma Rogers·about 1 month ago
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Contemporary Amperex Technology Co. Ltd., known as CATL, kicked off a share placement in Hong Kong on Monday aimed at pulling in about $5 billion. The world’s top EV battery producer is offering new H shares priced between HK$628.20 and HK$651.80 apiece. That range marks a 3.5% to 7% discount from the previous close of HK$675.50. If fully subscribed, this deal would claim the title of Hong Kong’s biggest equity offering so far this year, topping recent placements and harking back to Kuaishou Technology’s $6.2 billion IPO in 2021. Bloomberg first detailed the terms, noting the accelerated bookbuild process already underway with institutional investors. CATL isn’t new to Hong Kong markets. The company debuted its secondary listing there in May 2025 at HK$263 per share, hauling in $4.6 billion—the largest listing that year. Shares have rocketed since, up roughly 160% to touch an all-time high of HK$701 just before placement rumors surfaced in mid-April.…

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